COOK COUNTY - Cook County Board President Toni Preckwinkle calls it "life changing for thousands of small business owners in Cook County."
The "Grow Grant" program will distribute $71 million to small businesses through 2026.
Preckwinkle says this year's program alone will distribute $25 million, funded through the federal American Rescue Plan.
Small businesses will each receive $10,000 if they have fewer than 20 employees and can demonstrate a negative impact from the pandemic.
Priority will be given to businesses owned by minorities, women, LGBTQ and people with disabilities.
Small business owners have from October 3 through November 1 to apply for the grants.