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Illinois

These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on August 24, 2020.

For more up-to-date information on the relief programs available in Illinois, we recommend that you visit the state's Coronavirus (COVID-19) Response portal.

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Description of Program and Relief

Downstate Small Business Stabilization Program

In light of COVID-19, the Downstate Small Business Stabilization Program will offer small businesses of up to 50 employees located in downstate and rural counties the opportunity to partner with their local governments to obtain grants of up to $25,000 in working capital.

Government or Lead Agency

Illinois Department of Commerce & Economic Opportunity

Dates Available

Applications are now available

Eligibility Requirements/Restrictions

Information about eligibility requirements may be found here:

https://www2.illinois.gov/dceo/SmallBizAssistance/Pages/EmergencySBAIntiatives.aspx

Certain local governments can apply on behalf of businesses with 50 employees or fewer. Municipalities that are HUD direct Entitlement communities are not eligible.

Application Deadlines (If Applicable)

Grants offered on rolling basis

Contact for More Information

For technical assistance, please contact the grant manager in your area, email ceo.ocd@illinois.gov, or call the Office of Community Development at (217) 785-6174.

List of Additional Information

Please visit:

https://www2.illinois.gov/dceo/SmallBizAssistance/Pages/EmergencySBAIntiatives.aspx

To access the application guidebook, please click here.


© 2020 Paul, Weiss, Rifkind, Wharton & Garrison LLP. This does not constitute legal advice and does not create an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. Past representations are no guarantee of future outcomes.

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