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Jb Pritzker Small Business

Jb Pritzker Small Business – Springfield, Ill. () – Governor Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) announced a $250 million Back to Business (B2B) grant program to support the continued recovery of small businesses across Illinois.

B2B will offer small businesses access to funding that can help them recover from losses caused by COVID-19, bring back workers and take ongoing steps to rebuild in the aftermath of the pandemic. The state is also providing a $9 million investment to expand the Certified Community Navigator program, providing a network of community organizations to conduct outreach and provide technical assistance in the most impacted communities.

Jb Pritzker Small Business

Jb Pritzker Small Business

DCEOs and community navigators will immediately begin working to provide businesses with information on the steps needed to apply, giving them time to prepare before applications officially open on August 18.

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“Today, in partnership with the General Assembly, I’m taking another step to spur economic growth, jobs and new opportunities for the people of Illinois,” Governor Pritzker said. “Further accelerating our economic recovery, we are announcing $250 million in back-to-business grants to cover staffing and operating costs to small businesses across Illinois. Small businesses are the backbone of the Illinois economy and, collectively, they account for the largest number of jobs and are the largest job creators in Illinois. And here in Illinois, they are the foundation of our recovery.”

DCEO is making $250 million available to small businesses across the state that have experienced significant losses due to COVID-19. To reach businesses most in need with these funds, DCEO will work with more than 100 Community Navigators, 42 Small Business Development Centers (SBDCs) and other outreach partners who have ties to the local business community.

Although many types of businesses and industries may apply, businesses in the following industries will receive priority for grants: restaurants and taverns; hotel; Industrial trade and organization; And additionally, priority will be given to businesses located within a Disproportionately Impacted Area (DIA) as defined in the statute.

“To reach the most at-risk businesses, the State of Illinois has invested in a comprehensive outreach support infrastructure, building on a $9 million investment to grow the proven Community Navigator program. DCEO and its partners will conduct outreach and mobilize resources to address any barriers to application, including language support, document collection, and application completion. These partners will provide the technical support needed to help small businesses with few resources make available ARPA claims. Fund,” according to Wednesday’s announcement.

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The Community Navigator system has been recognized as a national model by the Biden-Harris administration and follows investments made during the pandemic by providing no-cost technical assistance through the state’s Small Business Development Center and other community partners. . To find a Community Navigator near you, go here.

DCEO and its grant-management partner, Allies for Community Business (A4CB) will award grants on an ongoing basis based on priority criteria. In addition, businesses with revenues of $5 million or less, as well as those that did not receive an award during the Business Interruption Grant Program, will receive priority during the review, with $25 million set aside for businesses that applied but did not receive one. Funding through the Business Interruption Grant Program.

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To help businesses apply more easily, A4CB has launched a new, easy-to-use client portal, which allows applicants to track and receive real-time application status updates.

Jb Pritzker Small Business

B2B seeks to recoup operating losses during the COVID-19 pandemic and will provide grants ranging from $5,000-$150,000 depending on the extent of the loss. To be considered for grants, applicants must demonstrate a decrease in income in 2020 compared to 2019 and an annual income of more than $20 million in 2019. Businesses must provide two bank statements, identification of the company owner, and federal tax returns. For 2019 and 2020.

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For more information about B2B, how to apply and where to get small business assistance, visit DCEOs and partner organizations will host webinars over the next few weeks to provide on-demand virtual technical support. To receive regular updates on economic recovery programs, capital assistance and other economic development programs, sign up for the DCEO newsletter or follow us on social media @IllinoisDCEO.Gov. JB Pritzker announced on Wednesday, August 12, 2020 that $46 million in grants have been awarded to small businesses affected by the coronavirus pandemic. (WTTW)

State officials have awarded $46 million in grants to small businesses across the state that have experienced financial loss or disruption as a result of coronavirus-related closures, Gov. J.B. Pritzker on Wednesday.

“As the virus attacks our most vulnerable people, it also affects the most vulnerable parts of our economy. It’s our small businesses, our working families, our communities of color that have paid the highest price,” he said. “Combating the health and safety impacts of the virus has been a priority for me from the beginning, and combating the economic impacts of Covid is just as important.”

About 2,700 small businesses in more than 400 cities statewide received $10,000 to $20,000 in grants as part of the first round of the Business Barriers Grant (BIG) program, according to the governor’s office.

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According to Pritzker’s office, more than half of these businesses are reported to be owned by people of color, including black (14%) and Latino (11%) residents.

“The primary focus of this grant was on businesses that have been most severely impacted by COVID-19: those that closed entirely in the spring and those that experienced property damage in Covid-affected areas. Looting and property disturbances among citizens in June,” Pritzker said.

According to the governor’s office, the grants can be used for business support, including business capital expenses including salaries, rent, utilities and equipment, as well as other unforeseen costs to mitigate the impact of the pandemic. Personal Protection According to the Governor’s Office.

Jb Pritzker Small Business

“While the first round of BIG will provide a much-needed boost to thousands of businesses across the state, we know we need to do more,” said Michael Negron, acting director of the Illinois Department of Commerce and Economic Opportunity. “Through a series of programs launched in recent weeks, and another round of BIG on the horizon, we will continue to respond to the needs facing our business community and work to provide support where it is needed most.”

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But posting a grant application isn’t enough, Negron said. To ensure small business owners and entrepreneurs of color can access that funding, DCEO is investing $1 million to expand outreach by working with four community organizations, including the Urban League of Chicago.

“I know from experience as a small business owner that this program can be the difference between your business going through a tough time and temporarily or permanently suspending operations,” said Chicago Urban League Executive Director Karen Freeman Wilson.

The state is also partnering with the Illinois Business Immigration Coalition, The Resurrection Project and the Greater Auburn Gresham Development Corporation to serve as community navigators to help entrepreneurs of color.

During the press conference, Pritzker and Illinois Department of Public Health Director Dr. Ngozi Ezik reminded people to cover their faces, maintain social distancing and wash their hands as the number of coronavirus cases increases.

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IDPH on Wednesday reported 1,645 new cases of COVID-19 and 16 deaths from the virus, bringing the statewide total to 198,583 cases and 7,672 deaths. The statewide positivity rate is 4.1%.

EG also expressed concern over the number of hospitalizations. After a decline in May, Izic said the number of emergency room visits with COVID-19 symptoms began to increase last month. As of Tuesday night, 1,525 people were hospitalized with COVID-19, and of those, 357 were in the intensive care unit and 129 were on ventilators, according to the IDPH.

The number of cases and the positivity rate are also increasing. “Let’s reduce the numbers by using the simple but effective tools we have to combat this enemy. This includes wearing a mask, washing your hands and keeping a distance of 6 feet,” says Izic.

Jb Pritzker Small Business

Pritzker warned that more drastic measures could be taken if things don’t change. “We don’t want to go back to where we’re shutting things down,” he said. “But the truth is that if we keep going down the wrong path, we’re bound to get there.”

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The unemployment rate for black Chicagoans is more than double that of white residents. Community organizations are working to bridge the gap.

Sign up for our morning letter and get all our stories delivered to your inbox every day of the week. Governor JB appeared before the sold-out hearing at The Hideout. Pritzker highlighted the importance of small businesses and high-quality jobs in a wide-ranging conversation. With talk show star Pat Whalen. During the light and funny interview, Governor Pritzker discussed the leading role manufacturing plays in supporting the Illinois economy as well as his work to attract new and emerging industries to Illinois. One of several recent successes he cites is electric vehicle maker Rivan. Headquartered in Illinois, the company has seen its workforce grow from 400 to more than 4,000 during the pandemic. Governor Pritzker

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