Illinois Bars, Restaurants and Hotels Receive Grants for Working Capital

Illinois Bars, Restaurants and Hotels Receive Grants for Working Capital

SPRINGFIELD (AP) – Gov. J.B. Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO), in partnership with Accion Serving Illinois and Indiana, awarded $14 million in small grants to over 700 small bars, restaurants, and hotels.

12,000 businesses applied for funding and grantees were selected via a random lottery conducted by Accion. More than 450 bars and restaurants received an average grant of roughly $14,000, while hotels received an average grant of $30,000.

The grants can be used to support working capital like payroll and rent, job training, and technology to support shifts in operations including increased use of carry out and delivery.

Awards for the Hospitality Emergency Grant Program were drawn from existing DCEO funds budgeted for tourism promotion, job training, and general operations.

Approximately one-third of the businesses receiving grants are located outside of Cook and the collar counties.

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