NEW: Cook County to Waive Late Fees on Property Tax Installments
The Cook County Board of Commissioners voted to waive late fees for two months on both property tax installments due in 2021, giving cash-strapped property owners more time to juggle their finances, Treasurer Maria Pappas said.
The Board unanimously waived for two months the 1.5 percent per month late fee on all Tax Year 2020 property taxes, according to a news release. Specifically:
• The First Installment of 2020 taxes is due March 2, 2021, with application of late charges moved back to May 3, 2021.
• The Second Installment of 2020 taxes is due August 2, 2021, with application of late charges moved back to October 1, 2021. The link to the Cook Country Treasurer's announcement and website is provided here.
Support Niles Businesses
The Village of Niles is asking residents to support Niles businesses that have been affected by the Coronavirus by purchasing gift cards from the restaurants and other businesses. Residents can buy directly from the restaurants and businesses so they can use these funds for a month or two. When the pandemic is over, you can redeem the gift card at Niles businesses. Businesses are encouraged to update their web sites to sell gift cards. Residents can also support the restaurants that may offer a drive-thru, a take-out menu, as well as curb service. They can also purchase meals for first responders including doctors, nurses, firefighters, police, and public works personnel. A list of restaurants is provided below.
Governor Pritzker's 5-Phase Plan
Information regarding Phase IV of the Governor's 5-Phased Plan is provided below:
https://dceocovid19resources.com/restore-illinois/restore-illinois-phase-4/
https://www2.illinois.gov/dceo/pages/restoreILP3.aspx
https://dceocovid19resources.com/assets/Restore-Illinois/businessguidelines3/personalcare.pdf
https://www2.illinois.gov/dhr/Documents/IDHR_FAQ_for_Businesses_Concerning_Use_of_Face-Coverings_During_COVID-19_Ver_2020511b copy.pdf
https://abc7chicago.com/society/restore-illinois-5-phase-reopening-plan-by-gov-pritzker-splits-il-into-4-regions-/6159808/
https://www.chicagotribune.com/coronavirus/ct-cb-pritzker-plan-reopen-illinois-20200506-erfvitdovffmzd7ativx4hj57q-htmlstory.html
https://coronavirus.illinois.gov/s/restore-illinois-faqs
State of Illinois Business Grants
The Department of Commerce and Economic Opportunity (DCEO) launched the second round of Business Interruption Grants (BIG) by providing another $245 million in grant funding. This is in addition to the $60 million in funding to businesses experiencing losses or business interruption as a result of COVID-19 related closures. The additional Business Interruption Grants (BIG) program of $245 million can be reviewed at the link below.
https://www2.illinois.gov/dceo/SmallBizAssistance/Pages/C19DisadvantagedBusGrants.aspx
DCEO will make the application for BIG available on Thursday, September 17, 2020.
Congress Passed Paycheck Protection Program (PPP) and Health Care Enhancement (HCE) on April 23, 2020
On Thursday, April 23, 2020, Congress Passed the Paycheck Protection Program and Health Care Enhancement Act (PPP & HCE Act), and the President signed it into law Friday, April 24.
The PPP & HCE Act is an expansion of the Paycheck Protection Program (PPP) portion of the CARES ACT passed in late March. The original $350 billion earmarked for small business paycheck loans has been exhausted; the new legislation adds $310 billion more to the program. Additionally, the PPP & HCE Act includes:
• $60 billion for the SBA’s economic injury disaster loans and grants, including:
• $50 billion for economic injury disaster loans – each loan can be up to $2 million with interest rates not to exceed 4% and long-term repayment periods of up to 30 years;
• and $10 billion for grants of up to $10,000 that do not have to be repaid.
• $100 billion in emergency supplemental appropriations, $75 billion of which is designated for hospitals and health care providers, and $25 billion of which is designated for the ramp-up of COVID-19 testing
• Additional funds are provided for the SBA to administer these programs
It is critical that any small employers who have already applied for a PPP loan check with their lender, as the Interim Final Rule states explicitly, you can only apply for one PPP Loan. Contact your bank to see if they still have your application and whether or not it will be submitted when the SBA begins accepting new PPP loan applications.
State of Illinois Small Business Assistance
The State of Illinois announced grants for Small Business. More information is provided at the following link:
https://www2.illinois.gov/dceo/SmallBizAssistance/Pages/Coronavirus-Disease-2019-(COVID-19)-Information-for-Small-Business.aspx
The State of Illinois Small Business Assistance programs are provided in the link above. Cook County announced on March 26, 2020 the Covid-19 Small Business Assistance Program.
The State of Illinois announced the Hospitality Grant recipients for grants of between $10,000 and $25,000. The list of recipients is provided below:
https://www2.illinois.gov/dceo/SmallBizAssistance/Documents/Hospitality%20Grant%20Awardees%204.17.20.pdf
Cook County $10 million Community Recovery Fund
Cook County unveiled a $10 million Community Recovery Fund that will offer no-interest loans to suburban small businesses, gig workers, and independent contractors whose livelihoods have been battered by the new coronavirus. The application for the newest Cook County Small Business Assistance program is provided below. Additional information on Business Assistance Programs are provided below under Business Assistance Programs.
As part of Cook County’s ongoing COVID-19 Community Recovery Initiative efforts, the Bureau of Economic Development, in partnership with more than 35 county-wide organizations, is providing critical support for small businesses impacted by the COVID-19 pandemic. Program offerings include:
• $10,000 Grants for small businesses (less than 20 employees) in suburban Cook County
• Cook County / Chicago Business Advising Program
• Business Resiliency Webinars
• Applications are open now and will close at 5 PM on October 6 2020
https://www.cookcountysmallbusinessassistance.com/
https://forms.office.com/Pages/ResponsePage.aspx?id=rlVNi7RtBU6oXFnWolbNbmMOJwqJKYZHoxCOSMzw5rhUOUVZOVgyUjVIUjgzUDAxOElWNUwxQ0VQRS
US Chamber of Commerce Grant Program for Small Business Recovery
The US Chamber of Commerce launched a new grant program to support small business recovery. The US Chamber will distribute $5,000 grants to small employers in the US from corporate and philanthropic partners. The link is provided below:
https://savesmallbusiness.com/
Niles Chamber of Commerce - Voice of Business Interviews
The Niles Chamber of Commerce & Industry - Voice of Niles Business Interviews with the Mayor of Niles, Mayor Andrew Przybylo, Economic Development Director John Melaniphy, Village Trustee Denise McCreery, and Village Trustee George Alpogianis regarding the business assistance programs are provided at the links below:
https://www.facebook.com/ChamberNiles/videos/576845699852633/UzpfSTEwMDAwMDU1NjAwMjgwNjozNTYzODEyODgzNjQ3MjEw/
https://www.facebook.com/ChamberNiles/videos/1572648249568411/UzpfSTEwMDAwMDU1NjAwMjgwNjozNTI4ODQ0ODU3MTQ0MDEz/
https://www.facebook.com/ChamberNiles/videos/2689712497803935/?q=Niles%20Chamber%20of%20Commerce%20Voice%20of%20Business&epa=SEARCH_BOX
https://www.facebook.com/ChamberNiles/videos/693723261374602/UzpfSTEwMDAwMDU1NjAwMjgwNjozNjA1MDk1MDQ2MTg1NjYw/
Mayor Andrew Przybylo talks about the Phase III opening and dining Alfreso in Niles in a Chamber interview below.
https://www.facebook.com/ChamberNiles/videos/2507802432883383
There are also links for frequently asked questions pertaining to the Governor's Stay-At-Home order for businesses, as well as, information for restaurants. We would also like to thank all the Niles grocery stores that have endured unprecedented demand and have worked diligently during this crisis to keep their store shelves stocked. If you need assistance or have any questions please contact the Director of Economic Development John C. Melaniphy at 847 588-8074.