Galesburg officials approve added $250K for COVID Small Business Relief Program

GALESBURG, Ill. (KWQC) – The Galesburg City Council permitted an supplemental $250,000 as a match to the COVID Tiny Small business Reduction Method.

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

This is in partnership with the Illinois Section of Commerce and Financial Possibility. The complete method volume is now $500,000.

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It is available for modest businesses that have skilled sizeable disruption or temporary closure of their business thanks to the COVID-19 pandemic. The grants will offer economical guidance and assist handle the cost of company interruption charges from March 1, 2020 and December 30, 2020.

The expenses involve factors like mounted debts, payroll, COVID-19 mitigation charges, accounts payable, shed sales, missing chances and other doing work capital bills that are instantly attributed to the COVID-19 pandemic.

Officers say the optimum grant award sum is $25,000 per business. The awards will range per business and will be established by the severity of enterprise interruption endured.

Precedence will be presented to compact corporations and industries which include restaurants, bars, spas, salons and retail retailers.

Corporations are inspired to visit the City’s Neighborhood Improvement Incentives page for an application and supporting information and facts.

Programs should be concluded and returned to Ryan Berger, Director of Local community Progress, at [email protected] by January 11, 2021.

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