The Back to Business (B2B) grant program provides recovery grants for
businesses in the hardest-hit industries. Through the state’s B2B and
Business Interruption Grant (BIG) Programs, DCEO has provided more than
$535 million to more than 15,000 businesses since the start of the pandemic.
Eligible restaurants, hotels and creative arts businesses are eligible to apply
for $175 million in available grant funding as part of our efforts to support
ongoing recovery in hard-hit industries. All applicants will receive a grant as
long as they meet eligibility requirements, submit proper documentation and
attestations required by the program.
The program design for B2B Restaurants, B2B Hotels, and B2B Arts, respectively,
are based on legislation which established the Restaurant Employment and
Stabilization Grant Program (20 ILCS 605/605-1100), Hotel Jobs Recovery
Grant Program (20 ILCS 605/605-1095), and the Illinois Creative Recovery
Grant program (30 ILCS 709/40).
Applications will be open between April 5 and May 10, 2023. DCEO encourages
applicants to familiarize themselves with program eligibility requirements and reach
out to local community navigators with any questions.
The Schaumburg Business Association is equipped to assisst you with any questions, or completing the application. (847) 413-1010
A brief summary of program information can be found here:
|B2B RESTURANTS||B2B HOTELS||B2B CREATIVE ARTS|
|Funding Available||$50 million||$75 million||$50 million|
|Award Range||$5,000-$50,000||Up to $1,500 per room||$5,000-$250,000|
|Impact of Receiving Prior Award||
Ineligible if business received any prior state relief funding (B2B, BIG, RRF) or more than 10K in local funding
Businesses who received federal funding, including PPP are eligible.
|Amount of state or local grants received deducted from overall award amount.||Grant based only on 2021 losses for businesses that received prior state relief funding (BIG or B2B)|
|Spending Guidelines||Flexible spending to support losses||80% for payroll related costs; 20% flexible spending||Flexible spending to support losses|
|Examples of Eligible Businesses (detailed eligibility requirements can be found in the documents below)||
Note: additional language translations are anticipated to be posted by March 24; please check back for updates.
Full information with updates can be found here.
Wednesday May 10, 2023