Nearly five dozen Illinois small businesses, including more than 50 businesses in Chicago, were selected for the Rebuild Distressed Communities program's first round of grant funding, totaling $1.7 million, State officials have announced.
The 58 recipients, which include small and family-owned businesses, medical offices, restaurants, retail stores and businesses in other industries, faced significant damages following civil unrest in 2020. Funding was used to reimburse businesses for expenses such as repair-related construction work, insurance deductibles and damage costs.
"The Rebuild Distressed Communities program was developed to help these business owners overcome costs that are too difficult to muster alone, funding storefront repairs and bringing back services that communities depend on," Illinois Gov. J.B. Pritzker said in a news release. "And in recognition of the fact that many of these same communities faced greater injustice and economic distress long before there was a COVID-19, in the coming weeks we’ll launch another $10 million in capital funds to help build back commercial corridors and provide more opportunity, stability, and jobs for residents left with less for far too long.”