Resources For Businesses Affected By COVID-19

Updated June 23 - NEW - Business Interruption Grants  Program (BIG) Launched

The Department of Commerce and Economic Opportunity (DCEO) is launching the first round of Business Interruption Grants (BIG) by providing $60 million to businesses experiencing losses or business interruption as a result of COVID-19 related closures. The BIG Program is available for up to 3,500 businesses that experienced a limited ability to operate due to COVID-19 related closures. DCEO will begin distributing funds to qualifying businesses in early July.

In the first wave of grants, priority will be given to small businesses that have been heavily restricted or completely shut down during the pandemic. Additional priority will be given to businesses located in disproportionately impacted areas (DIAs), or low-income areas that have had high rates of COVID-19 cases. Any Skokie Business in Zip Code 60077 is located in a DIA as defined by DCEO. Businesses eligible for the program must have experienced extreme hardship, demonstrated by experiencing eligible costs or losses in excess of the grant amount since March.

Specifically, the program includes support for:

  • Businesses located in DIAs Where There Was Recent Property Damage from Civil Unrest 
  • Bars and Restaurants - $20 million for bars and restaurants unable to offer outside service, providing 1,000 grants of up to $20,000
  • Barbershops and Salons - $10 million for barbershops and salons, providing 1,000 grants of $10,000 each
  • Gyms and Fitness Centers - $10 million for gyms and fitness centers that have lost significant revenue due to COVID-19, providing 500 grants of $20,000 each

Businesses must have been in operation for at least three months prior to March 2020 and must meet specific annual revenue criteria outlined in document below.

WHEN AND WHERE TO APPLY: DCEO will begin accepting applications on June 26th. CLICK HERE FOR MORE INFORMATION AND TO REVIEW APPLICATION QUESTIONS AND DOCUMENTS TO PREPARE FOR THE 26th.

State COVID-19 Resources for Business, Workers, and Residents

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A new, one-stop portal has been launched by the Illinois Department of Commerce and Economic Opportunity to assist Illinois Businesses, Workers and Residents navigate programs deployed as a result of COVIZD-19.  Please click on the graphic above or HERE for more information which will guide you through options for your specific situation.

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CLICK HERE FOR SKOKIE’S ZoomBusiness PRESS RELEASE

If you have any questions regarding COVID-19 resources available to Skokie Businesses, please call our Hotline (847) 933-8472 or (847) 933-8471 or e-mail: leslie.murphy@skokie.org or len.becker@skokie.org.

LATEST BUSINESS PROGRAMS

NEW - SBA PPP LOAN FORGIVENESS APPLICATION AVAILABLE CLICK HERE

ILLINOIS TREASURERS OFFICE - SMALL BUSINESS COVID-19 RELIEF PROGRAM CLICK HERE

SBA LOAN GRAPHIC CLICK HERE

SBA CARES LOAN CALCULATION SHEET: CLICK HERE 

Find more information for small businesses affected by coronavirus at www.sba.gov/coronavirus.  Subscribe to email updates from SBA at bit.ly/SubscribeIL to stay up to date on SBA news and events. SBA resource partners (Illinois Small Business Development Centers, WBDC, SCORE, Veterans Business Outreach Center) stand ready to help. Go to www.sba.gov/local-assistance to find a counselor or mentor.

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