Cook County President Toni Preckwinkle and the Cook County Bureau of Economic Development announced the launch of The 2023 Source Grant through the Cook County Small Business Source, a program that strives to support, grow and elevate small businesses as the backbone of Cook County’s economy. The 2023 Source Grant will award $40 million in grants to thousands of small businesses across the County in early 2024 with funds provided by the American Rescue Plan Act. Applications will remain open until Friday, August 18 at 11:59 p.m. Small businesses are eligible to apply if they have been operating in Cook County prior to 2020 and have fewer than 20 full-time employees on staff. While open to all small business within the County, the program will prioritize suburban Cook County business, businesses owned by veterans, and those businesses in sectors deemed hardest hit by the COVID-19 pandemic by the U.S. Treasury: Arts & Entertainment; Childcare & Social Assistance; Hospitality, Food & Tourism; Retail Trade; Transportation & Warehousing. Applicants may apply to receive one of two grant award levels through The 2023 Source Grant: businesses with a 2019 gross revenue between $20,000 to $50,000 are eligible to receive $10,000 grants and businesses with 2019 gross revenue of more than $50,000 are eligible to receive $20,000 grants. To apply for The 2023 Source Grant, and to learn more about documentation requirements, upcoming webinars, and help sessions, visit cookcountysmallbiz.org/sourcegrant.