Chicago Area Gay And Lesbian Chamber Of Commerce issued the following announcement on June 26.
Applications are now open for the “Together Now” fund launched this month by Mayor Lightfoot to provide financial relief for Chicago small businesses and non-profits that have experienced economic distress due to COVID-19 or recent property damage. The application deadline is Monday, June 29.
Chicago businesses with property damage will be eligible for infrastructure grants up to $10,000 to help with repair costs. Businesses that have at least a 25 percent revenue loss due to COVID-19 will be eligible for operational grants up to $4,000 to help cover economic losses.
Each business owner is eligible to apply for one infrastructure grant and one operational grant. Select regional or national chain businesses, including franchises, branch banks, and payday loan stores, are not eligible. Other restrictions apply.
The $15 million fund is supported by an initial commitment of $10 million from the City of Chicago, a $1 million contribution from Jewel-Osco, and several million dollars in additional private donations.
The initial round of grants is expected to help more than 2,500 small businesses. Recipients will be selected through a lottery following the close of the application period a week from today.
Visit https://www.chicago.gov/city/en/sites/together-now/home.html for more information
Original source can be found here.
Source: Chicago Area Gay And Lesbian Chamber Of Commerce
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