September 26, 2021

Morning News

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Libertyville’s COVID-19 reduction grants target companies strike most difficult by pandemic

Starting up at noon Wednesday, eligible Libertyville organizations can use for a $1,000 COVID-19 aid grant to address expenditures not reimbursed by other programs.

The Superior Five grant plan is being made available by the village utilizing its share of federal American Rescue Act money dispersed to point out and neighborhood governments.

“We know the need is still there for numerous enterprises,” stated Heather Rowe, the village’s financial progress manager.

“We worked with regionally-owned BeeLine Communications to appear up with a title and emblem that would be both recognizable on all our grant communications and relayed our fascination in striving to give a serving to hand to our community enterprise local community,” she additional.

Commercially-zoned firms with walk-in site visitors, these kinds of as dining places, retailers, and salons, will be presented priority through the 1st 30 times of the 45-working day method.

Also all through that time, 25% of the resources will be reserved for companies that are at the very least 51% lady or minority-owned.

Go to http://www.libertyville.com/HighFive for eligibility and other aspects.

Federal rescue resources are administered by the point out and distributed to communities in two equivalent installments a calendar year apart. The money can be applied to exchange profits misplaced by the financial influence of the pandemic.

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Village officials in April specific the general fund, which relies in portion on gross sales tax income, for the bulk of the rescue funds. More compact quantities will go to the hard strike resort/motel tax and commuter parking cash.

At the time, $100,000 also was specified for a organization help system with up to 200 firms just about every suitable for a $500 grant.

The village at first anticipated to obtain about $2.5 million in total funding. Having said that, following the state’s closing calculation, Libertyville’s share rose to about $2.75 million.

With that, the village doubled the whole organization grant amount of money to $200,000 and the personal grants for up to 200 enterprises to $1,000.

“We acknowledge and enjoy the stress our firms have carried throughout the pandemic as they have consistently tailored to securely serve our citizens and readers,” Mayor Donna Johnson said in the system announcement.

“This effort and hard work has arrive at a considerable expense,” she included. “The hope is that this grant can aid in relieving some of the expense, allowing for the businesses to otherwise use their sources in their functions.”

The program is meant to aid offset “remarkable bills” incurred by local firms but not reimbursed by other pandemic-connected grants or forgivable mortgage plans.

“It is really a small hard to determine just how people will answer but we know there is certainly a considerable volume of fascination,” Rowe reported,