Webinar for the Business Interruption Grant or BIG

COVID-19 Disadvantaged Business Grant Opportunities
Business Interruption Grants Program (BIG)

The Department of Commerce and Economic Opportunity (DCEO) is launching the first round of Business Interruption Grants (BIG) by providing $60 million to businesses experiencing losses or business interruption as a result of COVID-19 related closures. The BIG Program is available for up to 3,500 businesses that experienced a limited ability to operate due to COVID-19 related closures. DCEO will begin distributing funds to qualifying businesses in early July. The total program funding will amount to at least $540 million in grants for small businesses, $270 million of which has been set aside for childcare providers and is funded by the CARES Act.

Specifically, the program includes support for:

•  Businesses located in DIAs Where There Was Recent Property Damage from Civil Unrest - $20 million for businesses that are located in a subset of DIAs that have recently experienced significant property damage, providing 1,000 grants of $20,000 each
• Bars and Restaurants - $20 million for bars and restaurants unable to offer outside service, providing 1,000 grants of up to $20,000*
• Barbershops and Salons - $10 million for barbershops and salons, providing 1,000 grants of $10,000 each
• Gyms and Fitness Centers - $10 million for gyms and fitness centers that have lost significant revenue due to COVID-19, providing 500 grants of  $20,000 each
• Businesses must have been in operation for at least three months prior to March 2020 and must meet specific annual revenue criteria outlined in document below.