IHCC Small Business Microgrant
IHCC Small Business Microgrant
Illinois Hispanic Chamber of Commerce
ABOUT THE GRANT
The IHCC Small Business Microgrant provides Illinois small businesses affected by federal immigration enforcement activities with grants of $5,000 to help cover essential business expenses such as rent, employee wages, and inventory. Administered by the IHCC Foundation, the 501(c)(3) arm of the Illinois Hispanic Chamber of Commerce, and supported by the Searle Funds at The Chicago Community Trust, the program is part of the IHCC's broader Resilient Communities Initiative, which is focused on helping small businesses in immigrant-heavy communities across Chicago and the suburbs weather reduced foot traffic, staff shortages, and other operational disruptions.
A total of 52 grants of $5,000 each are being distributed across three phases of funding, with each phase focused on specific communities throughout Chicagoland to equitably disperse funds across affected areas. Recent and upcoming phases have prioritized businesses located in Pilsen, Brighton Park, McKinley Park, Archer Heights, Back of the Yards, Little Village, Chicago Lawn, West Lawn, Berwyn, and Cicero.
To qualify, businesses must have been in operation for at least two years, be registered with the State of Illinois (either as an LLC in good standing or as a sole proprietor registered with the city or municipality), have 10 or fewer employees, and submit a copy of their business license. Only one business or location per owner is eligible. As part of the application, businesses must submit a written explanation (100 to 250 words) describing how the actions of immigration authorities have affected their business, including any documented loss of income and specific timelines (reduced foot traffic, drop in sales, reduced hours, event cancellations, or similar impacts). The strongest applications are those that clearly describe how the business was directly affected via loss of revenue.
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NOTES
We haven't added commentary on this grant yet. In the meantime, the fundor's website (linkeded above) is the best source for application details and eligibility specifics.
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