The Cook County Small Business Source proudly 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.
APPLICATION DATES: July 20 – August 18
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.
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.