Mattoon Chamber of Commerce Executive Director, Ed Dowd, called in to talk to the Yawn Patrol on 101.3 WMCI, on Thursday, March 26. Here is the list Ed talked about. You can also go to the bottom of this page and listen to the complete interview.
The Illinois Small Business Emergency Loan Fund: This $60 million fund will support low interest loans of up to $50,000 for small businesses in every industry outside of Chicago. Businesses with fewer than 50 employees and less than $3 million in revenue in 2019 will be eligible to apply. Successful applicants will owe nothing for six months and will then begin making fixed payments at 3% interest for the remainder of a five-year loan term. Applications will be available on DCEO’s website by Friday, March 27. https://www2.illinois.gov/dceo
Downstate Small Business Stabilizing Program: This $20 million program supports small businesses in suburban and rural counties across Illinois, providing grants of up to $25,000 to small businesses in communities served by DCEO’s Office of Community Development, the governor said. These grants will offer businesses of up to 50 employees the opportunity to partner with their local governments to obtain grants of up to $25,000 in working capital. The program redeploys Community Development Block Grant funds to support local small businesses. Applications will be available on DCEO’s website by Friday, March 27. The grants will be offered on a rolling basis.
Hospitality Emergency Grant Program: The new $14 million grant program aims to help small hospitality businesses make ends meet, providing up to $25,000 to eligible bars and restaurants and up to $50,000 for eligible hotels. These grants are available to support working capital – like payroll and rent – job training and technology to support shifts in operations, like increased pick-up and delivery. Bars and restaurants that generated between $500,000 and $1 million in revenue in 2019 are eligible for up to $25,000, and bars and restaurants that generated less than $500,000 in revenue in 2019 are eligible for up to $10,000, the governor said. Hotels that generated less than $8 million in revenue in 2019 are eligible for up to $50,000. The program repurposes job training and tourism promotion funds to provide this emergency grant assistance. Applications are available today on DCEO’s website and are due by April 1 at 5 p.m. All valid, eligible applications received within the five-day window will be entered into a lottery, and grant winners will be notified on April 4.
Illinois Income Tax Deadline: The deadline for payment and filing Illinois income tax has been extended until July 15th.
Sarah Bush Lincoln: The hospital is offering a 24/7 COVID-19 question and answer hotline staffed by nurses. The Phone number is (217) 258-7474.
State of Illinois: Illinois has created a website for all resources and links available to all Illinois citizens.coronavirus.illinois.gov.
Disaster Loan Assistance: The Small Business Association has received authorization to provide small business assistance through the Economic Injury Disaster Loan (EIDL) program. Visit here to learn more.
llinois Department of Employment Security Benefits: Benefits may be available to some individuals whose unemployment is attributable to COVID-19. IDES recently adopted emergency rules to try to make the unemployment insurance system as responsive to the current situation as possible. Find out more here.
DayCare Support: The state has now added an online search function for essential workers seeking child care during the COVID-19 crisis: https://emergencycare.inccrra.org/. The State also has a hotline number 888-228-1146.
USDA Rural: USDA Implements Immediate Measures to Help Rural Residents, Businesses and Communities Affected by COVID-19 WASHINGTON, March 25, 2020 – USDA Rural Development has taken a number of immediate actions to help rural residents, businesses and communities affected by the COVID-19 outbreak. Rural Development will keep our customers, partners, and stakeholders continuously updated as more actions are taken to better serve rural America. Visit www.rd.usda.gov for details.
Listen to the complete interview here:
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