Illinois SBDC receives CARES Act COVID-19 Supplementary Funding

BY CAYSON FRERICHS, WEATHER ANCHOR & NEWS REPORTER

MACOMB, Ill (NEWS3) – The Illinois Small Business Development Center at Western Illinois University is receiving extra funding due to COVID-19.

The SBDC, which is funded through the Department of Commerce and Economic Opportunity, secured $92,000 in additional funding through the CARES Act. This will go towards assisting small businesses trying to start or re-open during the Coronavirus Pandemic.

“There are a lot of businesses that need more in-depth help than what we are really skilled at,” James Boyd, SBDC Program Director, said. “So we’ve taken the money and said we want to contract with what we call subject matter experts, and we will actually pay for some preliminary guidance from that company directly for the client.”

This means that small businesses will not be directly receiving money from the CARES Act Supplementary funding.

“The way the grant fund is set up, we cannot issue direct funds to the small businesses,” Boyd Said. 

The grant money instead will go towards online workshops for small businesses. Direct one-on-one assistance will be available with local and regional experts in digital marketing, web design, graphic design, bookkeeping and other business topics.

The funding from the CARES Act will make it possible for the SBDC to offer a portion of these services at no charge. 

Boyd said the COVID-19 assistance is available to current clients as well as new clients. 

If you wish to receive assistance you can email the SBDC at sb-center@wiu.edu or call (309) 298-3040, or go to wiusbdc.org