There will be many things that are different about the upcoming holiday season. But there will still be Christmas trees and lights to enjoy! Mount Prospect will celebrate its tree-lighting virtually. You can view the ceremony on YouTube via the village’s Facebook page.
News from the Reference Desk Category: Community
The Village of Mount Prospect Mayor, Village Board of Trustees and Economic Development Commission recognize the financial burden on the Village’s restaurant community, and therefore, the Village has established the Mount Prospect COVID-19 Restaurant Assistance Grant Program, which is a grant program to provide funds to Mount Prospect restaurants that have suffered economic loss during the COVID-19 Pandemic (“Grant Program”). The Grant Program will distribute a grant to eligible local businesses to provide cash for short-term financial operational needs such as payroll, payment to suppliers, payment to service providers, payment of utilities, or rent. The Grant may not be used for capital expenditures.
The Village will be dispersing grants of up to $10,000 to qualifying local restaurants, with a fund total of at least $250,000. To be considered an eligible business to receive a Grant, businesses must meet the following requirements:
- Have and maintain a current and valid Village of Mount Prospect Business License;
- Not have permanently ceased operations as of the date the funds are to be dispensed (businesses that have ceased operations per the Governor’s “Stay at Home” Order and reopened once the Governor’s “Stay at Home” Order was lifted or otherwise allowed will not be considered to have permanently ceased operations);
- Generate municipal sales tax as part of its operations and sales;
- Generate food and beverage tax as part of its operations and sales;
- Have indoor seating for dining;
- Not be part of a chain consisting of more than 4 units;
- Not be part of a franchise system;
- Not be a private club and must be open to the general public;
- Not be a home occupation; and
- Show evidence that they have suffered a decrease in municipal sales tax eligible sales from March 21, 2020 to the date of the Application when compared to the same time frame in 2019, to be verified by staff. Restaurants opened more recently will need to show loss of sales from date of opening; and
- Be in compliance with Restore Illinois Resurgence Mitigations.
Applications must be submitted online.
A link will be published at 9:00 a.m. Wednesday, November 18th at WWW.MOUNTPROSPECT.ORG/RESTAURANTGRANT
The Consumer Financial Protection Bureau (CFPB) has created a great resource for homeowners and renters who may be facing a housing crisis due to COVID-19. Get information on mortgage and forbearance, protection for renters and more by VISITING THEIR WEBSITE HERE.
Open enrollment for Medicare D (prescription drugs) begins October 15 and runs through December 7. Changes in premiums, co-pays, deductibles and drugs covered for all drug plans may change from year to year. Assistance with the enrollment process is available through the Village. Senior Health Insurance Program (SHIP) volunteers and staff use a tool from the Medicare website to help participants determine which plan is best for the coming year. They will also assess whether participants are eligible for extra help with plan premiums and co-pays. To schedule an appointment to enroll or review current plans, call 847/870-5680. There is limited availability for appointments so calling sooner than later is advised.
For additional guidance you may want to look at the Medigap Report from Weiss Ratings. This is an online resource to which the Library subscribes. The Report provides users with a lengthy, customized report outlining all of the various Medicare supplements including Part D. It also includes costs and ratings for each provider. You can access this resource here.
Cook County has launched a new program that will provide support for small businesses impacted by the COVID-19 pandemic. The program will offer advising for small businesses in Cook County and grants for small businesses in suburban Cook County and the unincorporated areas.
The program is offering three types of relief:
Group webinars serve as guided, interactive sessions that start to get you thinking about how your business has been impacted and how you may want to pivot your business.
Cook County / Chicago Business Advising Program, also known as technical assistance (TA), helps you address the unique needs of your business, including acquiring new capital and customers, understanding financial, change and risk management, adjusting business models, and operating under new safety regulations.
Cook County Recovery Grants, $10,000 recovery grants for small businesses in suburban Cook County that have seen losses due to COVID-19.
Applications will close on October 6th (subject to change).
To understand if your business is eligible and to apply for relief, please visit: cookcountysmallbusinessassistance.com.