Plymouth Offers Second Round Of Business Assistance Grants

Minneapolis MN

02 September, 2020

6:52 AM

Description

Press release from the City of Plymouth: September 1, 2020 Second Round of Grants Open to Larger Businesses The City of Plymouth is offering a second round of emergency assistance grants to businesses in Plymouth that have suffered economic hardship due to the COVID-19 pandemic. The city will award grants up to $10,000. Applications will be accepted through noon Tuesday, Sept. 15. While the initial program was available only to small businesses and included a revenue cap, the second round of the Plymouth Business Assistance Grant Program makes grant funds available to larger businesses as well. The program aims to increase the capacity of businesses and promote the long-term vitality of the Plymouth business community. Grants will assist local businesses in covering expenses such as: Rent Mortgage payments Utilities Current payroll obligations Accounts payable Costs associated with reopening, such as cleaning, sanitizing and personal protective equipment Program Administration and Eligibility To be eligible, businesses must be for-profit, employ 2-150 full-time equivalent (FTE) employees prior to March 1, 2020, be locally operated with a physical address/location in Plymouth and meet all other eligibility criteria. Funding for the Plymouth Business Assistance Grant Program is made possible by the federal Coronavirus Aid, Relief and Economic Security (CARES) Act. For complete eligibility requirements and more information, visit plymouthmn.gov/businessresources. This press release was produced by the City of Plymouth. The views expressed here are the author's own.