Rice County to Administer $1.3M in Local Business Grants
The Rice County Board of Commissioners today unanimously approved administering $1,316,379.81 to provide economic rellief grants to local businesses and non-profits. These entities had to be adversely affected by the COVID-19 pandemic.
The State of Minnesota has allocated $114,800,000 for counties across the state to administer to their local businesses.
County Administrator Sara Folsted reported, "I think there's probably 14 or 15 hundred businesses that were either directly or indirectly affected" in Rice County.
The maximum grants awarded will be $10,000. Commissioner Jeff Docken commented, "That capping at $10,000 would be 130. That gets spread kind of thin but then again there may be several businesses that wouldn't bother with it or don't want to bother with it."