Kane County is now accepting grant applications from businesses under Round Two of its CRF Business Grant Program. The Kane County Board has allocated $5 million for this initiative. In order to be eligible, businesses must be for-profit and have a physical place of business within Kane County. They must have been established on/before January 1, 2020, have experienced a decline in revenue and/or increase in expenses since March 1, 2020, as a result of the COVID-19 pandemic, and be in good standing with federal, state and local standards and requirements. Businesses may apply for up to $25,000 to cover certain operating expenses and costs associated with responding/adapting to the COVID-19 health emergency. The county has streamlined the process for Round Two in order to assist as many businesses as possible. Businesses that participated in Round One may apply under Round Two, provided they have eligible expenses that were not already reimbursed by the county or another source of financial assistance.
Applicants should review the Program Guidelines and Application Instructions for additional terms and conditions. All applications must be completed using the ZoomGrants application portal established for this initiative. Submissions will be reviewed and funds will be awarded on a first-come, first-eligible, first-served basis. While an application deadline has not been established for the Round Two program, the county anticipates closing the application portal when funds are exhausted, or when it is no longer feasible to process applications and issue awards before the end of calendar year 2020. Questions regarding Round Two of the Business Grant Program may be directed to:
Kane County Office of Community Reinvestment