Illinois Administrative Code
Title 14 - COMMERCE
Part 690 - BUSINESS INTERRUPTION GRANT PROGRAM
Subpart B - FINANCIAL ASSISTANCE TO SEVERELY IMPACTED AREAS, BUSINESSES, AND INDUSTRIES
Section 690.120 - Prioritizing Severely Impacted Businesses and Industries
Universal Citation: 14 IL Admin Code ยง 690.120
Current through Register Vol. 48, No. 38, September 20, 2024
a) The Department will provide targeted funding opportunities for industries and businesses most impacted by the COVID-19 emergency. In determining which industries and businesses to prioritize, the Department will consider the impact of compliance with the COVID-19 Prevention Directives on business operations or impact of the COVID-19 emergency on the workforce. The Department will also prioritize funding to qualifying small businesses. The targeted funding opportunities will be announced on the Department's website.
b) Targeted funding opportunities to qualifying businesses will include financial assistance to:
1) Bars and restaurants that: earned between
$80,000 and $3 million in revenue in 2019, or a pro-rated amount of revenue if
the establishment was in business for less than the entire year; operated for
at least the three months prior to March 2020; did not provide outdoor food and
beverage service during phase 3 of the Restore Illinois Plan; and incurred
necessary expenditures of at least $10,000 since March 21, 2020.
2) Businesses in severely disproportionately
impacted areas that: earned between $80,000 and $2 million in revenue in 2019,
or a pro-rated amount of revenue if the establishment was in business for less
than the entire year; operated for at least the three months prior to March
2020; and incurred necessary expenditures of at least $10,000 since March 21,
2020.
3) Barbershops and salons
that: earned between $80,000 and $500,000 in revenue in 2019, or a pro-rated
amount of revenue if the establishment was in business for less than the entire
year; operated for at least the three months prior to March 2020; and incurred
necessary expenditures of at least $10,000 since March 21, 2020.
4) Fitness centers that: earned between
$80,000 and $2 million in revenue in 2019, or a pro-rated amount of revenue if
the establishment was in business for less than the entire year; operated for
at least the three months prior to March 2020; incurred necessary expenditures
of at least $10,000 since March 21, 2020; and operated out of a single
permanent location.
5) Qualifying
small business having experienced severe impacts during the COVID-19 emergency,
in particular those whose return to normal activity is limited by phases of the
Restore Illinois Plan or COVID-19 Prevention Directives.
Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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