ILLINOIS (KFVS) - Governor JB Pritzker announced a three-month extension of the income tax filing deadline.
The deadline was moved from April 15 to July 15. The Department of Revenue will continue to process tax refunds for those filing ahead of the new deadline.
On Wednesday, he also announced several new programs to provide more than $90 million in financial relief to small businesses across the state.
The governor announced a new package of emergency assistance programs from small businesses in need of more capital, totaling more than $90 million.
Illinois businesses can apply to the programs by clicking here.
The Illinois Small Business Emergency Loan Fund includes $60 million to support low-interest loans of up to $50,000 for small businesses in every industry outside Chicago.
DCEO and the Illinois Department of Financial and Professional Regulation are partnering with Accion, the Illinois Bankers Association and the Community Bankers Alliance of Illinois to create the fund.
Loans will be supported by a $30 million loan loss reserve, consisting of $20 million of DCEO funds and $10 million in funds secured with the partnership with the Illinois banking community.
Businesses with fewer than 50 employees and less than $3 million in revenue in 2019 will be eligible to apply. If approved, they would owe nothing for six months and will then begin making fixed payments at 3 percent interest for the rest of a five-year loan term.
Applications will be available on DCEO’s website by Friday, March 27.
A new $20 million program, Downstate Small Business Stabilization Program, supports small businesses in suburban and rural counties across Illinois, providing grants of up to $25,000 to small businesses in communities served by DCEO’s Office of Community Development.
These grants will offer businesses of up to 50 employees the opportunity to partner with their local governments to obtain grants of up to $25,000 in working capital. The program redeploys Community Development Block Grant funds to support local small businesses.
Applications will be available on DCEO’s website by Friday, March 27. The grants will be offered on a rolling basis.
The Hospitality Emergency Grant Program, is a $14 million grant program that aims to help small hospitality businesses make ends meet, providing up to $25,000 to eligible bars and restaurants and up to $50,000 for eligible hotels.
These grants are available to support working capital – like payroll and rent – job training and technology to support shifts in operations, like increased pick-up and delivery.
Bars and restaurants that generated between $500,000 and $1 million in revenue in 2019 are eligible for up to $25,000, and bars and restaurants that generated less than $500,000 in revenue in 2019 are eligible for up to $10,000.
Hotels that generated less than $8 million in revenue in 2019 are eligible for up to $50,000. The program repurposes job training and tourism promotion funds to provide this emergency grant assistance.
DCEO has partnered with Accion Serving Illinois and Indiana to administer the grant program and distribute grant awards on behalf of DCEO.
Applications were available on Wednesday, March 25 on DCEO’s website and are due by April 1 at 5 p.m.
All valid, eligible applications received within the five-day window will be entered into a lottery, and grant winners will be notified on April 4.
The Illinois Department of Public Health reported on Wednesday there are 1,865 total confirmed cases of COVID-19 and 19 deaths linked to the virus in Illinois.
That’s 330 new cases and three new deaths reported; a Kane County man in his 90s, a Cook County man in his 60s and a Will County woman in her 50s.
Cases by county can be found on the IDPH website along other resources on COVID-19.
According to IDPH, two correctional officers and one man incarcerated at Stateville Correctional Center tested positive, as well as a contractual worker at Sheridan Correction Center.
The two Statesville correctional officers are recovering at home and the individual who is incarcerated is isolated and recovering in the hospital.
After consulting with IDPH, the Department of Corrections determined staff and men incarcerated at the Sheridan facility were at low to medium risk for potential exposure. The facility was also placed on a 14-day lockdown.
The Franklin-Williamson Bi-County Health Department reported the first confirmed positive case in Franklin County, Ill. on Wednesday.
Gov. Pritzker gave an update on the state’s response at 2:30 p.m. on Wednesday, March 25.
The Stay at Home order, issued by Illinois Governor JB Pritzker, enters its fourth day on Wednesday, March 25.
The order is in place through April 6, but this could change.
The order was issued to help prevent the further spread of COVID-19.
During Tuesday’s briefing, Pritzker said the state is using a two-pronged approach to make sure the state does not face a “worst-case scenario.”
The first measure being taken is the state at home order, limits on gatherings and social distancing.
The second is working to increase healthcare capacity statewide to meet an increase of hospitalizations before it happens.