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2020 CBG GUIDEBOOKDownstate Small Business Stabilization ProgramDOWNSTATE SMALL BUSINESS STABILIZATION PROGRAMState of Illinois Dept. of Commerce and Economic Opportunity (DCE)2020 CBG GUIDEBOOKDowntown
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Gather all necessary information and documents required for the application process.
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Visit the official website of downstate small business stabilization program.
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Submit the completed application form along with all the necessary documents to the designated office or online portal.
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Who needs downstate small business stabilization?

01
Small businesses located in downstate areas that have been affected by economic hardships and require financial support to stabilize and recover.
02
Entrepreneurs and business owners in downstate regions facing challenges due to various factors such as natural disasters, economic downturns, or other unforeseen circumstances.
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Downstate Small Business Stabilization is a program designed to provide financial assistance to eligible small businesses in downstate New York that have been impacted by the economic effects of the COVID-19 pandemic.
Eligible small businesses located in downstate New York that meet the specific criteria set forth by the program are required to file for downstate small business stabilization.
To fill out the downstate small business stabilization application, businesses need to complete the online application form, provide necessary documentation, and submit it through the designated state portal.
The purpose of the downstate small business stabilization program is to support small businesses by providing financial relief, helping them to recover from economic disruptions, retain employees, and stabilize operations.
Businesses must report their financial information, the number of employees, details of the economic impact suffered, and any other required documentation as specified in the application instructions.
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