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DCEO Offering Business Interruption Grants (BIG)
 
Posted on Monday June 29, 2020
 
The Illinois Department of Commerce and Economic Opportunity (DCEO) recently announced it is offering $60 million in grants to businesses experiencing losses or business interruption as a result of COVID-19 related closures.
 

The BIG Program is available for up to 3,500 businesses, and DCEO will begin distributing funds to qualifying businesses in mid-July.  Specifically, the program includes support for the following:

  • Bars and restaurants.  $20 million in funding has been allocated for bars and restaurants unable to offer outside (al fresco) service.  At least 1,000 grants of up to $20,000 each will be made.  Grants are for businesses with $80,000 to $3 million in annual revenue.
  • Barbershops and salons.  1,000 grants of $10,000 each will be made to barbershops and salons (total of $10 million).  Grants are for businesses with $80,000 to $500,000 in annual revenue.
  • Gyms and fitness centers.  $10 million has been earmarked for gyms and fitness centers that have lost significant revenue due to COVID-19.  500 grants of $20,000 each are being offered.  Grants are for businesses with $80,000 to $2 million in annual revenue.
  • Businesses in disproportionate impacted areas (DIAs).  Although not applicable to Mokena businesses, an additional $20 million is available for businesses that have recently experienced significant property damage.

Applications for the above grants will be accepted through Tuesday, July 7, at 5 p.m.  To get in the game, simply click here.  

 

 
Village of Mokena | 11004 Carpenter Street Mokena, IL 60448
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