Client Alert: City of Chicago Has Established New Emergency Programs to Offer Grants/Loans to Eligible Local Businesses Affected by Coronavirus (COVID-19)

In light of the serious adverse economic affects being felt by local business in light of the coronavirus (COVID-19) pandemic, Governor J. B. Pritzker recently announced that he is working to establish three new emergency programs; each intended to focus on a particular affected sector of businesses. These programs are being administered primarily in cooperation with the Illinois Department of Commerce & Economic Opportunity (DECO) and while they are still in the process of being finalized, this Client Alert, written by Anthony Zeoli, provides a summary of what is known so far.

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