Illinois Small Business Grants
With more than $31,485.00 million dollars in grants and additional local government funding sources of $20,941.00 million dollars, the majority of the federal budget in government grants is put into the business sector every year as small businesses and large corporations are the foundation of the economic growth in Illinois. There are 254,007 business establishments in the state of Illinois, and they break down to the following:
Illinois Business Sector Breakdown by Size:
- 153,446 registered businesses in Illinois have 0 to 4 employees. People who work at home with sole proprietorship are included in this breakdown.
- 41,222 registered businesses in Illinois have 5 to 9 employees.
- 25,905 registered businesses in Illinois have 10-19 employees.
- 23,233 registered businesses in Illinois have 20-99 employees.
- 5,832 registered businesses in Illinois have 100 to 499 employees.
- Over 4,369 registered businesses in Illinois have over 500 employees.
Illinois Business Sector Breakdown in Service Industries:
- 38,988 registered businesses in Illinois are in the Professional, Scientific and Technical Services sector.
- 17,140 registered businesses in Illinois are in the Administrative, Support, Waste Management, and Remediation Services sector.
- 26,580 registered businesses in Illinois are in the Accommodation and Food Services sector.
- More than 31,972 registered businesses in Illinois are also service orientated businesses but are not categorized to the above sectors.
If you are in the farming industry, you may be eligible to apply for small business grants as well. There are more than 77,000 farms in the state of Illinois.
Starting and managing a small business in Illinois is not an easy task. Over $233,993,000,000.00 US dollars are paid to employee salaries/payroll alone in the state of Illinois and more than 80,803 businesses declare bankruptcy every single year. Although the federal government does not publically provide grants for starting and expanding a business, in Illinois, some small business grants are given to business owners to start and grow their ventures, and grant recipients do not have to pay back the funding from government. Therefore, it makes sense to look into small business grants as one of your sources to fund your business.
To apply for business grants in Illinois, contact Illinois financial aid agencies.
Small Business Grants in Local States
Recent Business Grant Recipients
|Recipient||Project, Industry, Purpose||Amount|
|Best Boy Productions Ltd
|Project: To hire professional editor
Industry: Professional, Scientific and Technical Services
Purpose: Job Creation
Training / Certification / Wage Support
|Mr John Samms
|Project: Establish a bakery
Industry: Accommodation and Food Services
Manufacturing, Mining and Energy
Retail Trade/ Services
Purpose: New Business Startup
|Eor Information Technologies Limited
|Project: Develop desktop mapping/geographic data management tool
Industry: Information Not Available
Purpose: Research & Development / Patents
|Exploits Adventure Cruises Inc
|Project: To establish a boat tour operation for the bay of exploits
Industry: Arts & Entertainment
Professional, Scientific and Technical Services
Purpose: New Business Startup
|Bgin Lumber Ltd
|Project: Construct warehouse for storage & garage to house vehicles
Industry: Manufacturing, Mining and Energy
Purpose: Renovation / Maintenance / Upgrade