X
GO

CARES Act

Eligibility Criteria

Only businesses that meet these criteria will be eligible to receive funding:

Criteria

Detail

Located in Will County

Physical location (e.g., office, storefront) must be in Will County, IL (not a P.O. box)

Annual Revenue

  • Annual revenue must not exceed $5 Million
  • If annual revenue is $18,000 or below grant amount will be prorated to reflect 10 months of annual income (based on March, 1 to December 30 deadline)

Workforce Size

Employ fewer than 50 employees

Demonstrate significant COVID-19 expenses or disruptions

Businesses ordered closed by executive order will satisfy this requirement. For other businesses, must have significant revenue loss and/or increase in expenses due to COVID-19. Examples include:

  • A loss of gross receipts or sales
  • Operated at a reduced level of production, sales, employment, or service
  • Have temporarily closed operations
  • Have increased expenses in order to prevent/mitigate the spread of COVID-19

Business Type

  • All for-profit businesses with ITIN, EIN, or SSN (if no ITIN/EIN)
  • Independent contractors must demonstrate that they make at least half of their yearly income in 1099 contract work.

Has not received unemployment

  • Independent contractors must not have received unemployment since March 1, 2020 to be eligible

In good standing

Must be in good standing and not in default with the State of Illinois Will County, and the IRS

Existing businesses

Must have been in operation in Will County since at least February 15, 2020* or earlier

*based on PPP date

Not currently in bankruptcy

Businesses must not currently be in bankruptcy

 

Preference Criteria

The following criteria will be used to give priority to certain businesses for assistance:

Criteria

Detail

Other COVID-19 Assistance

Businesses that have not already received other state and/or federal COVID-19 assistance (e.g., IL BIG, SBA loans, PPP) will be given preference.

Business Type

Preference will be given to businesses in the following industries (list derived from industries ordered to shut down by Illinois Executive Order):

  • Restaurants and Bars
  • Other Food Service
  • Hotels and Motels
  • Other Lodging
Shut Down Businesses that were forced to temporarily close due to COVID-19

 

Eligible Expenses

This is not an expense reimbursement program. However, these funds are intended to be used for operating expenses such as utilities, rent, mortgage, technology, personal protective equipment (PPE) and expenses due to disruptions from complying with public health orders related to COVID-19.

Examples:

  • Payroll costs for employees
  • Rent or lease payments
  • Mortgage or loan payments
  • Utility payments
  • Supplier payments
  • Purchase personal protective equipment (PPE) and sanitation supplies
  • Physical building adaptation/barriers
  • Contract labor to implement public health measures
  • Rent, lease, or purchase payments for business equipment implement public health measures
  • Purchase Technology/Applications to minimize employee and customer contact
  • Other measures to implement social distancing
  • Replace perishable inventory that was lost due to COVID-19 pandemic

Ineligible Expenses

Funds may not be used for severance pay, workforce bonuses other than hazard pay or overtime, property taxes, other taxes/fees/payments due to your municipality or Will County legal settlements, or expenditures that will be reimbursed through another assistance program.