State offering grant money for small businesses

MACOMB, Ill. (NEWS3) — Local business owners have a chance to get their hands on some grant money in light of the coronavirus pandemic.

Macomb city officials said the state has established the Downstate Small Business Stabilization Grant program with $20 million available in Community Development Block Grant funding.

Officials said the grant is for 60 days of working capital and will offer up to $25,000 for non-essential businesses, restaurants and bars.

Macomb city leaders said they will assist small business owners in town to apply for the grant.

Anyone interested is asked to look over the grant materials and call Macomb Community Development Coordinator John Bannon at 309-833-4944 before beginning the application. For more information click here.

Last month, Gov. J.B. Pritzker announced more than $90 million in emergency relief programs to provide loans and grants to small businesses particularly outside of Chicago. For more information click here.

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