Illinois small businesses, communities to receive $94 million in emergency relief funds

Illinois small businesses, communities to receive $94 million in emergency relief funds
(Source: Pexels)

CHICAGO, Ill. (KFVS) - Small business, communities and local governments in Illinois will be receiving a total of $94 million in emergency relief funds.

The Business Interruption Grants (BIG) program will provide more than $46 million in small business grants, for businesses impacted by COVID-19.

$48 million in Local CURE funding has been issued to 163 local governments, in over 79 counties.

Over $68 million has been allocated for downstate communities alone.

“Already, we’ve been able to help 1,200 businesses in this second round of Business Interruption Grants, totaling $46 million in funding for more than 340 communities in 79 counties statewide – including $19.5 million for restaurants and bars alone. That builds on our first round of Business Interruption Grants – $49 million to more than 2,800 businesses in over 400 cities and towns across 78 of our 102 counties,” said Governor JB Pritzker. “This support is but one portion of the $1 billion in economic relief for business owners and communities that my Department of Commerce and Economic Opportunity has deployed in response to this pandemic – while simultaneously calling on the federal government to deliver more for Americans in every state, because this is not a crisis we can weather alone.”

$35 million has been directed to regions currently under mitigations to prevent the further spread of COVID-19, or where mitigations will soon take effect.

“While we know the needs facing our Illinois communities and businesses are great – these latest funds released will provide a much-needed boost to cover losses and withstand the ongoing nature of the crisis,” said DCEO Director Erin B. Guthrie. “Under Governor Pritzker’s leadership, Illinois is taking necessary steps to overcome the virus quickly so we can begin the long-term work of rebuilding our businesses and our local economy. Economic support programs like BIG and Local CURE are an essential component of protecting our communities, and we encourage more small businesses and local governments to apply for remaining funds to address their COVID-19 costs.”

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