November 9, 2020 – The Illinois Department of Commerce and Economic Opportunity is urging struggling businesses to apply for grants in the second round of Business Interruption Grants. The “BIG” grants do not need to be paid back and according to the DCEO, there is still a good portion of money available.
“BIG has over $175 million remaining in our balances to help small businesses with costs like helping re-hire employees, helping navigate rent, and other things that have been really impacted by COVID-19,” said DCEO Director Erin Guthrie. Guthrie says the DECO is focusing on getting more downstate, minority-owned, and agriculture businesses to apply during the second round.
The department is taking about two to three weeks to process grant applications.
For more information on BIG grants, go to DCEO.Illinois.Gov
