News about COVID-19 is changing hourly, so the Northalsted Business Alliance (NBA) is working to provide resources for members of the Northalsted community. This webpage contains information about the available local, state, and federal resources for business and employees affected by COVID-19. For the most current information, NBA recommends monitoring updates from the US Center for Disease Control (CDC), the Chicago Department of Public Health (CDPH), and the World Health Organization (WHO).
For information on the virus itself and its symptoms, visit WHO’s Q&A page for an accurate understanding.
Please, check back often—we are constantly updating our page with new information and ways to support our community!
BACP Reopening Framework Webinars
As Chicago continues to follow the Protecting Chicago reopening framework, the Chicago Department of Business Affairs & Consumer Protection will host webinars to help businesses and employees prepare for and understand the reopening plan. Learn about the City’s plan for reopening.
View the following PDFs for times, dates, and more information:
Reopen Business, Safely
The City of Chicago’s Personal Protective Equipment (PPE) Market, powered by Rheaply, provides small businesses, community-based organizations, and not-for-profits a streamlined way to secure affordable supplies from verified sources.
This webpage provides information for workers and employers about the evolving coronavirus outbreak first identified in Wuhan City, Hubei Province, China. The information includes links to interim guidance and other resources for preventing exposures to, and infection with, COVID-19.
View specific workplace guidance and orders here.
Phase 4 Guidelines for Bars & Restaurants
There is no set capacity cap for restaurants and bars based on the percentage of occupancy or number of people during Phase IV. Seated area capacity of restaurants and bars should be determined by arranging seating to provide a minimum of six feet between tables or other designated patron service areas.
Indoor dining can reopen with groups of 10 or less, with tables spaced 6-feet apart in seated areas and with standing-areas at no more than 25% of capacity. Capacity restrictions will be reassessed based on the latest science and public health metrics on an ongoing basis throughout Phase IV.
Read the full guidelines here.
Read the guidelines for Meetings and Social Events.
NOTE: The City of Chicago has yet to announce when Chicago will begin the Phase 3 Re-opening process.
Outdoor Recreation Guidelines and Toolkit (Coming Soon)
Day Camps Guidelines and Toolkit (Coming Soon)
Small Business Resilience Loan Fund
The City of Chicago is launching the new Small Business Resiliency Loan Fund as of March 19, 2020. The new fund will provide more than $100 million in low-interest loans to severely impacted small businesses over the coming months, targeting historically under-resourced communities with an emphasis on minimizing hardship for those businesses and their employees.
The Small Business Administration is the only cabinet-level federal agency fully dedicated to small business. It provides counseling, capital, and contracting expertise as the nation’s only go-to resource and voice for small businesses. It is a key resources for businesses who are in need of economic support in times of crisis.
On March 18, 2020, Illinois was declared a disaster area for COVID-19. You may be eligible to apply for an SBA Economic Injury Disaster Loan (EIDL). These loans range from $500 to $2 million at a fixed 3.75% interest rate over a maximum payback of 30 years. Each application’s terms are decided on a case-by-case basis. So, you are likely eligible to apply if you have suffered substantial economic injury and are one of the following types of businesses:
Apply for a loan here.
This new $20 million program supports small businesses in suburban and rural counties across Illinois, providing grants of up to $25,000 to small businesses in communities served by DCEO’s Office of Community Development.
These grants will offer businesses of up to 50 employees the opportunity to partner with their local governments to obtain grants of up to $25,000 in working capital. The program redeploys Community Development Block Grant funds to support local small businesses.
Applications will be available on DCEO’s website by Friday, March 27. The grants will be offered on a rolling basis.
To help small hospitality businesses make ends meet in the midst of the COVID-19 pandemic, the Illinois Department of Commerce and Economic Opportunity (DCEO) is launching the Hospitality Emergency Grant Program with $14 million drawn from funds originally budgeted for job training, tourism promotion, and other purposes.
Grant funds are available to support working capital like payroll and rent, as well as job training, retraining, and technology to support shifts in operations, like increased pick-up and delivery.
Bars and restaurants that generated between $500K and $1M in revenue in 2019 are eligible for up to $25,000, and bars and restaurants that generated less than $500K in revenue in 2019 are eligible for up to $10,000. Hotels that generated less than $8M in revenue in 2019 are eligible for up to $50,000.
These grants will provide aid to the smallest operations in the hospitality segment, and every dollar helps during this time of crisis. The IRA appreciates this effort from DCEO, and will continue to advocate at the federal level for broad-based economic relief for the state’s 25,000+ eating and drinking establishments and their employees.
Businesses can submit an application online here.
Applications for awards will be accepted until 5:00pm on April 1, and winners will be chosen via a lottery. Therefore, there is no benefit to submitting an application first as long as a valid, complete application is received by the deadline.
DCEO and the Illinois Department of Financial and Professional Regulation (IDFPR) are establishing the Illinois Small Business Emergency Loan Fund to offer small businesses low interest loans of up to $50,000.
Businesses located outside of the City of Chicago with fewer than 50 workers and less than $3 million in revenue in 2019 will be eligible to apply.
Successful applicants will owe nothing for six months and will then begin making fixed payments at a below market interest rate for the remainder of a five-year loan term.
Applications will be available on DCEO’s website by Friday, March 27. The grants will be offered on a rolling basis.
Illinois Business Interruption Grant Program
The Department of Commerce and Economic Opportunity (DCEO) launched the first round of Business Interruption Grants by providing $60 million to businesses experiencing losses or business interruption as a result of COVID-19 related closures.
In the first wave of grants, priority will be given to small businesses that have been heavily restricted or completely shut down during the pandemic and are located in disproportionately impacted areas. An emphasis will also be placed on those businesses that are located in areas that have experienced recent property damage due to civil unrest, exacerbating the economic impacts of COVID-19.
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.
SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.
Lenders may begin processing loan applications as soon as April 3, 2020. The Paycheck Protection Program will be available through June 30, 2020.
Paycheck Protection Program information
MAYOR LIGHTFOOT ANNOUNCES APPLICATIONS NOW OPEN FOR MORE THAN $15 MILLION ‘TOGETHER NOW’ GRANT FUND
Mayor Lori E. Lightfoot announced that the City is now taking applications for the “Together Now” fund grant allocations which will help small businesses and not-for-profits in Chicago that have experienced economic distress and significant operational losses due to COVID-19, or have experienced damage from events of the weekend of May 29 and beyond.
The online application will be open to any eligible establishment throughout the City, and it will stay open until Monday, June 29, with grants distributed after the application deadline through a lottery system.
The fund is primarily comprised of multiple city-backed funding sources including money from the Neighborhood Opportunity Fund (NOF), Adopt-a-Landmark, and CARES Act funding, as well as corporate and individual donations.
Read the full press release here.
Small Business Live Restart Grant Fund
Accion Opportunity Fund partnered with Superfly to raise money to support small business owners working to overcome challenges related to COVID-19. The effort is part of Small Business Live, an online philanthropic music experience that took place on Saturday, June 20.
Selected small business owners will receive a grant of $5,000 to help restart their business. At least 50% of funds will be allocated to current Accion and Opportunity Fund loan clients. The other 50% of grantees will be selected from the pool of eligible applicants.
The Chicago Department of Business Affairs and Consumer Protection (BACP) has resources and information available for businesses, consumers, and employees impacted by the COVID-19 outbreak. BAPC is working closely with the Chicago Department of Public Health (CDPH) to keep our communities updated on guidance for those affected by the crisis. Both linked pages will be constantly updated as the pandemic continues.
This fund was created by Chicago-area artists in response to the COVID-19 pandemic. We aim to support our colleagues (Painters, filmmakers, sculptors, dancers, musicians, theater makers, writers, and others) in the greater Chicago arts community who are experiencing financial repercussions due to pandemic-related cancellations.
If you are an artist in need, apply for funding here.
DISTRESSED CAPITAL PROGRAM
The Department of Commerce and Economic Opportunity’s new economic recovery program will provide $25 million to support Illinois businesses that have sustained property damage as a result of civil unrest during the recent protests and demonstrations on or after May 25, 2020.
The Distressed Capital Program will reimburse the costs to repair structural damages, including repairs to storefronts and entrances, improving electrical systems, and restoring exterior work. The program will prioritize small businesses, women and minority-owned businesses, underinsured or uninsured businesses, businesses that have a high community impact – such as grocery stores – and businesses in communities that have experienced historic disinvestment.
WHEN TO APPLY: DCEO will invite applications to become an administrator for the Rebuild Distressed Communities NOFO made available on Tuesday, June 23rd. DCEO expects businesses impacted by property damage to be able to apply for support through this program by August.
Tax returns for the period July 1, 2019, through June 30, 2020, are now available on Chicago Business Direct. As a reminder, to help reduce the financial impact of COVID-19 all annual tax returns and annual tax return payments that would have been due by August 17, 2020, are now due by October 15, 2020.
Tax payment due dates for only the taxes shown below have previously been extended as indicated.
Amusement tax (7510, 7510R, 7511), Bottled Water tax (1904), Checkout Bag tax (2737), Ground Transportation tax (7595), Hotel Accommodations tax (7520, 7520S), Parking tax (7530, 7530V), and Restaurant tax (7525)
Click here to Login to Chicago Business Direct
The U.S. Chamber has compiled Center for Disease Control (CDC)’s coronavirus recommendations for businesses and workers across the country. We continue to encourage American businesses to follow data-based guidance from the CDC and state and local officials. Provided is a toolkit that businesses can use for their social media.
Access the Toolkit here.
Access the State & Local Government Policy Tracker here.
The U.S. Department of Labor has resources to help workers and employers prepare for the COVID-19 virus (also known as novel coronavirus). This webpage has lots of information regarding:
Northalsted Business Alliance has been sending out communications to member businesses regarding the coronavirus pandemic. This is an archive of all newsletters sent up to this date.
Northalsted Business Alliance is the chamber of commerce working to enhance the economic vitality and quality of life in our district through programming, services, and events that celebrate our LGBTQ+ history, promote tourism and foster a welcoming, safe community for all.
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