Back to Business Program
B2B Program
CSFA Number: 420-27-2679
STATE AGENCY INFORMATION
Agency Name
Department Of Commerce And Economic Opportunity (420)
Agency Contact
PROGRAM INFORMATION
Short Description
The State of Illinois Department of Commerce and Economic Opportunity (DCEO) seeks a grantee(s) to implement and administer the Back to Business (B2B) program. The program was previously under CSFA 420-00-2452, but was broken off and given a new CSFA due to it being ARPA funded. The associated NOSA for this CSFA remains in CSFA 420-00-2452. A successful grantee will be required to provide businesses access to grants through funding rounds designed by the Department under the BIG/B2B program. Note that this will entail receiving what could be tens of thousands of applications including applications in other languages, reviewing them, and processing and providing up to 10,000 or more grants to small businesses in compliance with state and federal funding requirements.
Federal Authorization
ARPA
Illinois Statue Authorization
Public Act 101-0636 and Public Act 101-0637 / Public Act 102-0016 and Public Act 102-0017
Illinois Administrative Rules Authorization
Title 14 Ill. Admin. Code Part 691
Objective
Provide financial assistance to businesses that have experienced significant disruption or temporary closure of their business attributable to the COVID-19 public health emergency.
UGA Program Terms
Information about the Program Specific Terms and requirements can be found within the Notice of Funding Opportunity.
Eligible Applicants
Nonprofit Organizations; For-Profit Organizations;
Applicant Eligibility
Eligible applicants will be able to demonstrate the capacity to administer the B2B program.
Beneficiary Eligibility
N/A
Types of Assistance
Direct Payments for Specific Use
Subject / Service Area
Economic Development
Credentials / Documentation
N/A
Preapplication Coordination
N/A
Application Procedures
Applications are due by deadline identified in the Notice of Funding Opportunity Supplement. All applications received by the deadline will be scored on merit and finalists will be notified via a Notice of State Award.
Criteria Selecting Proposals
N/A
Award Procedures
No Merit review, as it's a renewal. Disbursements via working capital advance (if needed) & reimbursement per submitted financial reports approved
Range of Approval or Disapproval Time
N/A
Renewals
Yes, one renewal year left
Uses and Restrictions
Costs associated with project administration, outreach to minorities and non- or limited English-speaking business owners, to provide financial assistance to businesses that have experienced significant disruption or temporary closure of their business attributable to the COVID-19 public health emergency.
Reports
PFR & PPR on Monthly basis
Records
5-yr records retention policy as referenced in the executed Grant Agreements (per ARPA).
Account Identification
324-42045-4900-0400
Obligations
PY 0 CY 300,000,000 BY 300,000,000
Range and Average of Financial Assistance
N/A
Program Accomplishments
Reimburse COVID expenditures
Regulations, Guidelines, and Literature
N/A
Regional or Local Assistance Location
Statewide
Headquarters Office
500 East Monroe, Springfield IL 62701
Program Website
US Treasury Coronavirus Relief Fund Information: https://home.treasury.gov/policy-issues/cares/state-and-local-governments Federal Authorization - Title The Coronavirus Aid, Relief, and Economic Security Act, Section 5001, Public Law 116-136.
https://www2.illinois.gov/dceo/AboutDCEO/GrantOpportunities/Pages/2560-2019.aspx
FUNDING INFORMATION
Federal Funding
Notice of Funding Opportunities
| Agency ID | Award Range | Application Range |
ACTIVE AWARDS
| Agency ID | Grantee Name | Start Date | End Date | Amount |
| 21-482003 | NCRC Community Development Fund, Inc. | 10/01/2022 | 12/31/2024 | 75,000,000 |
| 21-482004 | NCRC Community Development Fund, Inc. | 10/01/2022 | 12/31/2024 | 50,000,000 |
| 21-482005 | NCRC Community Development Fund, Inc. | 10/01/2022 | 12/31/2024 | 50,000,000 |
| 21-482002 | BSD Capital Inc dba Lendistry | 04/01/2022 | 12/31/2024 | 28,462,425 |