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BEGIN:VEVENT
DTSTART:20200707T143000Z
DTEND:20200707T170000Z
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SUMMARY:Webinar for the Business Interruption Grant or BIG
DESCRIPTION:COVID-19 Disadvantaged Business Grant Opportunities\n\nBusiness Interruption Grants Program (BIG)\n\n\n\nThe Department of Commerce and Economic Opportunity (DCEO) is launching the first round of Business Interruption Grants (BIG) by providing $60 million to businesses experiencing losses or business interruption as a result of COVID-19 related closures. The BIG Program is available for up to 3\,500 businesses that experienced a limited ability to operate due to COVID-19 related closures. DCEO will begin distributing funds to qualifying businesses in early July. The total program funding will amount to at least $540 million in grants for small businesses\, $270 million of which has been set aside for childcare providers and is funded by the CARES Act.\n\n\n\nSpecifically\, the program includes support for:\n\n	 Businesses located in DIAs Where There Was Recent Property Damage from Civil Unrest - $20 million for businesses that are located in a subset of DIAs that have recently experienced significant property damage\, providing 1\,000 grants of $20\,000 each\n	Bars and Restaurants - $20 million for bars and restaurants unable to offer outside service\, providing 1\,000 grants of up to $20\,000*\n	Barbershops and Salons - $10 million for barbershops and salons\, providing 1\,000 grants of $10\,000 each\n	Gyms and Fitness Centers - $10 million for gyms and fitness centers that have lost significant revenue due to COVID-19\, providing 500 grants of  $20\,000 each\n	Businesses must have been in operation for at least three months prior to March 2020 and must meet specific annual revenue criteria outlined in document below.\n\n\n\nWHEN AND WHERE TO APPLY: DCEO will accept applications from June 26th until 5:00pm on July 7th. The application submission portal will be posted on this webpage. Until the 26th\, DCEO is posting the application questions and required documents for businesses and business support organizations to read\, review and prepare.  *While a portion of funds are reserved for businesses located in DIAs\, the following business types in non-DIA locations are also eligible to apply for assistance: bars and restaurants\; barbershops and salons\; gyms and fitness centers.
X-ALT-DESC;FMTTYPE=text/html:<span style="font-size:12px\;"><span style="font-family:arial\;"><span style="color: rgb(0\, 0\, 0)\;">COVID-19 Disadvantaged Business Grant Opportunities</span><br style="color: rgb(0\, 0\, 0)\; font-family: monospace\; font-size: 12.09px\;" />\n<span style="color: rgb(0\, 0\, 0)\;">Business Interruption Grants Program (BIG)</span><br />\n<br style="color: rgb(0\, 0\, 0)\; font-family: monospace\; font-size: 12.09px\;" />\n<span style="color: rgb(0\, 0\, 0)\;">The Department of Commerce and Economic Opportunity (DCEO) is launching the first round of Business Interruption Grants (BIG) by providing $60 million to businesses experiencing losses or business interruption as a result of COVID-19 related closures. The BIG Program is available for up to 3\,500 businesses that experienced a limited ability to operate due to COVID-19 related closures. DCEO will begin distributing funds to qualifying businesses in early July. The total program funding will amount to at least $540 million in grants for small businesses\, $270 million of which has been set aside for childcare providers and is funded by the CARES Act.</span><br style="color: rgb(0\, 0\, 0)\; font-family: monospace\; font-size: 12.09px\;" />\n<br style="color: rgb(0\, 0\, 0)\; font-family: monospace\; font-size: 12.09px\;" />\n<span style="color: rgb(0\, 0\, 0)\;">Specifically\, the program includes support for:</span></span></span>\n<ul>\n	<li><span style="font-size:12px\;"><span style="font-family:arial\;"><span style="color: rgb(0\, 0\, 0)\;">&nbsp\;Businesses located in DIAs Where There Was Recent Property Damage from </span></span></span><span style="font-size:12px\;"><span style="font-family:arial\;"><span style="color: rgb(0\, 0\, 0)\;">Civil Unrest - $20 million for businesses that are located in a subset of DIAs&nbsp\;</span></span></span><span style="font-size:12px\;"><span style="font-family:arial\;"><span style="color: rgb(0\, 0\, 0)\;">that</span></span></span>&nbsp\;<span style="font-size:12px\;"><span style="font-family:arial\;"><span style="color: rgb(0\, 0\, 0)\;">have recently experienced significant property damage\, providing 1\,000 </span></span></span><span style="font-size:12px\;"><span style="font-family:arial\;"><span style="color: rgb(0\, 0\, 0)\;">grants of $20\,000 each</span></span></span></li>\n	<li><span style="font-size:12px\;"><span style="font-family:arial\;"><span style="color: rgb(0\, 0\, 0)\;">Bars and Restaurants - $20 million for bars and restaurants unable to offer </span></span></span><span style="font-size:12px\;"><span style="font-family:arial\;"><span style="color: rgb(0\, 0\, 0)\;">outside service\, providing 1\,000 grants of up to $20\,000*</span></span></span></li>\n	<li><span style="font-size:12px\;"><span style="font-family:arial\;"><span style="color: rgb(0\, 0\, 0)\;">Barbershops and Salons - $10 million for barbershops and salons\, providing </span></span></span><span style="font-size:12px\;"><span style="font-family:arial\;"><span style="color: rgb(0\, 0\, 0)\;">1\,000 grants of $10\,000 each</span></span></span></li>\n	<li><span style="font-size:12px\;"><span style="font-family:arial\;"><span style="color: rgb(0\, 0\, 0)\;">Gyms and Fitness Centers - $10 million for gyms and fitness centers that&nbsp\;</span></span></span><span style="font-family: arial\; font-size: 12px\; color: rgb(0\, 0\, 0)\;">have lost significant revenue due to COVID-19\, providing 500 grants of&nbsp\;</span>&nbsp\;<span style="font-size:12px\;"><span style="font-family:arial\;"><span style="color: rgb(0\, 0\, 0)\;">$20\,000 each</span></span></span></li>\n	<li><span style="font-size:12px\;"><span style="font-family:arial\;"><span style="color: rgb(0\, 0\, 0)\;">Businesses must have been in operation for at least three months prior to March 2020 and must meet specific annual revenue criteria outlined in document below.</span></span></span></li>\n</ul>\n<br />\n<span style="font-size:12px\;"><span style="font-family:arial\;"><span style="color: rgb(0\, 0\, 0)\;">WHEN AND WHERE TO APPLY: <strong><a href="https://www2.illinois.gov/dceo/SmallBizAssistance/Pages/C19DisadvantagedBusGrants.aspx">DCEO</a></strong> will accept applications from June 26th until 5:00pm on July 7th. The application submission portal will be posted on this webpage. Until the 26th\, <strong><a href="https://www2.illinois.gov/dceo/SmallBizAssistance/Pages/C19DisadvantagedBusGrants.aspx">DCEO</a></strong> is posting the application questions and required documents for businesses and business support organizations to read\, review and prepare. &nbsp\;*While a portion of funds are reserved for businesses located in DIAs\, the following business types in non-DIA locations are also eligible to apply for assistance: bars and restaurants\; barbershops and salons\; gyms and fitness centers.</span></span></span>
LOCATION:Webinar Register Here
UID:e.693.12975
SEQUENCE:3
DTSTAMP:20260530T200504Z
URL:https://www.ivaced.org/events/details/webinar-for-the-business-interruption-grant-or-big-12975
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