Section 691.10 Purpose
IllinoisRegulations
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Illinois Administrative Code › Title 14 COMMERCE SUBTITLE C: ECONOMIC DEVELOPMENT › CHAPTER I: DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY › Part 691 BACK TO BUSINESS GRANT PROGRAM › Section 691.10 Purpose
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Section 691.10 Purpose
The purpose of the Back to Business Grant Program ("Program")
is to provide financial support to for-profit businesses or not-for-profit
organizations that have experienced economic harm, financial hardship,
or
other adverse conditions due to the COVID-19 public health emergency
[20
ILCS 605/605-1050]. In this Part, financial assistance provided through the
Program shall be consistent with the requirements of the Coronavirus State
Fiscal Recovery Fund ("CSFRF") implemented by Section 602 of Title VI
of the federal Social Security Act (42 U.S.C. 802 et seq.) and any rules or
guidance issued by the U.S. Department of the Treasury (including, but not
limited to https://www.govinfo.gov/content/pkg/FR-2021-05-17/pdf/2021-10283.pdf
and https://home.treasury.gov/system/files/136/SLFRPFAQ.pdf), the Department of
Commerce & Economic Opportunity ("DCEO"), and any other
applicable State and federal agency. 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. Assistance may be
used to adopt safer operating procedures, weather periods of closure, or
mitigate financial hardship resulting from the COVID-19 public health
emergency. DCEO will identify how the Program addresses the identified need or
impact faced by small businesses. The Program may utilize a series of funding
opportunities.
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