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Cook County Small Business Source Grant

The Cook County Small Business Source today introduces The 2023 Source Grant, which will provide $40 Million in grants to small businesses to help stabilize operations, foster recovery and resiliency, and advance equity in a post-pandemic economy.

 

$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.

 

Applications are open until
Friday, August 18 at 11:59 p.m.

Apply Here | Aplicar Aqui

 

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.

We Are Here To Help

We're available to assist you with any inquiries or applications you may have. Contact us at 847-741-5660 or email us!

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Grant Amount

Two Types of Cook County Small Business Source 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.

Who Can Apply

Businesses located in Cook County with fewer than 20 full-time employees that were in business prior to 2020 are eligible to apply.

The program will prioritize businesses:

1) Located in suburban Cook County

2) In sectors hardest hit by COVID-19, including:

    • Arts & Entertainment;
    • Childcare & Social Assistance;
    • Hospitality, Food & Tourism;
    • Retail Trade;
    • Transportation & Warehousing.

3) Owned by veterans.

All are welcome to apply regardless of resident or immigration status.

Business owners that have applied for 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.

Applicants for The 2023 Source Grant are required to provide five documents: a Photo ID, a 2019 Federal Tax Return, a 2022 Federal Tax Return, a W-9 and provide proof of Good Standing (if applicable) with the State of Illinois.

 

We want to see YOUR business thrive

Too many organizations struggle to flourish without adequate support and resources.  Don’t let your business be one of them.

Become A Member

Tips For A Successful Application for the Cook county Small Business Source Grant:

  • Every application must include a
    • photo ID,
    • 2019 Tax return,
    • 2022 tax return,
    • W-9, and
    • Certificate of Good Standing with the State of Illinois.

or it will be considered incomplete.

  • Please make sure you have all of your documents assembled ahead of time!
  • Once you start the application, you cannot return to the application to edit or attach documentation.
  • Incomplete applications will not be reviewed.

Find more details on The Source Grant here.