On Tuesday, the Shorewood Village Board unanimously approved several measures to assist small businesses that are struggling due to the pandemic.
The centerpiece of this effort is the creation of the Shorewood CARES Small Business Relief Program.
This program makes $350,000 available to eligible businesses for the reimbursement of payroll and rent/mortgage expenses. Businesses may seek up to $10,000 in assistance.
The funding source for this program is the village. However, the financial flexibility that makes this program possible is due to an allocation of Coronavirus Aid, Relief, and Economic Security, or CARES, Act funds from the federal government that was given to Will County and distributed to local units of government.
If the $350,000 grant pool is exhausted, the Village Board may consider increasing the total funding level.
Interested businesses may apply online beginning Nov. 16.
The Village Board also waived the 2021 business and liquor license renewal fees for all existing license holders, except for large, national retailers that were considered an essential business by the Governor’s Executive Order this spring.
“Our small businesses are facing unprecedented challenges and the Village is taking action to help them survive,” Mayor Rick Chapman said in a news release.
The Village Board took several business-friendly steps earlier this year, including the creation of the temporary outdoor dining program, a moratorium on temporary signage and expanded privileges for liquor license holders.
In April, the Village created the Utility Relief Program, which waived up to two months of fees for water, sewer, and refuse services to qualifying Shorewood residents. More than $126,000 in fees were waived for 137 households.
For more information, call 815-741-7710 or visit vil.shorewood.il.us.