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Unlocking Growth: $25M Grant Opportunity for New Businesses

12/11/2023

 
We are thrilled to share an exciting opportunity that could significantly benefit your business. Governor JB Pritzker, in collaboration with the Illinois Department of Commerce and Economic Opportunity (DCEO), has announced the availability of $25 million in funding through the Back to Business New Business Grant (B2B NewBiz) Program. This initiative aims to support new businesses that opened their doors in 2020 or 2021, offering eligible entities the chance to secure up to $30,000 in crucial funding.

Eligibility Criteria: Your Pathway to Funding

Is your business ready to seize this opportunity? Here's how you can determine your eligibility:
  • Your business commenced operations in 2020 or 2021.
  • You are actively operating in Illinois.
  • You haven't received a Back to Business (B2B) grant before 2023.
  • Your business or nonprofit falls into a Priority Industry category, or it is majority-owned by an individual who has received unemployment insurance benefits, including Pandemic Unemployment Assistance (PUA).

The application window is open until Thursday, Jan. 11, 2024. Don't miss out on this chance to secure the support your business needs to thrive.

How to Apply: Your Gateway to Success

Ready to take the next step? Head to [https://b2bnewbiz.com/](https://b2bnewbiz.com/) for comprehensive details on the application process, eligibility criteria, and access to the application itself. The funding you can secure varies based on when your business was established and whether it operates out of a home-based or "brick-and-mortar" location.

Key Dates and Additional Resources

Save the date! The application period is open from Thursday, Nov. 30, with a deadline set for Thursday, Jan. 11, 2024. Awards are expected to be announced in the weeks following the deadline.

For further insights into the program and application process, the DCEO is hosting webinars in both English (Monday, Nov. 27) and Spanish (Wednesday, Nov. 29). To stay informed and make the most of this opportunity, visit the official website.

A Call to Growth: Seize the Opportunity

We strongly encourage you to leverage this grant opportunity to propel the growth and resilience of your business. Governor JB Pritzker and the DCEO have paved the way for new businesses to thrive, providing a valuable resource that can make a significant impact on your entrepreneurial journey.

Don't miss out on this chance to fuel your business's success. Apply now and position your venture for a prosperous future. Get more information here: ​https://b2bnewbiz.com/
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    Tom Gosche

    Tom is the Business Development Manager for GLM. If you are interested in learning more about GLM's services, contact him:

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