Combating COVID-19

Combating COVID-19 2020-04-03T22:04:11+00:00

The City and our partners are working to provide needed assistance for Businesses Combating COVID-19. Our regional partner, the GPEDC, has the most comprehensive information/resources for businesses so please check it daily at www.gpcovid.com. If you have a question, please send to economicdevelopment@peoriagov.org, or call 309-494-8640.

The Small Business Owner’s Guide to the CARES Act serves as a comprehensive guide about the major programs and initiatives that will soon be available from the Small Business Administration.  Download the guide below.

City of Peoria COVID-19

For Peoria businesses we are providing subject specific information or highlighting key documents/links below.

Essential Business Operations

Executive Order 20-10 requires all non-essential businesses and operations to cease all activities except for minimum basic operations. Non-essential businesses may also continue operations consisting exclusively of employees or contractors working from home. A helpful FAQ and DCEO’s flow chart and guidance for a business to determine if they are “essential” is here and below:

Business Notices for Combating COVID-19

The following notices have been sent to businesses who have signed up to receive updates on business development information, news, and programs. Feel free to add your businesses to the list here.

Restaurants

Restaurants! Update Your Listings!
If you want consumers to find your restaurant, please register or update your lists on all your on-line directories (Facebook, LinkedIn, yellow pages, etc.).  Make sure you provide updated information on hours, drive-up, delivery, and curb-side service.  Below are a few platforms to list your business and instructions:

Restaurant Employee Relief Fund (Opens April 2)
Grants of $500 will be made, on a first-come-first-serve basis, to restaurant industry employees who have demonstrated being financially impacted by COVID-19, whether through a decrease in wages or loss of employment. Check your eligibility now and apply starting April 2nd here. This Fund is operated by the National Restaurant Association Educational Foundation, whose mission is to attract, empower and advance today’s and tomorrow’s restaurant and foodservice workers.

Loans

SBA Economic Injury Disaster Loan
The SBA’s Economic Injury Disaster Loans offer loans up to $2 million, 3.75%, 30 year loan terms to small businesses to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Bradley University’s Illinois Small Business Development Center is positioned to assist.  Please check here.

Illinois Small Business Emergency Loan Fund
Small businesses with fewer than 50 workers and less than $3 million in revenue in 2019 can apply for a low-interest, working capital loan up to $50,000 over 5 years, with no payments the first 6 months. Businesses wil be able to submit their application April 1, have a loan decision and disbursement of funds within 12 days of receiving bank information. Businesses will be able to complete an “interest form” on this web page on Friday, March 27, 2020.  DCEO and the Illinois Department of Financial and Professional Regulation (IDFPR) are administering this program.

Paycheck Protection Program – (Opens April 3)
The Paycheck Protection Program (PPP) can apply through individual banks that are approved SBA 7a lenders. The program starts as a loan and converts into a grant.  You can borrow 250% of your monthly payroll and have all or a good portion of the loan forgiven amounting to 8 weeks of payroll, rent, and utility payments.  Whatever balance remains, if any, will be result in a 10-year, 4% loan with deferred loan payments from 6 to 12 months. You can download a sample and get more detailed information here.

Local Sources for Debt Financing
The City and its partners have a variety of “gap financing” loans to compliment private bank financing. Please download the Financing Matrix below for more information:

Grants

Grants (free money) come in many shapes and sizes, and the goal is to apply for those grants that move your business forward. Below are documets to help research available grants, help prepare you to be “grant ready”, and also details on key grants.

Paycheck Protection Program – (Opens April 3)
The Paycheck Protection Program (PPP) can apply through individual banks that are approved SBA 7a lenders. The program starts as a loan and converts into a grant.  You can borrow 250% of your monthly payroll and have all or a good portion of the loan forgiven amounting to 8 weeks of payroll, rent, and utility payments.  Whatever balance remains, if any, will be result in a 10-year, 4% loan with deferred loan payments from 6 to 12 months. You can download a sample and get more detailed information here.

Verizon Small Business Recovery Fund (Deadline April 4)
Verizon has provided a $2.5 million fund to provide small business grants impacted by the COVID-19 pandemic. Approved businesses will can apply through LISC for a $10,000 grant to cover operational expenses (rent, utilities, vendor payments, liability holders, payroll, etc.). Applicants should indicate they were referred by LISC in question 14 and to enter “Karen Davis” in the “Other” section of that question. Check eligibility and apply here before deadline Saturday, April 4th, 11:59 p.m. ET.

GoFundMe’s Small Business Relief Fund
Receive a $500 grant through GoFundMe has partnered with Yelp and Intuit QuickBooks to help small business owners keep their businesses thriving throughout the coronavirus pandemic. Through the Small Business Relief Fund, qualifying businesses that have raised at least $500 on GoFundMe can receive a matching $500 grant. To find out if you’re eligible and learn about the process, read the Small Business Initiative FAQs.

Facebook Grants for Small Business
Facebook is awarding $100 million in grants and ad credits to 30,000 small businesses in over 30 countries. Learn more here.

Other Programs

A growing number of companies are offering their online tools, classes, and resources at no cost in response to the impact on small-business owners from the coronavirus.  Inc. is curating and continuously updating here.

Employee Retention Credit
The Treasury Department and the Internal Revenue Service launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll.  The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. More information from the Treasury Department here and information from the US Senate Committee of Finance here.

Employment/Unemployment

Information for Job Seekers and Companies Hiring
Job seekers can subscribe to receive job postings by registering their email at www.careerlink16.com.  Jobs are also posted on IDES’ JobLink job board.  All unemployment benefit recipients must register and use Illinois JobLink as part of their job search.  Employers can also search resumes and post jobs on Illinois JobLink.  

Filing for Unemployment
With IDES physical offices being closed, unemployed workers have two options for filing for unemployment: call 1-800-244-5631 or visit https://www2.illinois.gov/ides.

Business Resources, Guides, and FAQ’s

State of IL – FAQ’s
There are a batch of FAQ’s specifically for Stay at Home Order, Education, Food Service, Health Care, and the Unemployed here.

Internal Revenue Service – FAQ’s
Tax Credits and other Tax reporting is available here.

City of Peoria – Liquor Licenses
The City has prepared a FAQ for existing and new liquor license holders here.

Peoria Area Chamber of Commerce
PACOC has assembled business resources here. Also included is an interactive map showing restuarants providing curb-side, delivery, and drive-up services.

Peoria Area Convention & Visitors Bureau
The PACVB provides the latest information on Hotel & Event Updates here.

Guidance for Hotels
The Illinois Department of Public Health issued guidance to hotel operators here.

Guidance for Plumbing Professionals
Guidance here for plumbing professionals.

Illinois Manufacturers Association FAQ
IMA has put together an FAQ on COVID related business issues here.  While geared towards manufacturing, it is relevant for all types of business operations.

Donate/Volunteer Opportunities

Donate:  The Community Foundation of Central Illinois will channel monetary donations for the Central Illinois Disaster Recovery Fund.  You can donate here.

Volunteer: The Heart of Illinois United Way has created a dedicated portal to organize volunteer opportunities in response to the COVID-19 health crisis.  The portal can be viewed here.  

Public Health Information

Local: Link to either the the City or County’s website and go to the COVID-19 banner link here This fact sheet and will be updated regularly.

211: The Heart of Illinois United Way 211 (http://211hoi.org/) has information on COVID-19. In addition to the website, citizens can call 211 or 309.999.4029 for information.

STATE:  Illinois Department of Public Health’s COVID-19 website is coronavirus.illinois.gov.

FEDERAL:  The CDC website is https://www.cdc.gov/coronavirus/2019-ncov/index.html

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