Pritzker Administration Readies $175M of Grants for Hard-Hit Hotels, Restaurants, Theaters
Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) on Tuesday announced $175 million in available grant funding through the Back to Business (B2B) program. The latest American Rescue Plan Act (ARPA) -funded opportunity is designed to provide additional support for the hardest-hit sectors, including restaurants, hotels and businesses or organizations in the creative arts sector.
The program design is based on legislation establishing the Restaurant Employment and Stabilization Grant Program ($50 million), the Hotel Jobs Recovery Grant Program ($75 million) and the Illinois Creative Recovery Grant program ($50 million). The funding is designed to offset losses and support job retention in the hardest-hit industries. Grant applications open April 5.
“Illinois’ businesses have made a strong recovery since the most difficult times of the pandemic and we’re proud to build upon that progress through additional support for hard-hit industries,” said DCEO director Kristin A. Richards.