Politics & Government
Morrison Encourages Small Businesses To Apply For BIG Grants
The Business Interruption Grant program has allocated $220 million for movie theatres, performing arts venues and more.
Press release from State Senator Julie Morrison:
Sept. 16, 2020
State Senator Julie Morrison (D-Lake Forest) is encouraging small businesses continuing to face financial hardships due to the ongoing COVID-19 pandemic to apply for the second round of Business Interruption Grants.
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“Many small business owners continue to struggle, wonder when the pandemic will let up, and worry if their establishment can survive the colder months,” Morrison said. “Any business suffering – from restaurants to movie theatres – should apply for BIG funding as soon as it becomes available Thursday.”
The BIG Program has allocated $220 million in the second round for movie theatres, performing arts venues, concert venues and more to help them stay afloat through this time of crisis and ensure they have the resources to open safely in the coming months.
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BIG funds may be used to help businesses cover the costs of payroll, rent, utilities and other working capital during the time they have experienced interruptions due to the pandemic.
To ensure funds are distributed across the state and across business type, $60 million has been specifically allocated for heavily distressed industries, including indoor recreation facilities and amusement parks, and another $70 million has been set aside for businesses located in disproportionately impacted areas, or low-income areas that have experienced high rates of COVID-19. Businesses located in Highwood in the 60040 ZIP code, Wheeling in the 60090 ZIP code and North Chicago in the 60064 ZIP code qualify for part of the $70 million. For a full list of eligible ZIP codes, click here.
During its first round of funding earlier this year, the program granted more than $49 million to small businesses across the state. More than 50 business in the district Morrison represents received a combined $870,000.
Applications open Thursday, Sept. 17 and can be found on the Illinois Department of Commerce and Economic Opportunity’s website alongside a full list of criteria.
This press release was produced by State Senator Julie Morrison. The views expressed here are the author's own.
