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    Below please see an updated list of funding resources available for Berwyn businesses. These funding resources range from new grants available from the state to TIF programs and recent tax incentive programs. 

     

    A continuación, vea una lista actualizada de recursos de financiación disponibles para las empresas de Berwyn. Estos recursos de financiación van desde nuevas subvenciones disponibles del estado hasta programas TIF y programas recientes de incentivos fiscales.

     

  • Bars-and-Restaurant-Revitalization(1).jpg
  • The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. Applicants can receive funding up to $10 million per business for eligible pandemic-related revenue loss. Recipients are not required to repay the funding so long as funds are used for eligible expenses no later than March 11, 2023. Click Here for more information.

     

    La Ley del Plan de Rescate Americano estableció el Fondo de Revitalización de Restaurantes (RRF) para proporcionar fondos para ayudar a los restaurantes y otras empresas elegibles mantener sus puertas abiertas. Los solicitantes pueden recibir fondos de hasta $ 10 millones por empresa para la pérdida de ingresos elegibles relacionada con la pandemia. Los beneficiarios no están obligados a reembolsar los fondos siempre que los fondos se utilizan para gastos elegibles antes del 11 de marzo de 2023. Haga clic aquí para más información.


     

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  • 12/23/2020

    Congress has agreed on a $900 billion pandemic relief bill that includes
    several items that will benefit restaurants.

    Read More

    El Congreso acordó un proyecto de ley de ayuda para la pandemia de $ 900mil millones que incluye varios elementos que beneficiarán a los restaurantes.

    Leer Mas


     

  • The SBA provides low-interest disaster loans to help businesses and homeowners recover from declared disasters.

    La SBA ofrece préstamos de bajo interés por desastres para ayudar a las pequeñas empresas y propietarios a recuperarse de los desastres declarados.

     


  • ComEd

    If you are struggling to pay your ComEd bill, you could be eligible for this program.

    Si tiene dificultades para pagar su factura de ComEd, podría ser elegible para este programa.

    Details/Detalles: Read more.


     

  • Our Finish Line Grant program is now available to every commercial property in our TIF Districts for a third year running. 
    
    What does this mean for you? If you're a for-profit business that has operated in Berwyn for 2 years or longer, you're potentially eligible for matching grant funds. Eligible expenses include marketing and build-out of your physical space. Here is what you could be eligible for:
    • Marketing match of 50%, up to $500
    • Buildout/Facade/Signage match - case-by-case basis, up to $23,500
     
    This new program has more than $600,000 total available, and we're trying to maximize the business benefit.
     
    Please contact Brett Michaelson at brettm@berwyn.net with any questions.
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    Southern Smoke Foundation

    Southern Smoke Foundation has more than $3 million dollars available through its Chicago Restaurant Worker Relief Fund available to help Chicago and Cook County restaurant, bar and coffee shop workers who are experiencing hardship from the COVID-19 crisis.

    This fund provides emergency relief grants based on need to these workers who have lost wages or employment due to the shutdown for the pandemic.

    Grants will be awarded to applicants who meet eligibility requirements, including demonstrated need, as assessed by Southern Smoke Foundation, a nonprofit organization that also administers a national food and beverage Emergency Relief fund.

    Click here to learn more and apply today.


     

  • Sprinkler Program Sprinkler Program

    "Thinking about installing or retrofitting your sprinkler system? You're in luck! New tax law allows you to deduct this installation or retrofit from your taxes in the exact same year (rather than the previous 39-year depreciation schedule). The eligible purchase amount was also increased to $1 million.
     
    "¿Está pensando en instalar o modernizar su sistema de rociadores? ¡Tiene suerte! La nueva ley fiscal le permite deducir esta instalación o modernización de sus impuestos exactamente en el mismo año (en lugar del programa de depreciación anterior de 39 años). El monto de compra elegible También se aumentó a $ 1 millón.
     

  • Paycheck Protection Program Funding

     
    Small Business Administration (SBA) announced that applications have reopened for the Paycheck Protection Program (PPP) for first-time borrowers.
     
    Borrowers can apply for a First Draw PPP Loan until May 31, 2021 or until funds have been exhausted, through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, eligible non-bank lender, or Farm Credit System institution that is participating in PPP.
     
    Click here for full details and guidelines. A list of Illinois SBA approved lenders can be found here.
     
    PPP 2nd Round applications can be found hereThe SBA will continue to post updated information about guidance and eligibility here.
     
    NPNA also created PPP 2nd Round Infographics in English and español.

     

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    Illinois Restaurant Association Employee Relief Fund

    The Illinois Restaurant Association Educational Foundation Restaurant Employee Relief Fund is providing $500 cash to restaurant workers who’ve been hard-hit by the coronavirus pandemic.
     

    Apply: HERE!


     

  • Nuestro programa Finish Line Grant ahora está disponible para todas las propiedades comerciales en nuestros distritos TIF por tercer año consecutivo.

    ¿Qué significa esto para ti? Si es una empresa con fines de lucro que ha operado en Berwyn durante 2 años o más, es potencialmente elegible para fondos de subvención equivalentes. Los gastos elegibles incluyen el marketing y la construcción de su espacio físico. Esto es lo que podría ser elegible para:

    • Coincidencia de marketing del 50%, hasta $500
    • Coincidencia de costos de rehabilitación, hasta $23,500

     

    Este nuevo programa tiene más de $600,000 en total disponibles, y estamos tratando de maximizar el beneficio comercial.

    Póngase en contacto con Brett Michaelson en brettm@berwyn.net con cualquier pregunta.

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