About The Business Resiliency Grant – Illinois

The Business Resiliency Grant program is aimed at encouraging the growth, expansion, and sustainability of existing businesses through matching grants of up to $5,000. This grant is specifically limited to customer-facing, sales tax-producing entities in Libertyville, Illinois. The program offers a wide range of potential uses for the funds, including the development of online sales platforms, marketing programs, equipment acquisition, and sustainable enhancements.

Eligible projects for the grant include expanding program offerings, adding product lines, improving operational efficiencies, developing new digital advertising campaigns, and purchasing new permanent outdoor offerings. General operational, maintenance, or replacement costs, however, are not eligible for funding. The program emphasizes the need for businesses to demonstrate how the proposed use of funds will meet the program’s objectives.

Important Details

• Application Deadline: April 1, 2025
• Link to Application: Apply Here
• Donor Name: Village of Libertyville
• State: Illinois
• Grant Duration: Not Mentioned
• Grant Amount: $1,000 to $10,000
• Qualification Criteria:
  • Business must have been in operation within the Libertyville municipal limits for at least one year
  • Must have an approved application for occupancy on file
  • Must produce sales tax collected by Libertyville
  • Must have a significant portion of operations derived from walk-in customer traffic
  • Not operate as a home-based business
  • Not be identified as a not-for-profit entity
  • Have a minimum 2-year lease remaining from application date
  • May be required to meet with a counselor of the IL Small Business Development Center (SBDC) at the College of Lake County (CLC) to develop/refine a business or marketing plan as a condition of receiving reimbursement

Taking Action

It’s crucial to take prompt action to leverage this grant opportunity. Ensure your application is complete and submitted before the deadline. Sharing this information with your network of Latino businesses can help strengthen the community and provide much-needed support for local enterprises. Don’t miss out on this chance to enhance and grow your business.