CHICAGO – State Rep. John D’Amico, D-Chicago, is bringing attention to new Business Interruption Grant funding to help local businesses economically impacted by the COVID-19 pandemic. Applications will be accepted until Tuesday, July 7 at 5 p.m.
“There is both state and federal financial assistance available to struggling businesses that are most affected by the global pandemic, and business owners should apply today before the funding for this first round of grants for service-based businesses runs out next Tuesday,” said D’Amico. “The new Business Interruption Grant program can help provide some real relief to our salons, gyms, bars, and restaurants that have been devastated by the interruption of this global pandemic.”
The first round of Business Interruption Grants will provide $60 million in relief to businesses that have temporarily shut down or have been heavily restricted during the COVID-19 pandemic. Bars, restaurants, gyms and fitness centers may be eligible for grants worth up to $20,000 and salons and barbershops may be eligible for grants worth up to $10,000.
Applications are available now and the number of qualified applicants is expected to outpace the funding available. Businesses are encouraged to apply as soon as possible. Applications and more information including eligibility criteria can be found on the Illinois Department of Commerce and Economic Opportunity website at https://www2.illinois.gov/dceo/SmallBizAssistance/Pages/C19DisadvantagedBusGrants.aspx.
“Small businesses mean just about everything to our city and state so they deserve every opportunity to bounce back and succeed,” said D’Amico. “It’s vital for our eligible local businesses to get their applications submitted by July 7 to be considered for this grant funding.”
For more information, D’Amico’s constituent service office can be reached at (773) 736-0218 or by email at email@example.com.