The City of Waukegan CDBG Program is administering a special allocation of CDBG funds, totaling $106,570, to be used to prevent, prepare for, and respond to the coronavirus disease 2019 (COVID-19) pandemic. This allocation was authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) passed by the Federal government on March 27, 2020. The City of Waukegan CDBG Program will use these funds to aid in the stabilization of existing small brick and mortar businesses within the City of Waukegan that have had significant business disruption due to the impact of the COVID-19 pandemic.
Business Requirements
- Independently or family-owned businesses with no more than 25 employees
- Documented business interruption as a result of the COVID-19 pandemic and related emergency declaration, resulting in financial loss
- Business must have been opened prior to December 31, 2019 and operating on March 1, 2020
- Must be a Sole Proprietorship, Partnership, S-Corporation, Corporation, Individual, or LLC/LLP
- Active business physically located in the City of Waukegan, with a net annual business income of less than $500,000 based on their 2020 federal tax return
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El Programa CDBG de la Ciudad de Waukegan está administrando una asignación especial de fondos CDBG, por un total de $ 106,570, que se utilizará para prevenir, prepararse y responder a la pandemia de la enfermedad por coronavirus 2019 (COVID-19). Esta asignación fue autorizada por la Ley de Ayuda, Alivio y Seguridad Económica del Coronavirus (Ley CARES) aprobada por el gobierno federal el 27 de marzo de 2020. El Programa CDBG de la Ciudad de Waukegan utilizará estos fondos para ayudar en la estabilización de los pequeños negocios de ladrillo y mortero existentes dentro de la Ciudad de Waukegan que han tenido una interrupción significativa del negocio debido al impacto de la pandemia de COVID-19. Encuentre más información en https://www.waukeganil.gov/DocumentCenter/View/5968/CDBG-Waukegan-for-the-Small-Business-CARES-ACT