June 14, 2021

ComEd, DCEO offers grants to small businesses hit by COVID-19

In light of the economic hardships brought about by COVID-19, starting Wednesday, ComED is accepting applications for its Small Business Assistance Program, which provides eligible small business customers, with a one-time grant up to $2,000 towards a past-due balance. Eligible customers also may place a remaining balance into a payment plan of up to 6 months.

Call 877-426-6331to apply; go to www.comed.com for more information.

In addition, the Illinois Department of Commerce and Economic Opportunity reminds small businesses and communities that applications for the Business Interruption Grant program are due by 5 p.m. Tuesday.

DCEO and its grant administrators Accion and WBDC have developed a menu of resources and technical assistance to help small businesses in need qualify for grants. Go to www2.illinois.gov for more information on BIG eligibility, how to receive assistance with submitting your application, and to review the application.

BIG grants, leveraging federal CARES Act dollars, provide grants ranging from $5,000 to $150,000. The average grant provided to date is $25,000. Grant funds may be used toward operational expenses, including PPE, rent and utilities, payroll, and more.