Cook County has announced the launch of the Cook County COVID-19 Recovery: Small Business Assistance Program. The new effort offers businesses advising, education, and grants designed to help small businesses through the COVID-19 pandemic. This Small Business Assistance Program will offer $12.6 million in grants, in addition to the $10 million distributed by the County's small business loan program.
It is estimated that Cook County businesses will need $510 million to $1.28 billion in the first year of COVID-19 recovery. Of that total, it is estimated that $267 million to $671 million will be needed for business owners of color.
The Cook County COVID-19 Recovery Small Business Assistance program will offer small businesses the following:
Optional educational webinars to assist small businesses think about how to re-position their business towards recovery
One-on-one business advising (also known as technical assistance or ‘TA’ amongst economic development circles) to help small businesses address their unique needs resulting from COVID-19
Standardized curriculum, intake, and other impact measurement tools to ensure continuous program improvement and consistent impact reporting and accountability
Cook County Recovery grants of up to $10,000 for businesses that have seen losses due to COVID-19 in suburban Cook County and the unincorporated areas
For more information about eligibility and program requirements, if you are a Small Business located in either the City of Chicago or suburban Cook interested in receiving business advising, or if you are a Suburban Cook County small business interested in recovery grants please apply and get information at www.cookcountysmallbusinessassistance.com.