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Small Business Growth Initiative (Lake County, IL) is sponsored by Allies for Community Business and Lake County Community Foundation. This program supports businesses through one-on-one coaching, cohort-based learning, and grant funding to strengthen and grow businesses.
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About LCCF - Growing Philanthropy, Building Community Small Business Growth Initiative - For Funders LCCF is concentrating on the growth of our local communities and building strong economies for the future through our Small Business Growth Initiative (SBGI) , which collaboratively supports small businesses in historically disinvested communities. This program concentrates on Waukegan with plans to expand to other communities.
At LCCF, we believe now is the time to collectively invest in communities that have long been ignored and discounted by larger systems. We know that by investing in small businesses in historically disinvested communities, we are generating wealth for generations to come and creating access and opportunities for communities to thrive.
LCCF is working with partners to build this comprehensive program that will ultimately result in a network of support for small businesses owned by people of color. We take a data-driven approach to working alongside small business owners to help them meet their specific growth goals while enriching the surrounding economic and social landscape.
Small business application process One-year grant up to $30,000 from LCCF Wrap-around resources, referrals and technical assistance based on desired growth areas Educational workshops and peer-to-peer cohorts Collaboration for long-term, sustainable growth Partners: (Pilot Partner) Drip & Culture , Waukegan; Allies for Community Business; College of Lake County’s Small Business Development & International Trade Center; Lake County Partners, City of Waukegan Create pipelines of entrepreneurship in historically disinvested communities.
Increase economic development and community engagement within priority ZIP codes. Foster a more equitable environment for entrepreneurs and small business owners. Provide collaborative space for peer learning networks for small business owners.
Encourage participant businesses’ viability and sustainability by taking an individualized approach to mentorship, technical assistance and financial support. Create baseline data on small businesses in Lake County. Why Should Your Company Invest?
Take concrete action to be a part of change for historically disinvested communities. Gain name recognition with a unique program that has the power to create long-term equitable change at a macro, city level. Have a small business grant named after your organization when you commit to $30,000 or more.
Gain a variety of marketing benefits as an official Corporate Partner of LCCF, a local leader in philanthropy, including: Listing in the 2024 annual Report to the Community . Thank you to our 2023 SBGI Funding Partners! To make a credit card contribution online click here Please make your check payable to: "The Lake County Community Foundation" and reference “Small Business Growth Initiative” in the memo line.
1200 University Center Drive, Suite 333 Please contact Wendy Richter, Director of Donor Services & Operations, at [email protected] to request the Foundation’s gift instructions should you wish to make a wire transfer or gift of stock. LCCF Small Business Growth Initiative Impact Analysis on our Pilot Program can be found here.
For more information, please reach out to our Director of Strategy & Community Impact, Courtney Combs, at [email protected] Small Business Newsletter Racial Equity Resource Library Small Business Growth Initiative – For Funders
According to the current listing, eligibility includes: Small business owners of color in historically disinvested communities in Lake County, IL, with current focus on Waukegan area. Confirm the full requirements in the official notice before applying.
The current listing shows $30,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Small Business Growth Initiative (Lake County, IL) is funded by Allies for Community Business and Lake County Community Foundation. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Illinois. If your organization operates elsewhere, check the official notice for location requirements.
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
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