May 21, 2024

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Business is my step

Galesburg officers approve added $250K for COVID Tiny Business enterprise Relief Plan

1 min read

GALESBURG, Unwell. (KWQC) – The Galesburg Town Council permitted an further $250,000 as a match to the COVID Smaller Enterprise Aid Software.



a close up of a newspaper: (AP Photo/Elise Amendola, File)


© Elise Amendola
(AP Image/Elise Amendola, File)

This is in partnership with the Illinois Office of Commerce and Financial Prospect. The complete application sum is now $500,000.

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It is accessible for little organizations that have skilled sizeable disruption or momentary closure of their small business owing to the COVID-19 pandemic. The grants will present economical assistance and help handle the charge of business interruption costs from March 1, 2020 and December 30, 2020.

The expenditures contain matters like preset money owed, payroll, COVID-19 mitigation charges, accounts payable, missing revenue, misplaced chances and other operating capital costs that are right attributed to the COVID-19 pandemic.

Officials say the optimum grant award amount is $25,000 for each small business. The awards will fluctuate for every enterprise and will be identified by the severity of business enterprise interruption suffered.

Precedence will be given to tiny firms and industries including eating places, bars, spas, salons and retail shops.

Businesses are encouraged to pay a visit to the City’s Group Progress Incentives website page for an software and supporting info.

Purposes should be accomplished and returned to Ryan Berger, Director of Local community Development, at [email protected] by January 11, 2021.

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