Shenandoah County expands modest business COVID-19 assistance progam
SHENANDOAH COUNTY, Va. (WHSV) — Considering the fact that July, Shenandoah County has aided 33 little firms as a result of its Compact Business COVID-19 Restoration Assistance Grant Program, and county officers say the application will keep on immediately after getting a lot more funding.
Earlier this summer season, the county Board of Supervisors approved for $500,000 of the county’s $3.7 million in CARES ACT funding to go to the method to aid struggling firms.
Last week, the system was capable to develop following the Shenandoah County Tourism and Financial Enhancement Department gained $550,000 from the Virginia Office of Housing and Local community Progress.
Of the funds received, $500,000 will go towards the Smaller Business COVID-19 Recovery Reaction Grants and $50,000 will assist assist administrative expenses.
Companies and tourism-associated non-earnings can apply for up to $15,000 in the direction of up to 6 months of lease/house loan charges and/or bills relevant to reopening their business soon after the closures due to COVID-19.
Jenna French, director of tourism and financial growth, stated simply because there is now a second round, some of the conditions have adjusted for a business to use.
“We’ve also expanded it to consist of farms and agriculturally centered corporations, which listed here in Shenandoah County, that is our variety a single field,” French reported. “So we actually feel that this method can be impactful to lots of of these that have been impacted as effectively.”
Apps will be reviewed on a rolling basis until December or until all cash have been allotted.
Copyright 2020 WHSV. All rights reserved.