Greg Hart, DuPage County Board Member District 3 discusses program to support DuPage County small businesses and independent contractors impacted by COVID-19.
DuPage County Small Business Relief Grant Program Available
To assist small businesses and independent contractors impacted by COVID-19, DuPage County in conjunction with Choose DuPage is providing grants to use for employee retention payroll, utilities, and rent.
According to DuPage County Board Member Greg Hart, small businesses with fewer than 15 full-time employees and less than $1.5 million in annual gross revenue may apply for a grant up to $15,000. Independent contractors with more than 50% of their annual gross income coming from 1099 work and an annual gross income of less than $100,000 may apply for a grant up to $7,500. Businesses and contractors that have received other funds intended for this purpose (i.e. PPP, EIDL) are not eligible.
“The first tranche launched May 12 with over 1000 application submitted in a matter of a week which is incredible and speaks to the need for a program like this,” said Hart, who represents District 3 communities in the southeastern portion of DuPage County, including Hinsdale, Clarendon Hills, Burr Ridge, Westmont and parts of Naperville and Bolingbrook. Another round of funding is expected in mid-June.
“We have small businesses here in DuPage, as well as in the country,
who are the backbone of our economy and we wanted to make sure those business owners have an opportunity to get the support they need to continue operations.”
- Greg Hart, DuPage County Board Member
Hart said the county recognized a demand beyond the dollars coming through from the Paycheck Protection Program. “We have small businesses here in DuPage, as well as in the country, who are the backbone of our economy and we wanted to make sure those business owners have an opportunity to get the support they need to continue operations.”
Hart said Reinvest DuPage wanted to allot a portion of the $170,000,000 federal CARES Act money allocated to DuPage as forgivable grants to DuPage-based businesses. “We understand businesses might need multiple sources of funding but we want to make sure that we’re helping as many people as possible. We want to give the first option to people and businesses that have not received any level of support,” Hart concluded.
The initial round of small business investment of seven million will likely be the first of additional rounds as more applications come in. The federal government determines the county CARES Act allotment based on its population and needs in response to the Covid-19 pandemic.
For more information or to apply, visit www.ChooseDuPage.com/reinvest-dupage
TO FIND OUT IF YOU QUALIFY, ANSWER THESE QUESTIONS:
If you answered YES to all of the above, you could be eligible to receive a grant from this program.
Note: you are not eligible if you have received other funds intended for this purpose
(i.e. PPP, EIDL).