Illinois Small Business Grants

Illinois Small Business Grants

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Last Updated on August 23, 2023 by Hannah Stevens

The federal government spends more than $31,485.00 million dollars annually in grants and other funding sources from local governments of $20,941.00 million dollars. This is because small and large businesses are the backbone of Illinois’ economic growth. The state of Illinois has 254,007 business establishments and are broken down into the following:

Illinois Business Sector Breakdown by Size:

  • 153,446 businesses in Illinois have between 0 and 4 employees. This breakdown includes those who work from home as sole proprietors.
  • 41,222 businesses in Illinois have between 5 and 9 employees.
  • 25,905 businesses in Illinois have between 10 and 19 employees.
  • 23,233 businesses in Illinois have between 20 and 99 employees.
  • 5,832 businesses in Illinois have between 100 and 499 employees.
  • Over 4,369 businesses in Illinois have over 500 employees.

Illinois Business Sector Breakdown in Service Industries:

  • The Professional, Scientific and Technical Services sector have 38,988 Illinois Businesses under its registry
  • The Administrative, Support, Waste Management, and Remediation Services sector have 17,140 Illinois Businesses under its registry
  • The Accommodation and Food Services sector have 26,580  Illinois Businesses under its registry
  • Illinois has more than 31,972 registered companies. They are service-oriented businesses that are not yet included in the above categories.

You may also be eligible for grants for small businesses if you work in the agriculture industry. Illinois has more than 77,000 farms.

Small Businesses in Illinois

It is difficult to start and manage a small business here in Illinois. In Illinois, more than $233,993,000,000.00 US Dollars are spent on employee salaries/payroll. Every year, more than 80,803 companies declare bankruptcy. The federal government doesn’t provide grants to expand or start businesses, but in Illinois small business grants are available to help business owners grow and start new ventures. Grant recipients don’t have to repay the government funding. It is worth looking into small business grants to help fund your business.

Contact Illinois financial assistance agencies to apply for business grants.

Recent State Funding Opportunities

Below is a list of opportunities recently published in the local state:

FUNDING NUMBERFUNDING TITLE
HHS 2021 ACF OHS CH R05 1970Head Start and/or Early Head Start Grantee — Communities in the state of Illinois
HHS 2021 ACF OHS CH R05 1866Head Start/Early Head Start Grantee — Communities in the state of Illinois
HHS 2020 ACF OHS CH 1818Head Start and/or Early Head Start Expansion – Alabama, Arkansas, California, Colorado, Georgia, Illinois, Kansas, Michigan, Mississippi, New Jersey, New York, Ohio, Oklahoma, and South Carolina
USGS 20 FA 0263NOTICE OF INTENT: Collaboration and Colocation between the USGS CMWSC and the Univeristy of Illinois
HHS 2020 ACF OHS CH R05 1662Head Start and/or Early Head Start Grantee — Boone, Dekalb, Grundy, Kane, and Kendall Counties, Illinois
HHS 2020 ACF OHS CH R05 1649Head Start and/or Early Head Start Grantee — Lake County, Illinois
HHS 2020 ACF OHS CH R05 1742Head Start and/or Early Head Start Grantee — Jackson and Williamson Counties, Illinois
HHS 2020 ACF OHS CH R05 1631Head Start and/or Early Head Start Grantee — Cook County, Illinois with the exception of the City of Chicago
HHS 2020 ACF OHS CH R05 1659Head Start and/or Early Head Start Grantee — St. Clair County, Illinois
HHS 2020 ACF OHS HP R05 1629Early Head Start Expansion and Early Head Start-Child Care Partnership Grants – Cook County, Illinois with the exception of the City of Chicago

You can also find Idaho small business grants and Indiana small business grants on our site.

Hannah Stevens
Hannah Stevens