The Kankakee and Iroquois Counties COVID-19 Community Response Fund announced today it has distributed an additional $320,000 to 17 organizations serving Kankakee and Iroquois counties. The fund established by the United Way of Kankakee and Iroquois Counties and the Community Foundation of Kankakee River Valley also announced it has raised more than $650,000 since its launch in late March, including a $200,000 grant from the Illinois COVID-19 Response Fund in late May. With this most recent round of funding, the Kankakee and Iroquois Counties Response Fund has made grants of $570,000 to 30 unique organizations.
The Economic Alliance works diligently to report in a timely manner on things like local business expansion, new business development, new and enhanced development incentives, economic news and other items of interest to our community investors and investor prospects.
SBA’s EIDL portal reopened May 4 and is accepting new EIDL applications on a limited basis only to provide relief to U.S. agricultural businesses.
To support small employers through the COVID-19 national health emergency, the Illinois Department of Commerce & Economic Opportunity (DCEO) has announced the availability of new U.S. Department of Labor WIOA grant funding for layoff aversion, planning and rapid response.
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, self-employed and independent contractors, franchise owners, as well as certain non- profits and other employers.