Is it another “Here we go again?” Let’s hope not!

July 16th, 2020|0 Comments

For the sake of all small businesses, let’s pray that things will not get worse in Illinois. Governor Pritzker and the Illinois Department of Public Health have put forward a deliberate plan that will utilize several layers of mitigations to combat a resurgence of COVID-19 and prevent uncontrollable spread. Illinois has maintained well in the face of resurgences in many spots throughout the country, but if Illinois numbers begin to show a deteriorating situation, the Governor has issued a 3-tiered plan that could ultimately lead to another complete shutdown. Again, please follow the rules for prevention and hope Illinois continues on an improving pathway. Following is a link to the full release of the Governor’s “Actions to Combat a Resurgence of COVID-19” with the triggers and levels of potential shutdowns if the situation worsens:
Stay safe, and please do your part to help curb the virus.

Small Business Grants Still Available

May 5th, 2020|0 Comments

Help is still available for small businesses in east central Illinois to help prevent layoffs. Grants are available through our Local Workforce Investment Area including the counties of Champaign, Douglas, Ford, Iroquois, and Piatt. The Champaign County Regional Planning Commission maintains an office in the Iroquois County Administrative Center and stands ready to help with applications for this DCEO supported program. Information is on their website at:
https://ccrpc.org/…/emergency-assistance-funding-to-suppor…/

It’s worth a look. A simple initial application can get the ball rolling.

CORONA VIRUS RESOURCES

April 2nd, 2020|0 Comments

Below is a list of some of the COVID-19 Resources that we have developed in response to requests from some of our business friends. There is a lot of information at the end of these links. If you need help analyzing any of these programs, message us here or email us at ida@co.iroquois.il.us. We’re all in this together. Stay smart & safe!

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CORONA VIRUS RESOURCES

SMALL BUSINESS RESOURCES

SBA: Coronavirus (COVID-19) Small Business Guidance & Loan Resources 
https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

SBA: Disaster Loan Assistance
https://www.sba.gov/funding-programs/disaster-assistance


STATE OF ILLINOIS DISASTER RESPONSE

COVID-19 Response & Resource Portal
https://coronavirus.illinois.gov/s/

Emergency Small Business Grants & Loans Assistance
https://www2.illinois.gov/dceo/SmallBizAssistance/Pages/EmergencySBAIntiatives.aspx

Illinois DCEO: COVID-19 Assistance for Small Business
https://www2.illinois.gov/dceo/SmallBizAssistance/Pages/Coronavirus-Disease-2019-%28COVID-19%29-Information-for-Small-Business.aspx


GENERAL EMPLOYER TIPS & BUSINESS CHECKLISTS

U.S. Chamber of Commerce COVID-19 Resource Link
https://www.uschamber.com/coronavirus

WHO: Getting Your Workplace Ready for COVID-19
https://www.who.int/docs/default-source/coronaviruse/getting-workplace-ready-for-covid-19.pdf

CDC: Interim Guidance for Businesses & Employers
https://www.cdc.gov/coronavirus/2019-ncov/community/guidance-business-response.html?CDC_AA_refVal=https://www.cdc.gov/coronavirus/2019-ncov/specific-groups/guidance-business-response.html

OSHA: Guidance on Preparing Workplaces for COVID-19
https://www.osha.gov/Publications/OSHA3990.pdf?utm_content=121668119&utm_medium=social&utm_source=twitter&hss_channel=tw-92064349

CORONAVIRUS OUTBREAK

March 24th, 2020|0 Comments

With the continued confusion over the COVID-19 (novel coronavirus) and the escalation of the outbreak, the Iroquois Economic Development Association office has shifted to an overabundance of caution mode. The Iroquois County Administration Center is closed to the public until further notice, but we will be available as always by phone (815-432-0072) or email (ida@co.iroquois.il.us). Both methods will be checked regularly, a minimum of every hour on weekday mornings. The IEDA office is too small for adequate social distancing, but arrangements can be made in larger conference areas if in-person appointments are necessary. Thanks for your understanding and cooperation in this unprecedented situation.

Minimum Wage Tax Credit Available

January 8th, 2020|0 Comments

>>> IMPORTANT! – Illinois SMALL BUSINESSES
A Minimum Wage Tax Credit is now Available
Recover Up to 25 Percent of Wage Increases

The Illinois Department of Revenue (IDOR) is advising small businesses they can utilize the Minimum Wage Credit starting January 1, 2020. The new tax credit is designed to help small businesses offset the state’s minimum wage rate that will gradually increase to $15 an hour over the next six years.

Beginning this year, businesses and nonprofits with 50 full-time equivalent employees or less are eligible to offset a portion of the minimum wage increase cost from their withholding income taxes. The maximum credit amount allowed is 25 percent of the difference between the new minimum wage and what each employee was paid previously. Businesses can claim the credit on their quarterly Illinois Withholding Income Tax Returns. Visit tax.illinois.gov for information on how to calculate this credit.

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