Westmont, IllinoisDate Issued: May 13, 2020
DuPage County recently announced it will launch Reinvest DuPage, a grant relief program developed in partnership with Choose DuPage for small businesses and independent contractors. The program will provide grants to sustain some businesses impacted by COVID-19.
DuPage County plans to launch the online-only application portal on May 18 at 9 a.m. Prior to the launch, Choose DuPage has scheduled a webinar on May 15 at 11 a.m. to discuss the program with DuPage businesses. Businesses can register for the webinar via their website at www.choosedupage.com.
DuPage County will fund this initial program with $7 million in monies received under the federal CARES Act. Choose DuPage will administer the plan with support from DuPage County and local banking and financial experts.
“We are well aware of the devastating impact the COVID-19 pandemic has had on our small business community,” said County Board Chairman Dan Cronin. “We believe establishing this small business relief program will sustain some businesses until they can safely reopen.”
The program will provide grants of up to $15,000 for DuPage County-based businesses with fewer than 15 full-time employees and less than $1.5 million in annual revenues. Monies received under the program may be used for payroll, rent, mortgage payments, utilities, and other expenses necessary to maintain operations. A 1099 contractor whose annual income is less than $100,000 can also receive relief through the program.
Recipients may not have received assistance from either the federal Paycheck Protection Program, the Economic Injury Disaster Loan, any state hospitality grant, or any local loan or grant program.
For more information, contact Choose DuPage at email@example.com. Please allow up to 3 business days for a reply.
Contact: Larry McIntyreVillage of WestmontCommunications Director/Public Information Officer630firstname.lastname@example.org