City Of Oakdale: New Grant Funds Available To Businesses Affected By COVID-19

Oakdale MN

17 September, 2021

10:30 AM

Description

Press release from the City of Oakdale: September 16, 2021 Beginning September 20, 2021, the Minnesota Main Street COVID Relief Grants program will accept applications for $10,000 - $25,000 grants for Minnesotan owned and operated businesses that can demonstrate financial hardship as a result of the COVID-19 outbreak. A total of $64,200,000 is available for grant applications selected for consideration through a computer-generated, randomized selection process. Applicants that have not received assistance through previous relief programs will be prioritized for consideration. These programs include the Small Business Emergency Loan program, the Small Business Relief Grant Program, the Movie Theater and Convention Center Relief Grant program, and the County Relief Grant program. Applicants will receive a grant amount based on the number of full-time equivalent (FTEs) employees on staff. $10,000 – 6 FTEs or less. $15,000 – Between 7 and 49 FTEs $20,000 – Between 50 and 99 FTEs $25,000 – Between 100 and 200 FTEs Applications will be reviewed and awards will be disbursed and administered by qualified local and regionally based nonprofit organizations. Grant funds received by individual businesses shall be used for working capital to support payroll expenses, rent, mortgage payments, utility bills, and other similar expenses that occur or have occurred since March 12, 2020, in the regular course of business. These are grants and no repayment will be required. More information about this program, including how to apply, can be found here: https://mn.gov/deed/business/financing-business/deed-programs/emergency-programs/main-street/   Oakdale's free Open to Business Advisor Tyler Hilsabeck is also available to answer questions about the program and assist with preparing applications. Contact Tyler at 612-789-8838 or [email protected] Additional Info... This press release was produced by the City of Oakdale. The views expressed here are the author's own.