State and Local Recovery Funding
The Village of Oak Park has created a Business and 501(c)(3) Non-Profit Coronavirus Recovery Grant Program funded by $550,000 in federal American Rescue Plan Act funds. The program is intended to help Oak Park businesses with less than $3,000,000 in annual average gross business receipts and Oak Park-based 501(c)(3) non-profit organizations that have been negatively impacted by the COVID-19 emergency.
Grants are not available for payroll expenses or to franchise chains with five or more locations.
Applications will be accepted beginning Sept. 27, 2021.
As part of Governor JB Pritzker’s overall economic recovery strategy, the $250 million Back to Business (B2B) grant program aims to deploy small businesses recovery grants for those hit hardest by the COVID-19 pandemic. The B2B grant program builds on the success of last year's Business Interruption Grant (BIG) program – an equity focused business relief program, which directed $290 million to 9,000 businesses in 98 communities across Illinois. B2B is a key component of the Governor’s $1.5 billion economic recovery plan, aimed toward a swift and equitable deployment of American Recovery Plan Act (ARPA) funds that have been designated for Illinois to assist in recovery from the COVID pandemic
If you have any questions on either of these programs please feel free to reach out to me and I will guide you to the person that can help you.