NAPERVILLE, Ailing. (CBS) — We don’t must let you know – hardships from the previous yr have been robust throughout, however particularly for our native small companies.
CBS 2’s Marie Saavedra took a glance Tuesday evening on the rush for assist in DuPage County.
It’s the private consideration that retains prospects coming to Dean’s Clothing in Naperville.
“These are the those that make the distinction for Dean’s,” stated proprietor Greg Degeeter. “You should purchase garments anyplace.”
However for the primary time in additional than 60 years in enterprise, the family-run store was vulnerable to shedding the employees that makes Dean’s what it’s.
“It’s been a wrestle – I imply, making an attempt to maintain the payments and meet the payrolls,” Degeeter stated.
Degeeter, the second-generation proprietor, doesn’t sugarcoat it. The Paycheck Safety Program helped him hold all his staff on employees when his enterprise was down 50 %. As issues reopen, he’s solely down 20 % – however you don’t dig out of a gap like that so quick.
“I imply, the sum of money that we misplaced final yr – each little bit helps,” Degeeter stated.
His subsequent shot at monetary help comes from the American Rescue Plan via DuPage County. The board allotted $15 million in grants to small companies.
The county opened the window for purposes Monday at 9 a.m. sharp. They closed it at 2 p.m., and the response was staggering. In that point, they heard from 613 companies.
“So inside 5 hours, we obtained purposes totaling $25 million value of requests,” Greg Badalov of Select DuPage advised CBS 2’s Saavedra over Zoom as Saavedra expressed some shock that that determine. “In order that – primary, yeah, I see you shaking your head – that’s a powerful indication of how in demand a program like that is in DuPage all through america.”
Badalov is a part of this system that can assist vet these companies to determine which is able to make the lower.
“As soon as we hit $15 million, we now have the unlucky job of going again to these companies and saying, there’s simply no cash left within the pool,” he stated.
Degeeter is assured he’ll meet the necessities.
“There’s a $50,000 most, and I did apply for the complete quantity,” he stated.
He plans to make use of the cash to make amends for payments, and hold paying his individuals, so Dean’s can survive one other 60 years.
“Am I ever going to recoup what I misplaced? No,” Degeeter stated. “After all it is a assist, however it’s nowhere close to what I’ve misplaced. All I wish to do is attempt to present for my staff, and the neighborhood.
DuPage County hopes to have a brief checklist of companies which have cleared the primary hurdle by the tip of this week. They are going to be vetted, and people which might be accredited might see that cash by the tip of August.