GrantExec

Restaurant Relief Grants

$100,000
Closed
IL
Grant Description

The Rockford Area Convention & Visitors Bureau (RACVB) is offering Restaurant Relief Grants to provide crucial support to restaurants within Rockford and Winnebago County, Illinois. As the official destination marketing and management organization for the region, the RACVB's mission is to promote Rockford as an attractive travel destination and enhance its public image. By providing these grants, the RACVB aligns with its broader mission by ensuring the vitality of local businesses, which are integral to the region's appeal and economic health, directly contributing to a dynamic place to live and work. The primary target beneficiaries of this program are restaurants in Rockford and Winnebago County that experienced increased state unemployment insurance charges due to compliance with indoor dining closure mandates in Q1 of 2021. The impact goal is to mitigate the financial strain on these businesses, helping them to remain operational and recover from the economic challenges presented by the mandates. The grants aim to support the continued existence of these restaurants, which are vital components of the local economy and community fabric. The grant program prioritizes restaurants that can certify their principal place of business is within Winnebago County, Illinois; complied with the indoor dining closure mandates in Q1 2021; laid off staff resulting in increased state unemployment insurance charges; incurred or will incur a higher rate of state unemployment benefit charges in 2022, 2023, and 2024 due to those Q1 2021 charges; and remain operational today. The focus is specifically on businesses that were directly affected by state mandates and are now facing ongoing financial repercussions in the form of higher unemployment benefit charges. Expected outcomes include the sustained operation of a greater number of local restaurants that were impacted by the 2021 dining closures. Measurable results could include the number of restaurants that receive grants, the total amount of funding disbursed, and potentially, the continued employment levels within these businesses over the grant duration. The maximum award a restaurant may receive is $100,000, as set by the State of Illinois, with the total grant size ranging from $10,000 to $100,000. The RACVB's strategic priorities, through this program, likely include economic recovery and resilience for the local hospitality sector, ensuring that Rockford and Winnebago County remain attractive destinations for both residents and visitors. The theory of change suggests that by providing direct financial relief to struggling restaurants, the grants will alleviate a significant financial burden, allowing these businesses to stabilize, retain staff, and contribute to the overall economic well-being and image of the region. This, in turn, supports the RACVB's overarching goal of promoting and enhancing the Rockford region.

Funding Details

Award Range

Not specified - $100,000

Total Program Funding

$1,500,000

Number of Awards

Not specified

Matching Requirement

No

Eligibility

Eligible Applicants

Small businesses

Additional Requirements

The funding will provide vital relief to restaurants in Rockford and Winnebago County that suffered skyrocketing unemployment insurance rates resulting from state-mandated closures during the first quarter of 2021.

Geographic Eligibility

Winnebago County (IL)

Key Dates

Application Opens

August 17, 2024

Application Closes

August 30, 2024

Contact Information

Grantor

Rockford Area Convention & Visitors Bureau

Phone

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