Illinois DCEO Announces $25 Million B2B NewBiz Grant Program

The Illinois Department of Commerce and Economic Opportunity (DCEO) has allocated $25 million in grant funding through the Back to Business (B2B) NewBiz program to support businesses established in 2020 and 2021.

Program Highlights:

  • Grant Amounts: Eligible businesses from 2020 or 2021 can secure grants of up to $30,000.

Key Dates:

  • Application Period: Open from November 30, 2023, to January 11, 2024.
  • Awards Announcement: Expected in the weeks following the January 11, 2024, deadline.

Eligibility Criteria:

  • Established between January 2020 and December 2021.
  • Operates in an industry significantly affected by the pandemic or initiated by individuals who became unemployed during the pandemic.

Application Procedure:

  •  Detailed information and the application process can be accessed at b2bnewbiz.com.