The City of Lockport recently announces that under the Lockport Recovery Initiative (LRI), over 40 grants and/or loans have been awarded through the Small Business COVID-19 Grant and/or Loan Program.
The City of Lockport recently announces that under the Lockport Recovery Initiative (LRI), over 40 grants and/or loans have been awarded through the Small Business COVID-19 Grant and/or Loan Program.

The City of Lockport recently announces that under the Lockport Recovery Initiative (LRI), over 40 grants and/or loans have been awarded through the Small Business COVID-19 Grant and/or Loan Program.

These grants and/or loans total $350,000 and will help local small business and non-profit 501(c)(3) organizations during the State of Illinois stay-home-orders and additional impacts of Governor Pritzker’s Executive Orders due to COVID-19.

The City’s Small Business COVID-19 Grant and/or Loan Program was authorized by Ordinance No. 20-008 approved by the City Council at its regular meeting on April 15.

The program was also discussed previous to the city council meeting at a Special Meeting of the Committee of the Whole on April 8 and received over 50 applications for assistance.

The review committee, authorized to oversee the program, awarded grants/loans to selected businesses who met eligibility requirements and priority levels, demonstrating need related to the COVID-19 pandemic and related mandates by the State of Illinois.

Additional initiatives include a Water Bill Relief Program and Eat Lockport microsite at eatlockport.com, which supports local restaurants by advertising those that continue to serve the community.

For more information, visit cityoflockport.net or call 815-838-0549.

For more information regarding the Lockport Recovery Initiative (LRI) or the Small Business COVID-19 Grant/Loan Program, contact Lance Thies at 838-0549 x1137 or lthies@lockport.org.

For more local news, visit The Herald-News at https://www.theherald-news.com.

COVID-19 Business Update