COVID-19: Business Response

Restore Illinois: Phase 4 Information

Business Assistance Programs Summary Table

Our Community Development Department has published a helpful table that summarizes various programs that can assist business owners in this time of crisis. Click on the image below for various program pages, FAQ’s, and applications.

Village’s Economic Relief Package

  • Small Business Tax Rebate Program – The Wilmette Village Board unanimously approved a $375,000 economic relief package to support small businesses in the Village which have been negatively impacted by the current public health crisis. The program will provide immediate financial support to restaurants, retail stores and other local merchants through a municipal sales tax rebate program. The program aims to provide a rebate that amounts to 50% of annual municipal sales tax receipts for applicable Wilmette businesses.
  • Service Business Assistance Grant Program – The Wilmette Village Board unanimously approved a $156,000 economic relief package to support small service-based businesses which have been negatively impacted by the current public health crisis. The program will provide immediate financial support to various service-based businesses through a grant program. The grant program will rebate half of one percent (0.50%) of a business’s annual revenues, and the grant will be limited to a maximum initial benefit of $1,500.

How to Support Local Businesses

State of Illinois

Cook County

  • Community Recovery Fund: This loan fund offers one-time, zero-interest loans of up to $20,000 for small businesses and up to $10,000 for independent contractors in suburban Cook County. Businesses must be located in suburban Cook County.

Small Business Administration (SBA) Resources for Small Businesses

  • After submitting documentation demonstrating the impact of COVID-19 on more than 3,000 businesses across the state, Gov. Pritzker announced that the U.S. Small Business Administration has approved the state’s eligibility for disaster assistance loans for small businesses facing financial hardship in all 102 counties due to COVID-19. Eligible businesses can apply for up to $2 million in low-interest loans to help offset the economic impact of the coronavirus pandemic.

 

Note: This webpage will be updated and revised as necessary. This page was last updated September 21, 2020.

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