United City Of Yorkville: Downstate Small Business Stabilization Program

Press release from the United City of Yorkville:

April 28, 2020

The City Yorkville anticipates participating in the Downstate Small Business Stabilization Program. The Downstate Small Business Stabilization Program has been established to provide working capital funds to community’s businesses economically impacted by the COVID-19 virus. The program component makes funds available for 60 days of verifiable working capital up to a grant ceiling of $25,000. The application will be processed through the City of Yorkville, however; the award decision will be made by the State of Illinois. Applications for the program must be made through the City of Yorkville. Grant funds are then given to communities as a pass through to eligible businesses which must document the need for grant assistance. The City of Yorkville is expected to participate on behalf of their eligible businesses.

This press release was produced by the United City of Yorkville. The views expressed here are the author’s own.