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PROPOSED GRANT AWARD AMENDMENT
Department: Bureau of Economic Development
Grantee: Office of Economic Development
Grantor: State of Illinois, Department of Commerce and Economic Opportunity
Request: Authorization to increase grant by $325,000.00.
Purpose: Cook County will continue to serve as a “Hub” under the 2023 State of Illinois DCEO Small Business Community Navigator Program and engage organizations in the County’s small business network to serve as “Spokes” and provide direct assistance to small businesses that wish to apply to the new upcoming programs in 2023: Restaurant Employment and Stabilization Grant, Hotel Jobs Recovery Grant and the Illinois Creative Recovery Grant
Supplemental Grant Amount: $325,000.00
Grant Period: Original: 7/1/2021 - 12/31/2022
Extension Period: 1/1/2023 - 6/30/2023
Fiscal Impact: $308,054.00 is a pass-through and $16,946.00 (salary and fringe) supports BED’s staff time dedicated to the grant for the period of 3/1/2023 - 6/30/2023
Accounts:
Fund Office Program Object Account Description
11900 1027 54195 501010 Sal/Wages of Reg Employees
11900 1027 54195 501279 Pension
11900 1027 54195 501511 Mandatory Medicare Cost
11900 1027 54195 501541 Workers' Compensation
11900 1027 54195 501590 Group Life Insurance
11900 1027 54195 501610 Group Health Insurance
11900 1027 54195 501640 Group Dental Insurance
11900 1027 54195 501660 Unemployment Compensation
11900 1027 54195 501690 Vision Care
11900 1027 54195 501715 Group Pharmacy Insurance
11900 1027 54195 520830 Professional Services.
Date of Previous Board Authorization for Grant: 7/29/2021
Previous Grant Amount: $744,600.00
Concurrences:
The Budget Department has received all requisite documents and determined the fiscal impact on Cook County, if any.
Summary: Cook County will continue to serve as a “Hub” under the 2023 State of Illinois DCEO Small Business Community Navigator Program and engage business support organizations in the County’s small business network to serve as “Spokes” and provide direct assistance to small businesses that wish to apply to the new upcoming grant programs planned by the State of Illinois 2023; Restaurant Employment and Stabilization Grant, Hotel Jobs Recovery Grant and the Illinois Creative Recovery Grant
The reason for the amendment is that the State has extended the program and plans to launch three additional small business grant programs and will utilize the Hub and Spoke network of organizations that it created in 2021 and 2022 for the Back2Business program. The additional funds will support program coordination, marketing, BED staff time and the following 10 Spokes: Chicago Urban League, Illinois Restaurant Association, Elgin Area Chamber of Commerce, Far South Community Development Corporation, Greenwood Archer Capital, Ignite Technology and Innovation, Schaumburg Business Association, South East Chicago Commission, South Shore Chamber of Commerce and West Suburban Chamber of Commerce & Industry
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