Algonquin Officials Apply For $350K In Business Relief Funding

ALGONQUIN, IL — It's no secret that many businesses nationwide have taken a financial hit due to the coronavirus. Local mom and pop shops in the Algonquin area are certainly no exception.

In an effort to help ease the burden felt my many area businesses, Algonquin village officials announced that they recently applied for $350,000 in funding from Illinois Department of Commerce and Economic Opportunity to distribute to eligible businesses on a first-come first-serve basis as a one-time grant.

Anticipated grant amounts will vary and are intended to be paid within the range of $5,000 to $15,000, proportional to the amount of documented losses. Village staff will review applications and award grant funds to eligible businesses that complete an application and submit required documentation.

Due to the program requirements, village officials said that businesses located in Kane County are not eligible for funding through Impacted Business Relief Program and must apply for relief funding through the Kane County Coronavirus Relief Fund.

For local businesses interested in applying for grant funding, see below:

1. Review the program guidelines and applications instructions:
   • Kane County Businesses:
     • Kane County Business Grant Program (Round Two)
   • McHenry County Businesses:
     • Algonquin Impacted Business Relief Program
2. Complete the required application materials:
   • Kane County Businesses:
     • Kane County Grant Application
   • McHenry County Businesses:
     • Village of Algonquin Grant Application
3. Submit completed applications by appropriate deadline:
   • Kane County Businesses:
     • No Deadline, however, businesses are encouraged to apply as soon as possible.
   • McHenry County Businesses:
     • Dec. 4, 2020 (5 p.m.), however, businesses are encouraged to apply as soon as possible.
     • Submit application materials by e-mail to timschloneger@algonquin.org.