Village of Oswego
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Downstate Small Business grant DEADLINE MAY 27

Oswego small businesses have until noon Wednesday, May 27, to apply for grants of up to $25,000 from the State of Illinois’ Downstate Small Business Stabilization Program.

The grants, funded by the State of Illinois and administered through the Village of Oswego, offer 60 days of working capital, up to a total of $25,000, to small businesses of 50 or fewer employees that were categorized as non-essential during the statewide Stay at Home Order.

Businesses considering applying should email Economic Development Director Corinna Cole at as soon as possible to express interest and get more information.

The application, along with eligibility and documentation requirements, can be found at

This State-funded program has several strict eligibility and documentation requirements, and businesses must apply through the Village of Oswego to be considered for the grants. Applications will be accepted on a first-come, first-served basis until the May 27 deadline.        

Village staff will then work with business owners to complete the full application process. A public hearing to review applications will be held during the meeting of the Oswego Village Board on Tuesday, June 23.

For questions about applying to the Downstate Small Business Stabilization Program, contact Economic Development Director Corinna Cole at 630-551-2334 or


Additional assistance available to Oswego business owners

Several Federal, state and local programs are available to assist small businesses affected by the COVID-19 pandemic.

For a quick reference guide to the several programs available, visit and download the Guide to Federal, State, and Local COVID-19 Disaster Loans and Grants for Oswego’s Small Businesses.

Our Economic Development staff can help business owners determine which programs may be helpful to their business and connect them to additional information and resources. Business owners can contact the Economic Development Department by calling 630-551-2334 or emailing


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Residents are also encouraged to follow the Village of Oswego on Facebook (@VillageofOswego) and Twitter (@OswegoIL60543) for to-the-minute updates. You can also subscribe to Village of Oswego emails by visiting and clicking on E-mail Alerts.­­


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