Overview

The Business Development Fund supports entrepreneurial initiatives and small businesses in Cook County. The program is designed to fund a variety of traditional and non-traditional requests specific to the individual business needs. This grant fund was designed to support projects that contribute to economic development and job creation, while encouraging private investment. Funding for the Business Development Fund is made available through the Cook County/Grand Marais Joint EDA. 

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Eligible Applicants 

For-profit and not-for profit entities are eligible to apply. Cities, towns, or other local units of government are not eligible to apply. 

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Eligible Projects 

Projects that promote economic development, business startup or expansion, and/or job creation. While this list is not inclusive, the following are eligible use examples: 

• Point of sale system or other software 

• Website or other marketing efforts 

• Building construction, improvements, repairs 

• Building facade improvements 

• Equipment upgrades or repairs 

• Staff training, certification, licensure that promotes continued education and workforce development 

• Redevelopment projects and blight removal 

 

Ineligible Expenses 

• Management fees, financing costs, franchise fees, debt consolidation, gambling organizations, land or property held for sale or investment, moving costs 

 

Apply

Applications are accepted year round and will be reviewed by the EDA Board of Commissioners as received. All eligible businesses and entrepreneurs are encouraged to apply. Grant funding and availability is limited to EDA’s yearly fund allocation. If approved, grantees will have one year to complete the approved project and submit the necessary reporting information.