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Olmsted County offers new grants for businesses

Video Credit: KIMT
Published on October 7, 2020 -
Olmsted county is offering another round of relief for small businesses.
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Olmsted County offers new grants for businesses

Can apply./// the olmsted county board of commissioners is announcing a second round of grant funding for organizations affected by covid?

"*nineteen.

Kimt news three's anthony monzon joins us now with the details... anthony?

George... since the beginning of this pandemic we've both spoken with so many business owners tell us coronavirus has put their future in jeopardy.

So today's announcement from olmsted county will be a welcome development for those still struggling.

The county says it will be granting over one?

"*million?

"* dollars in t applicants will need to demonstrate financial hardship caused by covid?

"* nineteen... specifically a fifteen?

"* percent decrease in net profit or greater.

Now i just spoke with olmsted county c?

"*e?

"*o wilfredo roman catala... and he tells me they've eased requirements for this round of grants... and every local business should look "if you think about it, potentially you can get up to 15,000 dollars, and you're investing about 30 minutes of your time by applying, so it's a huge return on your investment if you're a business."

Now there are some businesses that will be given priority... such as those directly impacted by shutdown orders.

Also worth noting ?

"* home?

"* based businesses will not be eligible thank you anthony.

Olmsted county will begin accepting grant applications tomorrow at noon through

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Related news from verified sources

The county was also exploring the idea of launching a business interruption program that could have awarded up to $100,000 to industries hit hardest by Covid-19,...
on October 19, 2020 • bizjournals

Applications opened Tuesday for a new D.C. program that offers grants of $10,000 to support small and local businesses struggling in the midst of the Covid-19...
on October 7, 2020 • bizjournals

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