Illinois Small Business Grants & Funding Programs
Illinois supports small businesses through the Department of Commerce and Economic Opportunity (DCEO), Intersect Illinois, and numerous local programs. Chicago and other major cities offer additional grant opportunities for entrepreneurs.
DCEO Programs
The Illinois DCEO offers various grant programs including the Advantage Illinois program, Small Business Development Loan program, and industry-specific incentives for manufacturing and technology companies.
Chicago Business Grants
Chicago offers numerous small business programs including the Chicago Small Business Resiliency Fund, Neighborhood Opportunity Fund, and various TIF district incentives for qualifying businesses.
Regional Programs
Illinois regions outside Chicago have their own economic development programs. Intersect Illinois can connect businesses with regional grants, tax incentives, and workforce training funds.
Illinois Business Grants
120 grants found
Community Facilities Direct Loan & Grant Program
Provides year‑round funding to rural public bodies, nonprofits, and tribes for constructing, purchasing, or improving community facilities, covering up to 75% of eligible costs.
The Big Idea Grant
Provides $1,000 to women entrepreneurs along with mentorship, resources, and a wealth‑mindset coaching group.
Amber Grant Foundation
Awards a series of grants to women entrepreneurs, including a $10,000 monthly grant, three $25,000 annual grants, and additional $10,000 category grants each month.
Small Business Readiness for Resiliency Program
Provides emergency funding and resources to help small businesses prepare for and recover from natural disasters.
Skip Instant Grants
Offers funding opportunities announced a few days in advance, typically twice a week, with deadlines on Tuesdays and Fridays; applicants must participate in a YouTube livestream.
Hustler's Microgrant
Provides $1,000 in funding to support passionate entrepreneurs in their small business ventures across the United States.
The Freed Fellowship Grant
Offers a monthly $500 grant to U.S. small business owners, plus a two‑month free membership in the Freed Studio and an end‑of‑year grant of $2,500.
Awesome Foundation Grants
Monthly grants of $1,000 awarded by independent chapters to individuals and groups for various projects, including startups and small businesses.
500 Global Flagship Accelerator
A four‑month accelerator program based in San Francisco that provides a $150,000 investment to participating startups and small businesses.
U.S. Small Business Administration State Trade Expansion Program (STEP)
Assists small businesses that want to export products by providing financial assistance for trade missions, shows, website development, and international marketing.
U.S. Department of Agriculture Rural Development Business Programs
Offers loans, grants, and guarantees to promote rural business growth and job creation.
Federal and State Technology (FAST) Partnership Program
One‑year funding opportunity for organizations to execute state/regional programs that increase the number of SBIR/STTR proposals and awards, and better prepare awardees for commercial success.
Frequently Asked Questions
Common questions about business grants in Illinois