Business View Civil and Municipal | February 2021

37 CIVIL AND MUNICIPAL FEBRUARY 2021 INTERSECT I LL INOI S • FAST TRACK CAPITAL - $25 million to help local governments and municipalities accelerate planned construction projects • HOSPITALITY EMERGENCY GRANT PROGRAM - $14 million deployed to 700 restaurants, taverns and hotels statewide In addition, Illinois’ business, innovation, and academic communities have made an impact, developing vaccines, treatments, and manufacturing face masks and PPE. Examples include: • Illinois-based Abbott is distributing six different COVID-19 tests under FDA emergency use authorization • AbbVie has engaged in new partnerships and research to advance therapeutic development • A group from leading Chicago incubators mHUB, 1871, MATTER created the Chicago programs • BUSINESS INTERRUPTION GRANT PROGRAM (BIG) - deploying $540 million to businesses hit hardest by the pandemic (priority given to economically distressed communities and impacted industries) • LOCAL CURE - $250 million to help local governments offset the costs of the emergency response to COVID-19 • HELP ILLINOIS FAMILIES - $275 million to expand funding and eligibility to serve 1 million more low-income households with basic necessities • DOWNSTATE SMALL BUSINESS STABILIZATION PROGRAM - $20 million in grants of up to $25,000 to small businesses • REBUILD DISTRESSED COMMUNITIES PROGRAM - $25 million economic recovery to support Illinois businesses