Another Round of Downstate Small Business Stabilization (DSBS) Grants Available

PRESS RELEASE – Another Round of Downstate Small Business Stabilization (DSBS) Grants Available

September 25, 2020

Mayor Dan Aussem announced today that the City of Ottawa is accepting applications for another round of Downstate Small Business Stabilization (DSBS) grants.

Mr. Aussem stated, “As the Covid-19 pandemic continues on, financial stress on businesses continues to build. We want to use this program to assist every Ottawa business we can and help them get through these challenging times.”

This program uses federal HUD CDBG funds and is administrated by the Illinois Department of Commerce and Economic Opportunity. The DSBS Grant makes funds available for 60 days of verifiable working capital up to a grant ceiling of $25,000 and is available for qualifying businesses that employ 50 people or less.

Interested businesses should contact Dave Noble, Ottawa Director of Economic Development at 815-433-0161×220 or dnoble@cityofottawa.org .