75 Kane Businesses Received a Total of $1.2 Million in 1st Round of BIG Grants

75 Kane Businesses Received a Total of $1.2 Million in 1st Round of BIG Grants

Kane County businesses received $1.21 million in the first round of Illinois DCEO Business Interruption Grants.

In total, 75 Kane businesses were awarded first-round grants. Funding was awarded to more than 2,600 businesses located in every region of the state, with grants ranging from $10,000 to $20,000.

The total program funding will amount to at least $540 million in grants for small businesses, $270 million of which has been set aside for childcare providers and is funded by the CARES Act.

BIG first-round grants span a diverse geography, as well as business type – with approximately 40 percent of all awards going to minority-owned businesses. It focused on sectors including restaurants/ bars, barbershops/salons, gyms/fitness centers, and businesses located in severely distressed communities.

The state announced the second round of BIG grants will be made available starting Thursday afternoon (Sept. 17, 2020) and will offer $220 million in funds for small businesses hit hardest by the ongoing pandemic.

The BIG Program is available for up to 3,500 businesses that experienced a limited ability to operate due to COVID-19 related closures.

The Department of Commerce and Economic Opportunity launched the first round of BIG, dedicating $60 million for businesses experiencing losses or business interruption as a result of COVID-19 related closures.

BIG funding may be used to help businesses with working capital expenses, including: payroll costs; rent; utilities; and other operational costs.

BIG Future Grant Rounds will be available for businesses that remain closed or are operating at severely diminished capacity. Check the DCEO website for frequent updates on future rounds, eligibility, and applications.

Kane County businesses and nonprofits are eligible for Kane County COVID-19 Relief Fund grants, as well. The grant applications will be posted online after an informational webinar on Friday, Sept. 18.

Kane County BIG Awardees

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