$40M
TOTAL FUNDING
$40 million in grants to small businesses coupled with no-cost advising and coaching services, to help stabilize operations, foster recovery and resiliency, and advance equity in a post-pandemic economy.
July 20 – August 18
APPLICATION DATES
Application review will begin in August 2023 and not before – so there is no rush to apply. Early submission of an application does not lead to an earlier or faster review. Applicants will be notified of their application status by November 2023 and grant awards will be distributed in January 2024.
Grant Amount
TWO TYPES OF GRANTS:
Businesses with 2019 gross revenue between $20k-$50k are eligible to receive $10K grants.
Businesses with 2019 gross revenue of more than $50k are eligible to receive $20K grants.
Businesses located in Cook County with fewer than 20 full-time employees that were in business prior to 2020 are eligible to apply. This opportunity is available for businesses in all sectors.
The program will prioritize businesses:
Located in suburban Cook County
In sectors hardest hit by COVID-19, including:
Owned by veterans.
All are welcome to apply regardless of resident or immigration status
Businesses owners that have applied or received other types of federal, state, county or city grants are eligible to apply.
Any business that applied to the 2022 Cook County Grow Grant will need to submit a new application for The 2023 Source Grant.
