Gov. Pritzker Announces $175M Available in B2B Grants for Restaurants, Hotels and Creative Arts Businesses

Lawndale News Chicago's Bilingual Newspaper - Business

Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) announced $175 million in available grant funding through the Back to Business (B2B) program. Following state recovery for businesses totaling nearly $1.5 billion, the latest American Rescue Plan Act (ARPA) -funded opportunity is designed to provide additional support for the hardest-hit sectors, including restaurants (B2B Restaurants), hotels (B2B Hotels), and businesses or organizations in the creative arts sector (B2B Arts). To provide hands-on support and raise awareness about the program, the State has mobilized a network of more than 100 community navigators across Illinois.  The program design is based on legislation establishing the Restaurant Employment and Stabilization Grant Program ($50 million), Hotel Jobs Recovery Grant Program ($75 million) and the Illinois Creative Recovery Grant program ($50 million). The funding is designed to offset losses and support job retention in the hardest-hit industries. In order to manage a high volume of applications in a timely manner, DCEO has enlisted a program administrator – the National Community Reinvestment Coalition Community Development Fund (NCRC CDF) – to support with application review, provide technical portal support for applicants, manage the development of the application portal and provide support in processing payments. Applications open April 5 – May 10 at Illinois.gov/B2B; community navigators available to conduct outreach and provide technical assistance to hardest hit communities.

Comments are closed.