April 1, 2020

COVID-19 Information & Resources 

The Lakeview East Chamber is committed to providing the latest updates and resources for our community during this difficult and uncertain time. Please visit the below pages on  our website for up-to-date information regarding COVID-19 and small business resources including financial assistance, unemployment benefits, and paid sick leave; restaurants open for delivery/pickup; and donation opportunities for individual businesses and their staff. 

States are incentivized to waive the traditional one-week waiting period for unemployment compensation.

Please scroll down to the Government & Business Affairs sections for specific updates and resources.

Please exercise patience with our staff as we continue to update these resources in real-time. We will continue to try our best to keep you updated in as timely a manner as possible. 

Coronavirus Aid, Relief, and Economic Security Act (CARES Act) H.R. 748

UNDERSTANDING THE FEDERAL STIMULUS PACKAGE

We understand it can be overwhelming to digest the Federal Stimulus Package.  Please click here for a more concise breakdown on our website. Overview includes information regarding:
  • Paycheck Protection Program
  • Emergency EIDL Grants
  • Entrepreneurial Development
  • Subsidy for Certain Loan Payments
  • Expanded Unemployment Assistance
  • 2020 Recovery Rebates for Individuals
  • Payroll Tax Credit Refunds for Families First Coronavirus Response Act
  • Special Rules for Use of Retirement Funds
  • Paid Leave for Rehired Employees under Families First Coronavirus Response Act
  • Employee Retention Credit
  • Delay of Payment of Employer Payroll Taxes
Applications for the Chicago Small Business Resiliency Fund Are Open Now

The City of Chicago has established the
$100 million Chicago Small Business Resiliency Fund (the Resiliency Fund), which will provide small businesses and non-profits with emergency cash flow during this health crisis. Funds will be provided to eligible businesses as low-interest loans.

The Resiliency Fund is structured to complement the new federal Paycheck Protection Program that the Small Business Administration (SBA) will launch shortly. The City and its partners will seek to provide all Resiliency Fund loan applicants with the best offer available, including from the SBA's new program.

Due to the high expected demand, the number of Resiliency Fund loans will be limited. Applications will be reviewed on a rolling first-come, first-served basis. We recommend applying as soon as possible.


BUSINESS REQUIREMENTS
To be eligible for a Resiliency Fund loan, a small business must meet the requirements detailed below.
Please note that the application must be completed and submitted by the owner of the business with the largest ownership interest. (Note: if two or more owners have equal ownership of the business, one of the owners with equal ownership will be required to fill out the online application.)
  • Employ fewer than 50 employees, 50% of whom are Chicago residents
  • Have realized gross annual revenues of less than $3 million pre-COVID-19
  • Have suffered a revenue decrease of at least 25% due to COVID-19
  • Be located in the City of Chicago and have been in business for at least 1 year at of the date of application
In the event that you/your business does not qualify for this program, please look at the 
City's resource website or LakeviewEast.com to find other programs that may meet your needs.


Businesses Opening Soon in Lakeview East!
Breakfast House  - 3928 N. Sheridan
CMX: The Cinema Experience -  1027 W. Addison   
CVS - 1035 W. Addison
Cuddle Bunny  - 2901 N. Clark
Dance on Broadway  - 3126 N. Broadway
Cumin - 1039 W. Belmont Ave
Everbrook Academy -  538 W. Diversey Pkwy
Storefront Opportunities

Are you or anyone you know, looking to move their business to Lakeview East? You can view Storefront Opportunities on our website here!

Overview of the Families First Coronavirus Response Act for Employers

Hinshaw & Culbertson has provided an overview of the Families First Coronavirus Response Act that was signed into law by President Trump last night. The law expands FMLA along with separate paid sick leave benefits to American workers. The law becomes effective April 2, 2020, and it also contains a sunset provision.

The summary contains key facts for (1) paid sick leave benefits and (2) the expansion of the family medical leave provision. As a threshold matter, employers will want to understand if they are subject to the new law, and which of their employees are entitled to the benefits. The summary also identifies the qualifying reasons for either sick pay benefits or expanded paid FMLA leave. Finally, among the important components are the compensation requirements and applicable caps.

Online Training Available for Small Businesses Impacted by Coronavirus

Led by the Lakeview East Chamber of Commerce:
Led by the Illinois SBA Office:
All Illinois small businesses can now apply for low-interest disaster loans to help offset the economic impact of the coronavirus pandemic. The Illinois District Office will host free webinars as long as there is demand covering:
  • Eligibility
  • Use of proceeds
  • Terms
  • Filing requirements
  • Additional small business resources
Choose the date and time most convenient for you. Click here to register now.

Led by the U.S. Chamber of Commerce:
Upcoming Calls - We will continue to hold regular calls to give you updates on the latest developments and provide additional resources to help you assist you members.  Here is a list of this week's upcoming calls:
2020 Census Information and Resources

For more information, please visit the following resources:

The Lakeview East area is bustling with new development.  For development projects visit our website  here.
   

  Sewer Main Replacement Project#7322
Department of Water Management (DWM) crews are installing 840 feet of new 24- inch sewer main in W Barry Ave from N Broadway to 200' east of N Pine Grove Ave. The old sewer main needs to be replaced to create a more reliable and efficient system.
 
For more information read here.

The Lakeview East Chamber of Commerce has pulled Sidewalk Sale Permits for the following addresses and weekends throughout the Summer and Fall. If you plan to have a Sidewalk Sale or Sidewalk event, you will need to have the printed permit displayed. We are still waiting on the physical permits and will send them to you once we have them. Until then, please see the dates we have pulled the permits for here.
RED PURPLE MODERNIZATION (RPM) PROJECT-SIGN UP FOR ALERTS!  

Construction has begun for the five year phase of the RPM project.  To find out more about this project please visit the RPM website here.  The modernization project has many steps, and it is important to know when and how you or your business may be affected.  Sign up for construction impact alerts in your community  here . 
ChibizHub is an online platform build by the City of Chicago to help connect small businesses with service providers.
19th District Community Alternative Policing Strategies (CAPS)

The 44th Ward is served by the 19th District (bounded by Lawrence, Lake Shore Drive, Fullerton, and the Chicago River). Each police district is divided in beats, and each beat has a team of beat officers assigned to it. Police representatives from these teams and local community leaders conduct the CAPS meetings. For more information on CAPS, visit the Chicago Police Department's web page,  How CAPS Works . 

Upcoming CAPS Meetings are postponed until further notice. 

Virtual Programming from the Belmont Theater District

Just minutes from downtown in Chicago's Lakeview and Lakeview East neighborhoods, the Belmont Theater District is home to more than 50 theaters and hundreds of shops and restaurants within a short walking distance. 

Amidst recent suspension of group gatherings and, thus, live performances, many Belmont District Theaters have opted into providing digital, remote and streaming programming for patrons to enjoy from the comfort of their own homes. 


  

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