City of Chicago Small Business and Not-For-Profit Support Grant Program

The Small Business and Not-For-Profit Support Grant Program, initiated by the City of Chicago and funded through the American Rescue Plan Act, aims to provide financial assistance to small businesses and nonprofits. This program is designed to help these entities recover from economic losses sustained due to the COVID-19 pandemic. The City of Chicago, through its Department of Business Affairs and Consumer Protection (BACP), is seeking a qualified organization to administer this $21.5 million grant program. The primary beneficiaries of this grant program are eligible small businesses and nonprofits located within Chicago. The impact goals are centered around stabilizing their operations, supporting their workforce, and mitigating the long-term economic effects of the pandemic. By providing these funds, the program intends to foster economic resilience within the local business and nonprofit ecosystem. The program's priorities and focus are clearly on economic recovery and stability for the most vulnerable sectors affected by the pandemic. The selection of an administering organization will be based on their understanding of the city contractor's needs, the local small business and nonprofit landscape, and the City of Chicago's processes, ensuring efficient and effective distribution of funds. Expected outcomes include a stabilized small business sector and a stronger nonprofit presence in Chicago, both equipped to navigate future economic challenges. Measurable results would likely involve tracking the number of businesses and nonprofits served, jobs retained or created, and the overall economic recovery indicators within the city. While the specific foundation's strategic priorities and theory of change are not explicitly detailed here, the underlying theory is that direct financial support to these entities will lead to broader economic stability and community well-being.