The city of Chicago is establishing a $100 million Chicago Small Business Resiliency Fund.
Illinois businesses outside of Chicago are eligible for the Illinois Small Business Emergency Loan Fund.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act is currently going through Congress, the information below comes from the version passed by the Senate. It has not yet been voted on by the House of Representatives. Discussions are still ongoing.
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This post, current as of March 27, 2020 at 8:30 a.m. (CDT), identifies the states where “stay at home” orders are effective or pending. We will update the list regularly but expect it will become outdated quickly as new announcements are made.
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On March 26, the U.S. Department of Labor (DOL) released additional FAQs that further explain employer and employee rights and responsibilities under the federal Families First Coronavirus Response Act (FFCRA).
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States are providing tax filing relief for individuals and businesses.This relief in payments or tax return filings varies by state, and more state announcements may be made in the coming days/weeks. To that end, the American Institute of CPAs (AICPA) has created a state-by-state chart of tax filing guidance for the coronavirus pandemic.
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On March 24, 2020, the U.S. Department of Labor released an initial set of questions and answers (Q&As) concerning the recently enacted Families First Coronavirus Response Act (FFCRA). The Q&As focus on the law’s provisions relating to new emergency paid sick leave (EPSL) and emergency paid Family and Medical Leave Act benefits (FMLA+)
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