July 7, 2020
Application Period Open for Lake County Small Business Assistance COVID-19 Grant Program
Starting today, July 7, 2020, Lake County small businesses can apply for the Small Business Assistance COVID-19 Grant Program. Businesses can 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.).
Apply: The application is available in English and Spanish, and is located at lakecountyil.gov/forward.
The application period will be open for two weeks, with submissions accepted until July 20 at 11:59 p.m.
About the Program
The Lake County Board 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.
Eligibility
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)
Learn More and Get Your Questions Answered
Lake County Partners and the Illinois Small Business Development Center will co-host three webinars to provide information on this program and answer questions from participants. Businesses applying for this program are encouraged to attend a webinar on one of the following dates:
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July 8, 2 p.m.
Join Link
Meeting ID: 914 5527 5652
Password: 315050
Call in Number: 1-312-626-6799
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July 14, 10 a.m.
Join Link
Meeting ID: 911 7245 6555
Password: 212244
Call in Number: 1-312-626-6799
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July 20, 8:30 a.m.
Join Link
Meeting ID: 921 0926 0251
Password: 626422
Call in Number: 1-312-626-6799
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