Grant Follow-Up

Thank you for your interest in the Cook County Small Business Source Grow Grant. 

The Source Grow Grant program received nearly 22,000 applications during the submission period in October 2022, and we are now in the final stages of the approval process. We will send notifications about the awards before the end of February 2023*.

The Grow Grant will provide 2,550 small business owners with $10,000 each in grant awards. Cook County hopes these awards will drive businesses from recovery to resiliency and help with scaling your operations, putting you in a position to thrive in Cook County.

*All applicants should have received the above messaging directly to the email address listed during the application process. If you did not, please make sure to check your junk/spam filters and save info@cookcountysmallbiz.org as a trusted email. Final award notifications will come to you via this same email address.

The Source is Here to Help

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. Visit Cook County Small Business Source for more information.

Your participation in business advising sessions and events have no impact on your grant award status.

What Is The Cook County Small Business Source Grow Grant (“The Source Grow Grant”)?

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.

How much funding is available?

Currently there is $25.5M. Each grant will be $10,000. 2,550 grants will be awarded to Cook County small businesses.

When will grant recipients receive notifications of their grant award?

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.

How may grant funds be used?

The grant may be used for business expenses only. This includes payroll, operating expenses, lease or rent payments, and inventory acquisition vital to the business. Funds cannot be used for capital improvements or personal expenses.

Will all eligible applicants receive grant dollars?

No. Only 2,550 grants will be awarded.

Will my application impact my existing public benefits or eligibility?

No. Submitting an application will not impact your existing public benefits.

Will my information be kept confidential and secured?

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.

Are grant proceeds taxed?

Yes. Grant recipients must report grant proceeds in the calendar year they are received. Our grant administrators will provide grant recipients with the necessary documentation to complete their tax returns on a timely basis. 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.

What if I never received a confirmation email? How can I confirm my application submission?

You may email: info@cookcountysmallbiz.org to inquire/confirm about whether or not your application was received.

Can I withdraw my application?

You can withdraw your application by emailing: info@cookcountysmallbiz.org

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.

Questions?

If you have any questions, contact info@cookcountysmallbiz.org