Small Business Grant Program Ends, Paying Out More Than $275 Million
Credit Blueroomstream.com The grant program for small businesses owners in Illinois who suffered losses during the pandemic has run out of money. Illinois’ Business Interruption Grant program was the largest state program of its kind, but only about 20 percent, or 8,974 applicants, received a grant. The Illinois General Assembly created the program using federal Coronavirus Aid, Relief and Economic Security Act, or CARES Act, money. The Illinois Department of Commerce and Economic Opportunity helped administer the program, and awarded more than $275 million since the first round of grants w...
Source: wsiu.org