Village Funding Still Available for the 0% Interest
COVID-19 Small Business Loan Program
Partnering to Keep the Lights On
At the March 25 meeting, Mayor Yukich and the Village Board of Trustees proactively approved COVID-19 financial assistance for small businesses to Keep the Lights On. The Village of Homer Glen COVID-19 Emergency Small Business Assistance Program provides financial assistance to eligible independently-owned businesses in Homer Glen. Up to a $10,000 line of credit is available with loans offered at zero percent (0%) interest. The Village has approved $130,000 of loan assistance to date.
Additional program funding is still available. Click on the link below for the program details and application form. Contact Economic Development Director Janie Patch at (708) 301-0632 or firstname.lastname@example.org with any questions.
COVID-19 BUSINESS RESOURCES UPDATE TO KEEP YOU INFORMED
Get credible information to help your business by visiting the following resources:
GOVERNOR’S COVID WEBSITE: https://coronavirus.illinois.gov/s/
RESTORE ILLINOIS (DCEO WEBSITE): https://dceocovid19resources.com/restore-illinois
The State’s Phase 4 guidelines were effective on June 26.
PHASE 4 GUIDELINES OVERVIEW: https://dceocovid19resources.com/assets/Restore-Illinois/businessguidelines4/phase4overview.pdf
Phase 4 GUIDELINES (DETAILS): https://dceocovid19resources.com/restore-illinois/restore-illinois-phase-4/
Illinois Taxpayer Relief
The Illinois Department of Revenue has established this COVID-19 page to provide information and resources to help Illinois taxpayers, businesses, and others affected by the coronavirus. See also:
- Illinois Income Tax Filing and Payment Extension
- Short-Term Relief from Penalties for Late Sales Tax Payments
Please review this information to assist your employees. The Illinois Department of Employment Security (IDES) recently adopted emergency rules to try to make the unemployment insurance system as responsive to the current situation as possible. IDES has a helpful Unemployment Information page. All unemployment claims should be filed online through the IDES filing page.
Video Gaming License Fees
In recognition of the hardships caused by this unprecedented public health crisis, the Gaming Board has extended the March 31, 2020 renewal fee payment deadline. Renewal fees are now due ten business days after the Gaming Board resumes statewide video gaming operations.
Additionally, and to further alleviate the burdens caused by the COVID-19 outbreak, the Gaming Board also suspended billing through at least April 30, 2020. During the Suspension Period, the Gaming Board will not initiate any enforcement actions or assess any penalties for unpaid license fees that came due during this period.
The full document explaining the suspension period can be found by clicking Video Gaming Renewal Fees Guidance.
- NEW Business Interruption Grants Program (BIG) to Assist Restaurants, Salons, Gyms, Fitness Centers, etc. The Department of Commerce and Economic Opportunity (DCEO) launched the Business Interruption Grant (BIG) Program for businesses experiencing losses or business interruption due to COVID-19 related closures. The first round of the BIG Program is now closed. This $60 million funding round represents only the first wave of the BIG Program, which in total will amount to at least $540 million in grants for small businesses, $270 million of which has been set aside for childcare providers. Check here for the latest updates on BIG grant availability, eligibility and to apply for the next round.
- Small Business Owner’s Guide to the CARES Act Passed March 27 -To help small business owners better understand the new programs that will soon be available to them, refer to the comprehensive guide to many of the small business provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress. Several stimulus programs are created including loans for both large and small businesses, stimulus checks for individuals, expanded unemployment insurance for workers, paid family leave, paid sick leave and mortgage/renter relief.
- The Coronavirus Aid, Relief and Economic Security (CARES) Act of 2020 Briefing: Unemployment, Loans & Grants, Tax Benefits.
- Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor - Small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees.
- Door Dash - Eliminating commissions for new restaurant partners that enroll with them during the next 30 days and charging no commission to current partners.
- Uber Eats - Sign up to offer delivery service to customers.