In response to the Coronavirus (COVID-19) pandemic and its effect on small businesses, the Village of Schaumburg has created a small business grant program. The objective of this grant is to help businesses retain employees at pre-COVID-19 levels. The village is offering small business owners in Schaumburg a 50% match of operating expenses for two months (up to $10,000 total for each business) to help retain employees. The village has allocated $100,000 to this program, with funds available on a first come, first served basis.
Businesses must:
Businesses must:
- Be located within the Village of Schaumburg
- Demonstrate that the COVID-19 outbreak caused a decrease in revenue
- Employ between 1-5 employees/contract employees (not including owner/s) in total across all locations
- Have less than $1.5 million in gross annual revenue
- Have been in operation for at least 1 year
- Have no outstanding tax liens or legal judgments
- Not receive, or have received, assistance through other programs intended for this purpose such as the SBA’s Economic Injury Disaster Loan program or PPP
Additional COVID-19 Resources
The village is maintaining a webpage with links to several resources available through federal, state and trade organizations. New resources are being added regularly as they become available. Click on the link below to access the Village of Schaumburg Business Resource Page.
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