Section 690.10 Purpose

Section 690.10  Purpose

The purpose of the Business Interruption Grant Program (BIG)

is

to provide financial support to businesses that have experienced

interruption of business or other adverse conditions attributable to the

COVID-19 public health emergency

[20 ILCS 605/605-1050]. Financial

assistance provided through BIG shall be consistent with the requirements of section

5001 of the federal Coronavirus Aid, Relief, and Economic Security Act (P.L.

116-136) and any rules or guidance issued by the U.S. Department of the

Treasury or other responsible federal agency. The provision of support to

for-profit and not-for-profit businesses that have experienced adversity

attributable to the COVID-19 epidemic is necessary response to the public health

emergency. Financial assistance shall be prioritized for communities most in

need of assistance, as determined by numbers or rates of infection and economic

measures identified in this Part. BIG will be implemented in multiple phases of

funding.