News from the Reference Desk Category: Financial aid

Mount Prospect COVID-19 Restaurant Assistance Grant Program

The Village of Mount Prospect Mayor, Village Board of Trustees and Economic Development Commission recognize the financial burden on the Village’s restaurant community, and therefore, the Village has established the Mount Prospect COVID-19 Restaurant Assistance Grant Program, which is a grant program to provide funds to Mount Prospect restaurants that have suffered economic loss during the COVID-19 Pandemic (“Grant Program”). The Grant Program will distribute a grant to eligible local businesses to provide cash for short-term financial operational needs such as payroll, payment to suppliers, payment to service providers, payment of utilities, or rent. The Grant may not be used for capital expenditures.

The Village will be dispersing grants of up to $10,000 to qualifying local restaurants, with a fund total of at least $250,000. To be considered an eligible business to receive a Grant, businesses must meet the following requirements:

  1. Have and maintain a current and valid Village of Mount Prospect Business License;
  2. Not have permanently ceased operations as of the date the funds are to be dispensed (businesses that have ceased operations per the Governor’s “Stay at Home” Order and reopened once the Governor’s “Stay at Home” Order was lifted or otherwise allowed will not be considered to have permanently ceased operations);
  3. Generate municipal sales tax as part of its operations and sales;
  4. Generate food and beverage tax as part of its operations and sales;
  5. Have indoor seating for dining;
  6. Not be part of a chain consisting of more than 4 units;
  7. Not be part of a franchise system;
  8. Not be a private club and must be open to the general public;
  9. Not be a home occupation; and
  10. Show evidence that they have suffered a decrease in municipal sales tax eligible sales from March 21, 2020 to the date of the Application when compared to the same time frame in 2019, to be verified by staff. Restaurants opened more recently will need to show loss of sales from date of opening; and
  11. Be in compliance with Restore Illinois Resurgence Mitigations.

Grant Program’s Terms and Conditions.

Applications must be submitted online.

A link will be published at 9:00 a.m. Wednesday, November 18th at WWW.MOUNTPROSPECT.ORG/RESTAURANTGRANT


FIND OUT MORE HERE!

 

Short-term training scholarship to benefit community members impacted by COVID-19

To help those negatively impacted by the COVID-19 pandemic, Harper College is introducing the Moving Forward Scholarship for short-term training programs.

The scholarship will benefit community members who have experienced job loss, require a career change, or have delayed college or employment due to COVID-19. It awards tuition for several Continuing Professional Education programs including contact tracing, medicinal cannabis, human resources certification preparation, real estate licensing, strategic planning, substitute teaching, truck driving and veterinary assistant training. Technology-focused programs include big data, cybersecurity, networking and web development.

Through the Moving Forward Scholarship, Harper aims to help individuals move from unemployment to employment, achieve additional training for a new career, or advance within an existing career. Special consideration will be given in guiding applicants toward relevant academic certificates and degrees to continue their studies. Scholarship recipients will also receive resources on how to conduct a successful job search. In addition, most CPE programs offer digital badges for participants to share training accomplishments with employers.

To learn more and to complete the application for fall 2020 and spring 2021 courses, please visit harpercollege.edu/pro. Applications will be accepted on an ongoing basis through spring 2021.

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.

 

Your credit and the CARES Act

If you made accommodations with your lenders or creditors due to financial hardships related to coronavirus, follow these steps from the Consumer Financial Protection Bureau (CFPB) to ensure that your credit reports and scores are not negatively impacted. On this page you’ll also find helpful info relating to mortgage relief options, student loans and avoiding scams!

CLICK HERE!