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!
PPP Deadline Extended To May 31st
President Biden Signs PPP Extention Act Attention Small Business Owners: President Biden just signed the PPP Extension Act of 2021 which extends the Paycheck Protection Program an additional two months until May 31st. The Act also provides an additional 30-days for the SBA to process pending applications. Please translate this page to the language of your choice.…
PRESS RELEASE: BIG Legislation for Small Businesses
Illinois Small Business Advocates Call For Funding and an Improved Business Interruption Grant Program Illinois small businesses are fighting to recover from the pandemic. However, the Department of Commerce and Economic Opportunity reports that out of the 40,000 businesses that applied for a Business Interruption Grant, only about 9,000 received funding. Business owners hanging on…
Black And African American Owned Businesses Should Receive Their Fair Share Of State Contracts
Black And African American Owned Businesses Should Receive Their Fair Share Of State Contracts Illinois has failed many Black and African American owned small businesses because they have been unable to procure their fair share of state contracts or receive a fair share of the revenue associated with state contracts. Indeed, the failure of Black…
