COVID Grant Application - Now CLOSED
This program will provide direct financial assistance to Yorkville-based businesses impacted by the COVID-19 pandemic. The programs would direct funds to industrial, service, restaurant and retail businesses whose operations experienced significant disruption or temporary closure during the period of March 1, 2020 through December 30, 2020.
The Rent Assistance Grant provides up to $5,000 for businesses struggling to pay rent because of the pandemic.
The Restart Grant provides up to $5,000 in working capital for businesses to reopen following a temporary closure or substantially reduced hours, including expenses related to inventory, payroll and improvements related to complying with Illinois DCEO COVID-19 mitigation guidelines.
The Restaurant Operations Grant provides up to $5,000 for costs related to expanding outdoor dining, establishing carryout service, contactless ordering, certain marketing expenses, and similar costs.
The Business Support grant provides up to $10,000 to replace revenue lost because of the COVID-19 pandemic that is not otherwise offset by the other three grant programs. Grant funds must be used to support continued operations, maintain payroll, pay off lines of credit used because of the pandemic, or otherwise be reinvested into the business.
The City will be granting awards to 42 businesses affected by the COVID-19 pandemic and related shutdowns. These grants equal $400,000.
Funding for $200,000 of these grants is provided by the Local CURE Economic Support Program, administered by the Illinois Department of Commerce and Economic Opportunity, and funded through the Federal CARES Act. Funding for the remaining $200,000 of these grants is provided through direct City funding.
Through a competitive process, the City received $200,000 in state funds of approximately $3.96 million distributed to communities in the region for economic support grants. Each City business will be awarded between $2,425 and $19,000. The amounts awarded were based on a merit basis, with consideration given to the overall impact of COVID-19 on the business, the continued viability of the business, and qualification under the program.