For 1099 workers who have lost work due to COVID-19, a new application portal will open on May 11 via the Illinois Department of Employment Security website. Pandemic Unemployment Assistance (PUA) provides 100% federally funded unemployment benefits for those who are not eligible for the state’s regular unemployment insurance program, the extended benefit program or Pandemic Emergency Unemployment Compensation (PEUC), including independent contractors and sole-proprietors.
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.
In a flash poll of Kankakee County lenders on Monday, the Economic Alliance learned that in the federal Paycheck Protection Program’s initial $350 billion round of emergency funding, more than 1,500 regional businesses were served, with approved loans totaling more than $260 million. According to those polled, the majority of businesses had already received a disbursement. In this initial round, businesses served employ more than 30,000 individuals.