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File #: 21-3968    Version: 1 Name: Small Business Community Navigator Program grant
Type: Grant Award Status: Approved
File created: 6/28/2021 In control: Board of Commissioners
On agenda: 7/29/2021 Final action: 7/29/2021
Title: PROPOSED GRANT AWARD Department: Bureau of Economic Development Grantee: Bureau of Economic Development Grantor: State of Illinois Department of Commerce and Economic Opportunity (DCEO) Request: Authorization to accept grant Purpose: To use the Small Business Community Navigator Program grant to expand Cook County's Small Business Assistance Program to further support businesses recovering from the COVID-19 pandemic. Grant Amount: $744,600.00 Grant Period: 7/1/2021 - 12/31/2021 Fiscal Impact: "None" (Pass-through Funding) Accounts: The account string where cash match requirement, if applicable, is funded, in following format: Fund.Office.Object Account, Object Account Description. Concurrences: The Budget Department has received all requisite documents and determined the fiscal impact on Cook County, if any. Summary: Cook County launched the Cook Country COVID-19 Recovery Small Business Assistance program to meet those needs and support small bus...
Indexes: XOCHITL FLORES, Chief, Bureau of Economic Development
title
PROPOSED GRANT AWARD

Department: Bureau of Economic Development

Grantee: Bureau of Economic Development

Grantor: State of Illinois Department of Commerce and Economic Opportunity (DCEO)

Request: Authorization to accept grant

Purpose: To use the Small Business Community Navigator Program grant to expand Cook County's Small Business Assistance Program to further support businesses recovering from the COVID-19 pandemic.

Grant Amount: $744,600.00

Grant Period: 7/1/2021 - 12/31/2021

Fiscal Impact: "None" (Pass-through Funding)

Accounts: The account string where cash match requirement, if applicable, is funded, in following format: Fund.Office.Object Account, Object Account Description.

Concurrences:
The Budget Department has received all requisite documents and determined the fiscal impact on Cook County, if any.

Summary: Cook County launched the Cook Country COVID-19 Recovery Small Business Assistance program to meet those needs and support small businesses under the mantra of "Together We Thrive." Our goal was to assist Cook County small business owners, ensuring that they were prepared to rebound from the impacts of the pandemic and emerge stronger than before. Along with 35+ partners across the entrepreneurial ecosystem, we have served 2,700+ small businesses with grants and/or technical assistance to date to support their recovery in response to COVID-19.
With the Small Business Community Navigator Program support, we will expand an already successful and proven Business Assistance program model to reach additional entrepreneurs, further build the capacity of our technical assistance partners, and ensure that businesses have access to all the local, state, and federal resources available to businesses during this challenging recovery period.

IL Community Navigator funding will build upon the County's CRF investments, leverage the existing infrastructure of the County's Small Business Assistance Program and provide ...

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