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.

SPRINGFIELD – The Department of Commerce and Economic Opportunity  is now accepting applications from local governments, non-profit groups, and even private companies for a an $80 million economic development grant program, State Senator Patrick Joyce (D-Essex) announced.

DCEO will allow organizations to compete for $50 million in public infrastructure investments, $16.5 million in regional economic development projects and $13 million for shovel-ready construction projects. Only local governments can apply for the public infrastructure grants, but the other programs are also open to local organizations and businesses.

Projects that may include improvements to utility lines and waste disposal systems, land and building acquisition, and architectural planning and engineering design.

“The projects funded by these grants could attract businesses and jobs to the South Lands,” Joyce said. “These grants are competitive, so I encourage as many local groups to apply as possible.”

KANKAKEE – State Senator Patrick Joyce (D-Essex) visited Nucor Steel while they are in the middle of an expansion that will add 100 full-time, permanent positions.

“Nucor is an important part of our community that provides many good-paying jobs,” Joyce said. “I want young people to know that trade jobs are always a great option to build a career.”

Sen. Joyce also spoke to workers about how he is proud to know that establishments like Nucor help the community’s economy.