Small businesses around the world have been affected by the COVID-19 pandemic, but in Illinois, they can receive some relief with the Business Interruption Grant (BIG) program.
Businesses in La Salle County were awarded $730,000 in total through the program so far, to help offset devastating dips in revenue as the COVID-19 pandemic surges on.
Additionally, businesses in Bureau County were awarded $75,000 in total.
The BIG program is a $636 million program developed by Gov. JB Pritzker and the Illinois General Assembly to provide economic relief for small businesses hit hardest by COVID-19.
The grant funding helps small businesses with capital expenses, including payroll costs, rent, utilities and other operational costs.
And as COVID-19 case numbers surge across the state but especially in the geographical health region known as Region 2, which includes La Salle, Bureau, Putnam, Marshall and Livingston counties, state officials have spent the month of October heralding the BIG program as a bone to throw struggling small business unable to offer indoor dining.
Priority will be given to applicants that did not receive Paycheck Protection Program loans or other forms of emergency aid from the CARES Act or other governments, are located in DIAs, are subject to regional mitigation measures because of COVID-19 resurgence and have less than $5 million in annual revenue.
How to apply, who's eligible, and who's not
According to the Illinois Department of Commerce and Economic Opportunity website, BIG is the largest program of its kind in the nation – leveraging federal CARES Act funds to establish economic recovery programs: more than $270 million for small businesses, and an additional $270 million exclusively for childcare providers, administered jointly by DCEO and IDHS.
During a conference Thursday, Erin Guthrie, the director of the Illinois DCEO, said that more than 4,000 small businesses have received grants through the BIG program, with half of the recipients minority-owned and one-third women-owned.
Roughly $174 million of BIG money remains available, and applications will be accepted until funds are exhausted.
In the first round of funding, BIG directed $49 million to about 2,800 businesses in 400 cities in 78 counties. First round grants ranged from $10,000 to $20,000 and averaged $17,000. More than 5,000 businesses applied for funding, with grantees selected via random lottery.
The second round has a focus on businesses downstate and those in disproportionately impacted areas. These areas are defined by ZIP code for communities most economically distressed and vulnerable to COVID-19. The Marseilles ZIP code area was the lone one designated in La Salle County.
So far, in the second phase of the program that began in Sept. 1, 200 businesses received grant funds in 340 cities in 79 counties. Second round grant size will be calculated based on revenue losses and/or expenses over the last two months, ranging from $5,000 to $150,000.
The second round of grants sets aside $60 million for heavily impacted industries, such as movie theaters, performing arts venues, concert venues, indoor recreation and amusement parks, $70 million for DIAs, $5 million for livestock production disruptions, more than $100 million for downstate communities and loan forgiveness for Illinois Small Business Emergency Loan recipients.
To be eligible for the second round of BIG, businesses must meet the following criteria:
• Must be an independently owned and operated for-profit corporation or limited liability corporation, partnership, or sole proprietorship authorized to conduct business in the state of Illinois; OR a 501c3, 501c6, or 501c19 nonprofit
• Must have been operating for at least three months prior to March 2020
• Must have had less than $20 million in gross operating revenue in calendar year 2019, or a pro-rated amount if in operation for less than a year prior to March 2020
• Must have experienced operating losses since March 21, 2020
• Must have been closed or had reduced operations due to government orders, public health guidelines, or depressed consumer demand during the COVID-19 pandemic
• Must have complied with all relevant laws, regulations, and executive orders from the state and federal government, including the social distancing guidelines as promulgated by the Executive Orders of the Illinois Governor
For information about the Business Interruption Grants program, visit the Illinois Department of Commerce and Economic Opportunity's webpage.
BIG Recipients in La Salle County
$150,000
G.L. Scheri Electric Co., Peru
$55,000
Hegeler Carus Foundation, La Salle
$40,000
Uptown Grill, La Salle
$35,000
Broadway Pub, Streator
$25,000
Ottawa Travel & Cruises, Ottawa
$20,000
Buzzy Holdings, Inc., La Salle
Los Jarritos Bar & Grill, La Salle
Jakes Pour House, La Salle
Suzi's of Ottawa, Ottawa
The Bears Den, Naplate
Sunfield Restaurant, Ottawa
Bailey's Place 03, Ottawa
Bailey's Place 01, Peru
YMCA, Ottawa
Art Deco Saloon, Peru
Anytime Fitness, Peru
Planet Fitness, Peru
X-ercise Science, Peru
Jerry's Tap, Ransom
Tekes Lounge, Streator
More on Main, Streator
Fitness Premier of Streator, Streator
$15,000
Studio 718 The Hair Co., La Salle
$10,000
The Head Hunter, Mendota
Ivena Nails, Ottawa
Whiteway Tavern, Peru
Stage 212, La Salle
$5,000
Dog House of La Salle, La Salle
The Dugout, La Salle
The Lucky Leprechaunt, La Salle
Awesome Ottawa Tours, Ottawa
Tornado Towel, Ottawa
The Mane Event, Streator
BIG Recipients in Bureau County
$20,000
The Black Rose Saloon, Princeton
CrossFit 56, Princeton
$15,000
Softtails, Ladd
$10,000
LIttle Lotus, Spring Valley