Schaumburg Small Business Grants
DIRECTIONS FOR FILLING OUT APPLICATION:
1. The application cannot be saved to continue at another time. Once you start you must finish. Your application will not be saved.
2. We strongly recommend you download a copy of the PDF application and have the requested attachments completed and ready to attach before you begin the online application. All attachments can be found here: https://www.centerofconcern.org/schaumburg
3. Fill out the form completely. If you are missing the required information the application will be unable to submit/send. “*” is an indication of required fields within the application.
4. When you have completed and uploaded the attachments click on the “SUBMIT” button on the top right of the application page. This action will automatically send your application to our staff and you will receive an email confirming receipt of the application.
Questions will be answered within 48 hours (this excludes weekends or holidays). If you prefer to speak directly to one of our staff, please call 847-701-4705 or email our Community Support Specialist, Schoen Aldrich at: [email protected]
On March 11, 2021, the American Rescue Plan Act (“ARPA”) was signed into law and established the Coronavirus State Fiscal Recovery Fund and Coronavirus Local Fiscal Recovery Fund, which together make up the Coronavirus State and Local Fiscal Recovery Funds (“SLFRF”) program. The SLFRF program provides $350 billion to state, territorial, local, and tribal governments to assist in responding to the economic and public health impacts of COVID-19 and assist in their efforts to mitigate impacts on their communities, residents, and businesses.
The Village of Schaumburg has allocated $245,000 to provide grants of up to $30,000 to small businesses defined as having 50 or fewer employees. Submissions will be accepted on a rolling basis until grant funds are expended.
- 4 employees or less…….$10,000
- 5-10 employees………….$15,000
- 11-50 employees………..$30,000
Approved uses of funds:
- Operating capital (payroll and lease payments are capped at 50% of total grant award)
- Workplace protective equipment used to respond to COVID-19 (masks, gloves, sanitizers, sneeze guards, partitions, etc.)
- Exterior improvements (prevailing wage and additional HUD regulations will apply)
- Correct code violations
To qualify for ARPA funds the business must:
- Have a physical location (Brick- and-Mortar) in a Schaumburg commercial area.
- 50 or fewer employees.
- Be able to demonstrate they experienced a negative impact from COVID-19 based on 2019-2021 gross sales receipts with a decline of at least 20%.
- Have been in operation in Schaumburg for at least two years
- Not on the Federal Debarred list (System for Award Management (SAM)
And at least one of the following:
- Business is in Low-to Moderate-Income (LMI) census tract
- Business owner/s are LMI (household income is less than $52,200 for a household of one (Click here for chart)
- Funding will help retain 51% (depending on the number of employees) of full-time equivalent position/s for a person/s from a low and moderate-income (LMI) household as per HUD income guidelines who are at imminent risk of job loss without the funding. The employee must have been on payroll as W-2 worker/s and be considered LMI to be considered for retention.
- Women or minority-owned businesses as defined by divisions 6 and 8 of the Cook County Procurement Code found here: (cookcountyil.gov/service/mbewbevbe-certification)
- U.S. Veteran-owned business (51% or more ownership is a U.S. Veteran)
- Disproportionately impacted industries: Travel, Tourism, Restaurants, and Hospitality
· Not for profits
· Religious uses
· Grocery stores
· Hardware stores
· Resale shops
· Pawn shops
· Flea markets
· Tattoo establishments
· Packaged liquor stores
· Retail tobacco stores
· Fortune-teller establishments
· Massage establishments
· Gun clubs and shooting ranges
· Medical and recreational cannabis establishments
· Drug paraphernalia/head shops
· Payday loans & currency exchange uses
· Billiard halls
· Adult entertainment
· Video gaming establishments
· Home-based businesses
Funds May not be used for the following:
- Duplicate expenses that an applicant has received assistance from other programs (may not duplicate dates or time periods of funding), including but not limited to the Payroll Protection Program or Economic Injury Disaster Loan Program
- Acquisition of vacant land
- Governmental uses or expenses
- Political activities
- Religious activities
- Personal property
- Existing debt before March 1, 2020
Grant Application Procedure
- Applications must be submitted ONLINE using the “Apply Now” button below.
- Applications will be accepted in order of submission with grants awarded on a first-come, first-served basis until the funds have been allocated.
- Grants will be awarded to those businesses that submit timely, fully completed applications that meet the criteria set forth by the Village of Schaumburg.
All applications must follow the formatting described below:
- Only one application per business will be accepted.
- Required and supporting documents shall be labeled.
- Extraneous information will not be considered.
- Required documents must be submitted with this application.
- The full application with signature must be submitted online to the Center of Concern using the “Apply Now” button below.
Online Application Form
- The online application cannot be saved to continue at another time. Once you start you must finish.
- We strongly recommend you download a copy of this PDF application and have the requested attachments completed and ready to attach before you begin the online application.
- Fill out the online application completely. If you are missing the required information the application will not be able to submit/send. “*” is an indication of required fields within the online application.
- The following documents can be uploaded into the application and submitted are found by clicking on the document name below:
- Income Verification Business Owner Low-Moderate-Income (LMI) Household Form
- Business Owner Verification to retain and or create 51% or greater Low-Moderate-Income (LMI) Jobs Form
- Use of Grant Funds
- Documentation of other Funds received
- Applicant Certification
The Village of Schaumburg reserves the right, at its sole discretion, to award all, a portion, or none of the available funding, and may reject applications based on the quality and/or merits of the application, or when it is determined to be in the public interest to do so. Furthermore, the Village may extend deadlines and timeframe, as needed. The Village of Schaumburg reserves the right to substantiate any applicant’s qualifications, financial information, capability to perform, and availability. The Village of Schaumburg and the Center of Concern reserves the right to waive any informalities in the application, to accept any application or portion thereof, and, to reject applications, should it be in the best interest of the Village of Schaumburg or the Center of Concern to do so.
Post Award and Sub-recipient Criteria
All awards are subject to the Village’s receipt of its appropriation. All awards are subject to pre-contract negotiations with the recipient. The Village of Schaumburg is committed to monitoring the performance of grant recipients to ensure that Federal funds are used appropriately and, in a manner, to maximize low- and moderate-income public benefit. Monitoring each grant recipient ensures that the goals and objectives are identified. Recipients that do not comply with the Post-Award and Sub-Recipient Criteria listed below will forfeit their award of funds. The forfeited funds will be returned to the Village of Schaumburg for reallocation.