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Funding applications for businesses due this Friday

Attention: Please contact Coles Together for assistance with this program:

The Economic Development Downstate Small Business Stabilization program has been established to provide grants for working capital funds to businesses economically impacted by the COVID-19 virus. 

The program makes funds available to cover 60 days of verifiable working capital up to a grant ceiling of $25,000 and is available for businesses that employ 50 people or less.

Funds may be used to assist private for-profit small retail and service businesses, or businesses considered non-essential by the Governor’s Executive Order without the ability for employees to work remotely.  

Applicants must demonstrate an “Urgent Need” in relation to the COVID-19 emergency and projects should have solid commitments to retain permanent jobs.

Funds are provided by the State of Illinois to the communities of Charleston, Mattoon, and Oakland. Funding is not made directly to a business by the State of Illinois. 

To comply with state public notice rules, the first round of application processing will require a completed application be submitted by this Friday, April 3. Public notice will be issued April 8 and City Council review will occur April 21.

A second cycle will begin immediately thereafter with applications due April 15. Public notice will be issued April 22 and City Council review will occur May 5.

Please contact Coles Together for further information and assistance completing the application below.   You may also contact the Mattoon or Charleston Chamber of Commerce for assistance and guidance.

Small Business Application 2020

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Mattoon Community Unit School District 21701 Charleston AvenueMattoon, IL  61938

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