Illinois to get more than $350M in federal funding to support small businesses – WAND (Decatur)

The State Small Business Credit Initiative was reauthorized as part of the American Rescue Plan Act (ARPA),with Illinois eligible to receive up to $354.6 million. Said DCEO Director Sylvia Garcia, “With a focus on equity, these programs will help hundreds of Illinois businesses in communities across the state – especially those who have historically encountered barriers to accessing capital.”