A new grant program was recently announced by Governor Kim Reynolds that aims to assist restaurants and bars which have been affected by the coronavirus pandemic.
The Iowa Restaurant and Bar Relief Grant Program, which will provide $40 million in assistance, will begin taking applications on February 1st, with the deadline for submissions by February 15th. The one-time grants will offer up to $25,000 to those businesses that experienced a decrease in gross sales in the second and third quarter of 2020.
The funds will go to assist those businesses in immediate cash flow, and the awards will come at varying levels depending on the percentage of lost sales.
By Sue Danielson
Jan 21, 2021
(Des Moines, IA) The state is launching a $40-(m) million grant program for pandemic-impacted bars and restaurants. Governor Kim Reynolds says the Iowa Restaurant and Bar Grant Relief Program will offer one-time grants of up to 25-thousand dollars based on lost sales. The awards will be based on declines in gross sales in the second and third quarters of 2020, compared to the previous year. The application period is between Monday, February 1st and Monday, February 15th. More details are expected to be released next week by the Iowa Economic Development Authority and will be posted on www.iowabusinessrecovery.com.
What is the most important thing businesses should know about the economy in 2021?
A preview of the Business Recordâs 2021 Economic Forecast panel Friday, January 22, 2021 6:00 AM The Panelists
Debi Durham
Amy Friedrich
Ernie Goss
Wil Osborn
chief business officer, Federal Home Loan Bank - Des Moines Although 2020 is now mercifully in the rearview mirror, pivotal events that erupted over the past year are continuing to shape the state, national and global economic destiny. Accordingly, the Business Record anticipates a virtual panel discussion like none other for our annual Economic Forecast coming up later this month. In advance of the Business Record’s annual Economic Forecast event coming up on Jan. 28, we asked each of the five panelists to provide their perspective on the economic outlook for 2021.
By Sue Danielson
Jan 21, 2021
(Des Moines, IA) The state is launching a $40-(m) million grant program for pandemic-impacted bars and restaurants. Governor Kim Reynolds says the Iowa Restaurant and Bar Grant Relief Program will offer one-time grants of up to 25-thousand dollars based on lost sales. The awards will be based on declines in gross sales in the second and third quarters of 2020, compared to the previous year. The application period is between Monday, February 1st and Monday, February 15th. More details are expected to be released next week by the Iowa Economic Development Authority and will be posted on www.iowabusinessrecovery.com.
Iowa program aims to help small businesses
The Targeted Small Business program, through the Iowa Economic Development Authority, is a resource for woman and minority-owned businesses Author: Jon Diaz Updated: 10:43 PM CST January 16, 2021
DES MOINES, Iowa A program started in Iowa nearly 25 years ago is still helping small businesses across the state. It s called the Targeted Small Business program. It is designed to help eligible business owners start or expand their business.
One of the participants is James Neely, who owns Bottle & Bottega, in downtown Des Moines. The art studio invites people to learn to paint while enjoying wine or a beer. When he started his business just a few years ago, he admits, there was a lot he had to learn.