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Illinois Launches Back to Business (B2B) NewBiz Program

The application window for the B2B NewBiz program opens on November 30, 2023, and will remain open until January 11, 2024.

The Small Business Advocacy Council has advocated for a program that provides grant funding to businesses that launched in 2020 (prior to the pandemic) and in 2020 and 2021 after the pandemic began. Governor Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) have launched the Back to Business (B2B) NewBiz program, which allocates $25 million for grants to businesses that launched in 2020 and 2021 in certain industries, or businesses started by people that became unemployed during the pandemic.

Details about the grant program, including eligibility and grant sizes, can be found here

The SBAC will continue to provide important information about funding opportunities for small businesses.

Check out more small business grant opportunities here!

Insights Archive

job creation tax credit passes out of committee

Job Creation Tax Credit Bill That Supports Small Businesses Moves Out of Committee

By patti@sbacil.org | March 21, 2025

Bill That Supports Small Businesses Moves Out of Committee The small business community scored a big win when the Small Business Job Creation Tax Credit Act advanced out of the House Revenue and Finance Committee. This legislation will support small businesses by establishing $2500.00 tax credits for businesses with 50 or fewer employees that hire…

Supporting Self-Employment Assistance (SEA) Programs to Drive Economic Growth

By patti@sbacil.org | March 17, 2025

SBAC INSIGHTS PAGE Supporting Self-Employment Assistance (SEA) Programs to Drive Economic Growth To: Illinois Legislators From: Small Business Advocacy Council Date: March 10th 2025 Subject: Supporting Self-Employment Assistance (SEA) Programs to Drive Economic Growth Introduction Self-Employment Assistance (SEA) programs have proven to be a valuable tool in supporting unemployed individuals who seek to establish their own…

Occupational Licensing

By patti@sbacil.org | March 2, 2025

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