DuPage County allocates $ 15 million to small businesses hit hard by the pandemic and rushes to apply – CBS Chicago

DuPage County allocates $ 15 million to small businesses hit hard by the pandemic and rushes to apply – CBS Chicago

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Naperville, Illinois (CBS) — No need to say – Last year’s hardships were much harder, especially for local SMEs.

Marisa Avedra of CBS 2 saw her rushing for help in DuPage County on Tuesday night.

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It’s a personal note that customers keep coming Dean’s clothes In Naperville.

“These are the people who make a difference to Dean,” said owner Greg Degiter. “You can buy clothes anywhere.”

But for the first time in more than 60 years of business, family-owned stores were at risk of losing the staff that shaped Dean.

“It was a pain, that is, we are processing the bill and trying to pay our salaries,” said Degeeter.

The second generation owner, Degeeter, does not sugar coat it. The Paycheck Protection Program helped keep all employees on staff when the business declined by 50%. When things resume, he’s only down 20%, but he doesn’t dig out of such a hole so quickly.

“That is, the amount we lost last year can help us a little,” says Degeeter.

His next shot in financial assistance comes from an American rescue program through DuPage County. The board has allocated a $ 15 million grant to SMEs.

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The county opened an application window at 9 am on Monday. They closed it at 2 pm and the reaction was astounding. At that time, they heard from 613 companies.

“Within five hours, we received a total of $ 25 million worth of requests,” Greg Badalov of Choose DuPage told CBS2’s Saavedra over Zoom when Saavedra was surprised at the numbers. “That is, first of all, you can see that we are shaking our heads, which is a strong indication of how much such programs are in demand at DuPage across the United States.”

Badalov is part of a program that helps these companies decide which to cut.

“When we reach $ 15 million, we have the unfortunate job of returning to those businesses and having no money left in the pool,” he said.

Degeeter is confident that it will meet your requirements.

“There was a maximum of $ 50,000 and I applied for the full amount,” he said.

Dean can survive for another 60 years as he plans to use the money to catch up with the bill and continue to pay his people.

“Are you going to get back what you lost? No,” Degeeter said. “Of course this helps, but it’s far from what I’ve lost. All I want to do is try to serve my employees and the community.

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DuPage County hopes to have a short list of companies that have cleared the first hurdle by the end of this week. They have been scrutinized and approved people will be able to see the money by the end of August.

DuPage County allocates $ 15 million to small businesses hit hard by the pandemic and rushes to apply – CBS Chicago

Source link DuPage County allocates $ 15 million to small businesses hit hard by the pandemic and rushes to apply – CBS Chicago

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