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!
ACTION CALL: Big Legislation for Small Businesses
Big Legislation for Small Businesses President Biden has signed The American Rescue Plan Act (H.R. 1319) into law. Accordingly, the State of Illinois is expected to receive over 7.5 billion in funds to foster recovery from the pandemic. A robust coalition of small business advocates are urging lawmakers to pass Senate Bill 1982, which will…
The SBAC Supports Relief For Chicago Small Businesses Through Reimbursement of Liquor License Fees
The SBAC supports a proposed Chicago ordinance which will reimburse small businesses a portion of the liquor license fees they paid because they could not use their license during pandemic related shutdowns. This ordinance will help many local businesses recover from the pandemic. Please translate this page to the language of your choice. Supporters Fifth…
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.…
