Pritzker Administration Announces Small Business Grant Awards for B2B Restaurants, Hotels and Arts

Lawndale News Chicago's Bilingual Newspaper - Business

The Illinois Department of Commerce and Economic Opportunity (DCEO) today announced the conclusion of the Back to Business (B2B) Restaurants, Hotels and Arts program with $156 million provided in relief funds. Through these three programs, nearly 4,000 grants went to businesses in over 500 cities, towns and localities in 95 counties across the state. A list of Illinois B2B grantees can be found at www.dceo.illinois.gov B2B Arts and B2B Restaurants grant award amounts were determined based on a percentage of revenue declines, and funding for the B2B Hotels awards was allocated based on the number of rooms. Grants had an average award amount of $39,484, with different ranges of funding available depending on the business type. The grant program utilized American Rescue Plan Act (ARPA) funding and was designed to offset losses and support job retention in the industries hardest-hit by the COVID-19 pandemic. Through the pandemic, the Pritzker administration has provided assistance to totaling more than $1.5 billion through DCEO programs. Through B2B and BIG programs alone, Illinois has distributed 19,500 awards to businesses totaling nearly $700 million.

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