The Kendall County Board Economic Development Committee on Thursday directed county staff to close the online business grant portal after over 200 businesses applied for the program just over a week after it went live.
The county had enough businesses apply for grant money that the initial $1 million in the program is spoken for. The full county board next week is set to vote to add an additional $1 million to the program. The program is funded by the county's allocation of funds from the American Rescue Plan.
County Board Member Dan Koukol, who chairs the economic development committee, says the board had considered the possibility of increasing the program previously.
Koukol says applications started pouring in once the online portal went live last week.
Not every application will qualify for the full $25,000 grant, so after the initial applications are processed, there could be some money leftover.
Beyond the $2 million, Koukol is not sure if there will be another round of grants for businesses. Board member Matt Kellogg says the rules for American Rescue Plan funds have changed again and that the county board will have to again discuss how to use and distribute the money in the county.
Businesses who did not get a chance to apply can sign up for a waiting list if more grant money is made available by the county. The county board is expected to approve nine grant applications at its regular meeting Tuesday.