SPRINGFIELD – State Senator Patrick Joyce (D-Essex) is encouraging restaurants, hotels and other small businesses across the state to take advantage of two new emergency assistance programs.
“We need our small businesses to persevere, because they are so important to our local economies,” Joyce said. “These loan programs should help them weather this storm.”
To provide assistance to struggling small business owners, Gov. JB Pritzker unveiled the Illinois Small Business Emergency Loan Fund, a $60 million program that will support low-interest loans of up to $50,000 for small businesses outside of Chicago. Businesses with fewer than 50 employees and less than $3 million in revenue in 2019 will be eligible to apply. Loan recipients will owe nothing for six months and will then begin making fixed payments at 3% interest for the remainder of a five-year loan term.
Pritzker also announced the Hospitality Emergency Grant Program. The program offers $14 million in grants to restaurants, bars, hotels and other hospitality businesses to help them make ends meet during the COVID-19 crisis. It will provide up to $25,000 to eligible bars and restaurants and up to $50,000 for eligible hotels.
Read more: Senator Joyce invites small business owners to apply for new loan, grant programs
PEMBROKE – State Senator Patrick Joyce (D-Essex) is working to improve quality of life for Pembroke residents.
For decades, residents of Pembroke Township have been using stoves and electric space heaters in order to warm up their homes. Winters are often brutally cold in Kankakee and Grundy counties, which causes many residents to live in dangerously cold temperatures.
“Most communities have had access to natural gas for heating and cooking since the 1920s,” Joyce said. “It’s shameful that Pembroke doesn’t already have access to this basic service.”
In an effort to give the community of Pembroke a helping hand, Sen. Joyce introduced the Pembroke Township Natural Gas Investment Pilot Program.
Read more: Joyce fights to ensure Pembroke residents stay warm
UNIVERSITY PARK – Seniors are often to the target of scams via the internet, on the phone and even in person.
In an attempt to warn seniors about how to avoid frauds, State Senator Patrick Joyce (D-Essex) has been attending many senior events and touring senior high-rise buildings, such as Thornwood House Apartments in Chicago Heights.
“I’m committed to protecting seniors,” Joyce said. “I want to help make sure they don’t fall victim to scams and frauds.”
Sen. Joyce is a chief co-sponsor of Senate Bill 3439, an initiative of Secretary of State Jesse White to help prevent investment fraud by allowing brokerage firms to delay or stop transactions if they believe the money is being transferred to a con artist.
“We want to make sure senior investors are given every protection possible under the law,” White said. “I will continue to work with Sen. Crowe and Joyce to further strengthen investor protections as we move forward.”
According to the FBI official website, seniors are less likely to report a fraud because they often don’t know they have been scammed.
SPRINGFIELD – Because local governments deserve a bigger share of the state’s income tax revenue, State Senator Patrick Joyce (D-Essex) introduced Senate Bill 3392, an initiative to relieve the burden of property taxes and shore up critical services and programs.
Originally introduced by State Rep. Anthony DeLuca, the plan increases state payments toward the Local Government Distributive Fund. When lawmakers increased the state income tax in 2011, they also reduced the amount of the LGDF for municipalities from 10% to 6%.
Read more: Joyce offers a bill that would restore state funds to local governments
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