The Village recognized Friendly Ford's participation in the Village's new Economic Development TIF Grant Funding program on Tuesday, September 14, 2021. The program allowed Friendly Ford to make exterior signage improvements through a public-private partnership with the Village.

The use of the program's incentives is intended to fund projects that would not happen without such assistance and creates opportunities that will add value to the community. TIF incentives may be considered for commercial, industrial, and mixed-use projects within the Village's three established districts. Stand alone multi-family projects may be considered within the Town Center only. 

To find out more information and see if your business is located within a TIF District, visit the interactive map on the Village's website at: http://www.roselle.il.us/860/TIF-Incentive-Programs

The SBA announced important updates to the Economic Injury Disaster Loan (EIDL) program, including increasing the lending cap from $500,000 to $2 million, and the implementation of a deferred payment period for small business owners to begin repayment two years after loan origination. Complete program updates and more information can be found on the SBA website.

Governor Pritzker launched a $250 million Back to Business (B2B) grant program on August 18, 2021 to assist small businesses that are recovering from the impacts of COVID-19. The portal for applications is still live. Grants range from $5,000 to $150,000 per business to cover expenses related to operations, staff, overhead and more.

Eligibility and additional grant information can be found on the Illinois Department of Commerce & Economic Opportunity website. The website also connects small businesses looking for technical assistance with local Community Navigator organizations that can provide businesses with help regarding application processing, eligibility questions and more.