The Cook County Small Business Source proudly introduces The 2023 Source Grant, which will provide $40 Million in grants to small businesses coupled with no-cost advising and coaching services to help stabilize operations, foster recovery and resiliency, and advance equity in a post-pandemic economy.

Businesses located in Cook County with fewer than 20 full-time employees that were in business prior to 2020 are eligible to apply. The program will prioritize businesses:

• Located in suburban Cook County.
• Businesses negatively impacted by COVID in sectors hardest hit by COVID, including Arts & Entertainment; Childcare & Social Assistance; Hospitality, Food & Tourism; Retail Trade; Transportation & Warehousing.
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• $500,000 dedicated to Veteran-owned small businesses.

Based upon the availability of funds, the 2023 Source Grant program will offer two types of grants based on 2019 gross revenue:

• Businesses with 2019 gross revenue between $20k-$50k are eligible to receive a grant in the amount of $10,000.
• Businesses with 2019 gross revenue of more than $50k are eligible to receive a grant in the amount of $20,000.