ELGIN – As Illinois continues to bounce back from the COVID-19 pandemic, local businesses are receiving over $2.2 million in funding thanks to support from State Senator Cristina Castro (D-Elgin).
“The Back to Business grant program has been instrumental in keeping small businesses afloat during the COVID-19 pandemic,” Castro said. “From bars and restaurants to barbershops and gyms, small business owners can breathe a little easier with this financial assistance.”
The B2B grants are awarded by the Illinois Department of Commerce and Economic Opportunity using funds allocated by the American Rescue Plan through last year’s state budget. In the district Castro represents, 62 businesses received grants in the latest round of funding.
So far, DCEO has provided $200 million in B2B grants to small businesses throughout the state with an emphasis on disproportionately impacted areas. With nearly $50 million left to go, more businesses will have the opportunity to get a share of the relief funds.
“Buying local returns $68 for every $100 spent back into the community, giving local economies a boost,” Castro said. “Keeping these businesses open ensures our economy remains robust as we continue to recover.”
Grants will continue to be awarded on a rolling basis. Visit the DCEO website for more information on the B2B program or check the status of an existing application by logging into the portal