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Joliet approves $85,518.79 in business-continuity grants for downtown businesses affected by Chicago Street construction
Summary
The Joliet City Council approved two business-continuity grants totaling $85,518.79 for downtown businesses affected by ongoing City Square and Chicago Street construction, after a discussion about eligibility, program design and fairness to other construction-impacted corridors.
The Joliet City Council on March 31 voted to award two business-continuity grants totaling $85,518.79 to downtown businesses affected by Chicago Street construction.
City officials said the program is intended to offset revenue losses from the downtown construction. Paulina, economic development director, told the council that applicants must have annual revenues under $2,500,000 and submit ST-1 sales-tax forms so staff can compare 2024 sales to 2023 sales to document losses. "They have to have less than $2,500,000 in revenue per year, and they were required to submit their ST-1 forms," Paulina said during the council discussion.
The program was created by a prior council resolution (Resolution 8095) and was administered in two tiers: the city manager had authority to approve awards under $25,000; applications with higher eligible amounts were brought to the full council. Committee materials reviewed by…
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