News from the Reference Desk Category: Economic

Cook County COVID-19 Recovery Small Business Assistance program

Cook County has launched a new program that will provide support for small businesses impacted by the COVID-19 pandemic. The program will offer advising for small businesses in Cook County and grants for small businesses in suburban Cook County and the unincorporated areas.

The program is offering three types of relief:

  • Group webinars  serve as guided, interactive sessions that start to get you thinking about how your business has been impacted and how you may want to pivot your business.

  • Cook County / Chicago Business Advising Program, also known as technical assistance (TA), helps you address the unique needs of your business, including acquiring new capital and customers, understanding financial, change and risk management, adjusting business models, and operating under new safety regulations.

  • Cook County Recovery Grants, $10,000 recovery grants for small businesses in suburban Cook County that have seen losses due to COVID-19.

Applications will close on October 6th (subject to change).

To understand if your business is eligible and to apply for relief, please visit: cookcountysmallbusinessassistance.com.

Deadline approaching for receiving stimulus money

The Consumer Financial Protection Bureau (CFPB) states there are millions of people who are eligible to receive their Economic Impact Payment under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, who haven’t claimed it yet. These individuals have until October 15, 2020 to claim their stimulus payment this year.  As the deadline approaches, download their recently released guide and find out if you are eligible, or ask your Business Librarian.

 

Kick Start Your Small Business FREE SBA webinar Sept. 2

Has your small business reached a crossroads? Bring your questions to this interactive webinar as we discuss techniques for revitalizing your business plan. Learn how SBA programs and services can be the tools you need to make sound decisions for your business.

REGISTER HERE to receive log on instructions emailed to you. Please note, this event will be on the Microsoft Teams platform. There is no dial-in number; you must join online. The Safari browser is incompatible. Email the Illinois District Office with questions at ILLINOIS (dot) DO (at) sba (dot) gov.

https://www.eventbrite.com/e/kick-start-your-small-business-tickets-117434643179

 

Insurance Calculators

ValChoice, an independent data analytics company focused on the U.S. insurance industry, is offering our patrons unlimited access to online calculators, insurance company ratings, tutorials and “how-to” videos, worksheets, and other tools designed to help users understand how insurance—such as car and home insurance—is priced, and how to decide on policies based on their age, deductibles, coverage limits, and other factors.

This Illinois car insurance estimator lets you calculate auto insurance costs customized to your age, location, driving record, vehicle, etc. Your personal information is only used to calculate insurance price.

Use this Illinois home insurance calculator to estimate home insurance costs based on home replacement value and location. Your personal information is only used to calculate insurance price.

Educational videos that can guide you on how to use these calculators can be located here.

What to Do when Debt Collectors Call

From the Consumer Financial Protection Bureau (CFPB)

Learning about your rights can help to prevent problems and avoid scams during this stressful time. If you have outstanding debts, you can use the When debt collectors call tool from our Your Money, Your Goals financial empowerment toolkit to be prepared to respond to debt collectors.

The tool will help you to:

  • Take action to verify whether the claim is valid
  • Know how to dispute the claim if you do not owe the debt
  • Know what to do next if you do owe the debt

This information can also help you be prepared to avoid scammers who may pose as debt collectors to get you to pay on debts that you don’t owe.