
Mattoon Chamber of Commerce Executive Director, Ed Dowd, was on air with the Yawn Patrol on 101.3 WMCI, on Thursday, April 2, 2020. At the end of this page you can listen to the complete interview.
Here are the programs he discussed:
The Economic Development Downstate Small Business Stabilization program: Established to provide grants for working capital funds to businesses economically impacted by the COVID-19 virus. The program makes funds available to cover 60 days of verifiable working capital up to a grant ceiling of $25,000 and is available for businesses that employ 50 people or less. While all businesses with losses related to COVID-19 are encouraged to apply, certain qualifying criteria must be met and there is no guarantee funding will be awarded. Funds may be used to assist private for-profit small retail and service businesses, or businesses considered non-essential by the Governor’s Executive Order without the ability for employees to work remotely. Applicants must demonstrate an “Urgent Need” in relation to the COVID-19 emergency and projects should have solid commitments to retain permanent jobs. Funds are provided by the State of Illinois to the communities of Charleston, Mattoon, and Oakland. Funding is not made directly to a business by the State of Illinois. Therefore, interested businesses should contact Coles Together, the Mattoon Chamber of Commerce, the Charleston Chamber of Commerce, or the City of Oakland for pre-screening in an effort to speed the review process and shorten the length of time to access funds.
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.
Illinois 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.
U.S. Department of Labor: Resources for employers and employees, including: workplace safety, wages, insurance flexibility, and more. Visit here for more.
US Department of Labor: On March 28, 2020 the U.S. Department of Labor (DOL) issued guidance to address, among other things, the recently passed Families First Coronavirus Response Act (FFCRA) provisions related to paid sick leave or expanded medical leave, and whether employers are required to provide paid leave under its provisions if it is forced to close pursuant to SIP orders. https://www.dol.gov/agencies/whd/pandemic/ffcra
LISC is pleased to announce the Verizon-LISC COVID-19 Recovery Fund is now open and accepting applications. This fund provides grant support to help address the immediate financial impact on nonprofits and small businesses due to the pandemic. LISC is grateful for Verizon’s partnership for making this program a reality.
Applications for the 1st round of grants must be completed by April 4th, 11:59 PM ET.
Please keep the following in mind:
- For business owners with multiple businesses, please answer this survey based on your largest business owned.
- Each awardee is limited to one grant per tax ID. You will need this ID to complete the application.
- Eligibility is based on accurate and complete submission of a request to include required documents uploaded.
https://www.surveymonkey.com/r/LISCSBGrant
Listen to the interview here:
Audio Player
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