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City of O’Fallon Announces Small Business Relief Fund Grant Program

NEWS FROM O'FALLON CITY HALL FOR IMMEDIATE RELEASE
Posted on: November 12, 2020 - 9:34am

O’Fallon, Illinois – The City of O’Fallon has announced the O’Fallon Small Business Relief Fund Grant Program in efforts to stabilize and fortify small businesses negatively impacted by the COVID-19 pandemic. Information can be found at https://www.ofallonillinois.org/ofallon-small-business-relief-fund/.

The O’Fallon Small Business Relief Fund will provide a total of $750,000 in direct payments to small businesses that have experienced significant disruption or temporary closure (a “business interruption”) of their business attributable to the COVID-19 public health emergency.

Grants will be awarded to businesses to help address the cost of business interruption including fixed debts, payroll, accounts payable, lost sales, lost opportunities, and other working capital expenses that could have been recognized had the COVID-19 pandemic not occurred. Priority will be given to targeted small businesses including restaurants and bars, spas and salons, retail stores, and businesses within the tourism and hospitality industry.

“O’Fallon businesses have been hurt by the impact of COVID-19. With returning state restrictions, many are having to think of new ways to stay in business,” said Mayor Herb Roach. “We want to help O’Fallon small businesses with this small business relief grant program. Our business community is part of what makes this community great.”

For the purpose of this program, small businesses are considered privately owned or sole proprietor businesses that have a small staff size. A qualifying business includes self‐employed individuals, Non-Profit organizations, and independent contractors.  

The City will consider staff size, annual revenue, number of locations within and outside of City boundaries, and the extent and nature of the business interruption directly attributable to the COVID‐19 public health emergency when awarding relief funds. Application to the relief fund does not guarantee payment.  

Businesses must meet the following eligibility requirements to apply for the O’Fallon Small Business Relief Fund and be considered for direct payment:
 

  • The business must be a for‐profit enterprise or Non-Profit organization lawfully conducting business in Illinois.
  • Be in good standing with the City of O’Fallon and the State of Illinois (i.e. no tax delinquencies, food/beverage tax and/or hotel/motel tax paid to date and possess valid business registrations and licenses).
  • Have been established and possess a valid Business Registration with the City of O’Fallon, Illinois prior to March 1, 2020.
  • Be in compliance with all relevant laws, regulations, and executive orders from the State and federal government, including the social distancing guidelines as promulgated by the Executive Orders of the Illinois Governor.

Applications are now available at https://www.ofallonillinois.org/ofallon-small-business-relief-fund/. O’Fallon small businesses have until December 4, 2020 to submit their applications to the City of O’Fallon.

Instructions on how to complete and submit the application are available at https://www.ofallonillinois.org/ofallon-small-business-relief-fund/.

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For more information please contact Greg Anderson at 618-624-4500 or email at [email protected].