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Bertino-Tarrant: Small businesses should take advantage of the Paycheck Protection Program

jbt 03032020CM0467rPLAINFIELD – The federal government is once again accepting applications for the Paycheck Protection Program, and State Senator Jennifer Bertino-Tarrant (D-Shorewood) is encouraging business owners to apply for PPP and other forgivable loans through the Small Business Administration.

“Many business owners – especially small, local business owners – are facing financial uncertainty they have never experienced before,” Bertino-Tarrant said. “Some are understandably worried about not being able to provide for their families or their employees. Forgivable loans, like the Paycheck Protection Program, will allow them to get back on their feet without losing sleep over how they will pay back the borrowed money.”

To help provide financial support to businesses, the Federal Treasury Department and the U.S. Small Business Administration extended the application period for the Paycheck Protection Program. Businesses can get up to $10 million in relief funding through the first come, first served program. Under the extended deadline, businesses must apply by Aug. 8.

The financial lifeline helps employers keep people on the payroll and pay overhead expenses. If used as intended, the loans don’t have to be repaid.

More than 27,000 Illinois businesses have already taken advantage of the loans – saving an estimated 1.36 million jobs – according to the Small Business Administration.

PPP loans have an interest rate of 1% and can be fully forgiven if they are used for payroll costs, rent, utilities or interest on mortgages.

To find participating lenders, business owners and managers can visit the Small Business Administration’s website, found here. A new Small Business Development Center recently opened at the Joliet Junior College. Businesses that need help applying for the program should visit the center.

Bertino-Tarrant: New Small Business Development Center opens in Joliet

smallbiz 070220PLAINFIELD — To help businesses affected by the COVID-19 pandemic through the process of applying for state and federal emergency assistance programs, a new Small Business Development Center opened at the Joliet Junior College, Senator Jennifer Bertino-Tarrant (D-Plainfield) announced Thursday.

“Businesses across the state have experienced unprecedented financial challenges during the pandemic,” Bertino-Tarrant said. “Many hardworking business owners are still learning how to bounce back, and the centers will provide them with the help and support they need.”

Following months of business losses during the public health crisis, seven new Small Business Development Centers were created across the state to support small businesses during the reopening process.

The Joliet-based center, along with all new and existing centers across the state, will be available to help support businesses with applications for the newest relief programs introduced by the state — known as the Business Interruption Grants Program and the Rebuild Distressed Communities programs.

For more information on the Joliet center and others throughout the state, people can click here.

Bertino-Tarrant shares guidelines for in-person learning to resume

classroom 062320PLAINFIELD — As the number of COVID-19 cases continues to steadily decrease, schools across the state have the green light to reopen this fall, but not without following a set of guidelines, State Senator Jennifer Bertino-Tarrant (D-Shorewood) highlighted Tuesday. 

“Teachers, parents and students have done a great job adjusting to a situation they never expected to find themselves in,” Bertino-Tarrant said. “However, nothing compares to the positive impact of in-person learning.”

 

Bertino-Tarrant: Property tax relief on the way

jbt 03032020CM0467rPLAINFIELD — To provide relief and flexibility to property tax owners, State Senator Jennifer Bertino-Tarrant (D-Shorewood) supported a new law that will defer tax sales and give counties the ability to extend homestead exemptions and waive late fees.

“Property taxes can often be a financial burden, but that burden has risen for many because of the public health crisis,” Bertino-Tarrant said. “This new law will provide some relief to our residents.” 

Under this legislation, local businesses and residents would see property tax relief in the form of:

  • Empowering county governments to approve 2020 homestead exemptions for those with disabilities, veterans with disabilities and senior citizens, as long as the property had been granted this exemption for 2019;
  • Allowing counties with less than 3 million residents to waive interest penalties and fees for late property tax payments due in 2020;
  • Deferring property tax sales.

County assessment officers can still conduct audits of taxpayers claiming an exemption in order to verify the applicant is eligible to receive the senior citizen’s assessment freeze through the homestead exemption.

The measure — found in Senate Bill 685 — also defers tax sales and gives the county the authority to waive property tax interest penalties.

The measure was signed by Gov. JB Pritzker Friday and took immediate effect. 

Sen. Bertino-Tarrant

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49th Senate District

Years served: 2013 - Present

Committee assignments: Commerce and Economic Development; Education (Chairperson); Insurance; Labor; Licensed Activities (Vice-Chairperson); Transportation; Subcommittee on Capital (TR); Subcommittee on Special Issues (ED) (Sub-Chairperson).

Biography: Lifelong educator; former Will County superintendent and secretary of Will County Regional Board of School Trustees; B.A., Illinois State University; MS, University of St. Francis; EdD., Loyola.

Associated Representatives:
Mark Batinick
Natalie A. Manley