Thank you for your interest in the Cook County Small Business Source Grow Grant! This opportunity resulted in
nearly 22,000 applications received during the grant period this October, and will ultimately award 2,250 grants.
This program provides grants to small businesses to foster their recovery and resiliency from the pandemic, scale their operations and thrive in Cook County.
Applications have now closed, and are under review. As part of the application review process, your business’ status of Good Standing with the State of Illinois will be reviewed. Click here to search and check your business’ Good Standing status.
The applicant notification period will begin in early 2023.
We know running a small business is hard, and The Source offers no-cost business advising, online resources and informational events to help grow and elevate your business. Check out Cook County Small Business Source for more information.
Here Are The Ways You Can Get Support From
Your participation in business advising sessions and events have no impact on your grant award status.
In-Person And Virtual Events
Check our calendar of no-cost events happening this month and throughout the year!
Group Advising Sessions
Our Business Support Organizations (BSO) will host no-cost group advising sessions. Our expert advisors will lead these sessions that will include a cohort of approximately 10-15 small businesses .
The sessions will focus on timely topics such as:
• Access to Capital
• Tax Preparations
BSO’s will contact you directly with session details.
*Group Advising sessions are for grant applicants only.
Grant Follow-Up FAQs
The Source Grow Grant provides $10,000 grants to small businesses coupled with advising and coaching services. Cook County designed this program to close racial wealth and opportunity gaps and to foster the resiliency of small business.
Currently there is $25.5M. Each grant will be $10,000.
The review process will begin in November. Applicants will be notified of their application status in early 2023 and receive payment 6-8 weeks later.
The grant may be used for business expenses only including payroll, operating expenses, lease or rent payments, and inventory acquisition vital to the business. Funds cannot be used for capital improvements or personal expenses.
No. There will be a total of 2,550 grants awarded and we anticipate that demand will exceed that. Grant applicants may have multiple opportunities to be prioritized in the selection process.
No. Submitting an application will not impact your existing public benefits
Yes, all information contained in this application will remain confidential and will not be shared. Applications are submitted via Smartsheet. Smartsheet uses encryption to ensure your data is protected from unauthorized disclosure. Encrypted connections to the platform can only be made via https with up-to-date TLS versions and AES encryption. Once customer data is in the platform, it is securely protected with AES encryption. To read more about Smartsheet’s security measures, click here.
A feedback system will be put into place to gather relevant data for impact measurement.
Yes. Recipients of a grant award will receive tax information related to their grant proceeds, which will need to be reported on their tax returns. Please consult with a tax professional for additional information.
If an application is incomplete or needs modification, will I be given the opportunity to re-submit my application?
During the application period, if an application needs to be modified or is incomplete, you may submit another application that is a corrected version or a version with all the required documentation. Once the application window is closed on Oct. 31st, no additional applications for any reason will be accepted.
The review process is currently underway and applicants will be contacted when applicable or appropriate.
Business Support Organizations
The Cook County Small Business Source’s Business Support Organizations (BSOs) provide small business owners with the expert advice and assistance they need to succeed through free one-on-one expert business advising.
If you have any questions, contact email@example.com