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July 2, 2020
Lake County to Begin Accepting Applications for Small Business Assistance Grant Program on July 7
The Lake County Board has allocated $10 million to fund the Lake County Small Business Assistance COVID-19 Grant Program. The grant program was created to assist small businesses in Lake County that have been negatively impacted by COVID-19.
Beginning July 7, 2020, businesses will be able to apply online for up to $30,000 to cover up to four months of occupancy costs (rent, mortgage, utilities) as well as expenses incurred due to COVID-19 (new equipment, plexiglass, masks, sanitization services/materials, employee training, etc.).
Small businesses in Lake County that meet the following criteria are eligible to apply for the program:
- For profit, incorporated business (e.g., LLC, S Corp, Partnership, Sole Proprietorship, etc.) - Independent contractors are currently not eligible
- In business prior to February 15, 2020
- Earn less than $2.5 million in annual revenue
- Must be able to document a significant negative business impact from COVID-19
- Preference will be given to businesses that have not received Federal Assistance (i.e., Paycheck Protection Program or Economic Injury Disaster Loan)
Lake County small businesses that meet the above requirements may apply online at lakecountyil.gov/forward beginning at 8 a.m. on July 7. The application period will be open for two weeks, with submissions accepted until July 20 at 11:59 p.m.
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Contact
Alex Carr Communications Coordinator Lake County Government Email
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Barbara Prusila Marketing & Communications Director Lake County Partners Email
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