Prioritizing Severely Impacted Businesses and Industries

Section 690.120  Prioritizing Severely Impacted Businesses and Industries a)         The Department will provide targeted funding opportunities for industries and businesses most impacted by the COVID-19 emergency. In determining which industries and businesses to prioritize, the Department will consider the impact of compliance with the COVID-19 Prevention Directives on business operations or impact of the COVID-19 emergency on the workforce. The Department will also prioritize funding to qualifying small businesses.  The targeted funding opportunities will be announced on the Department's website. b)         Targeted funding opportunities to qualifying businesses will include financial assistance to: 1)         Bars and restaurants that:  earned between $80,000 and $3 million in revenue in 2019, or a pro-rated amount of revenue if the establishment was in business for less than the entire year; operated for at least the three months prior to March 2020; did not provide outdoor food and beverage service during phase 3 of the Restore Illinois Plan; and incurred necessary expenditures of at least $10,000 since March 21, 2020. 2)         Businesses in severely disproportionately impacted areas that:  earned between $80,000 and $2 million in revenue in 2019, or a pro-rated amount of revenue if the establishment was in business for less than the entire year; operated for at least the three months prior to March 2020; and incurred necessary expenditures of at least $10,000 since March 21, 2020. 3)         Barbershops and salons that:  earned between $80,000 and $500,000 in revenue in 2019, or a pro-rated amount of revenue if the establishment was in business for less than the entire year; operated for at least the three months prior to March 2020; and incurred necessary expenditures of at least $10,000 since March 21, 2020. 4)         Fitness centers that:  earned between $80,000 and $2 million in revenue in 2019, or a pro-rated amount of revenue if the establishment was in business for less than the entire year; operated for at least the three months prior to March 2020; incurred necessary expenditures of at least $10,000 since March 21, 2020; and operated out of a single permanent location. 5)         Qualifying small business having experienced severe impacts during the COVID-19 emergency, in particular those whose return to normal activity is limited by phases of the Restore Illinois Plan or COVID-19 Prevention Directives.