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Courtney talks about funds for businesses, landlords
NORWICH During a forum this week, U.S. Rep. Joe Courtney called chambers of commerce around the country “unsung heroes.
The Greater Norwich Area Chamber of Commerce held the virtual forum with Courtney on Wednesday afternoon, with him talking about various opportunities for COVID business relief, and taking questions from chamber members.
Courtney shared information related to the federal HR-133, passed in Dec. 2020, including the second round of Payroll Protection Program (PPP) loans. Some of the changes made included operations and property damage from public disturbances as eligible expenses and having farm credit institutions be able to lend out PPP loans.
NORWICH For businesses in the Rose City, an opportunity to get some help is coming soon.
Beginning the first week of February, businesses in Norwich will be able to apply for part of the Community Community Development Block Grant (CDBG) Office Small Business Assistance funds. The City of Norwich’s Development Office will be distributing the money to businesses in the city as a part of the second round of CDBG-CV funding.
There is a total of $219,569 available in funding for COVID-19 relief, and a business approved for the grant could receive up to $10,000. The money is expected to have a 30-day turnaround.
Norwich The City Council will vote Tuesday to rescind authority given to the Norwich Community Development Corp. to administer a $219,569 COVID-19 business relief grant as the agency undergoes a leadership transition following the sudden death of former President Jason Vincent.
Vincent, 46, died in an apparent suicide, his vehicle found late on Dec. 30 at the center of the giant New River Gorge Bridge in West Virginia and his body discovered at a dam five miles downstream Jan. 4.
City and NCDC officials cited NCDC’s shorthandedness during the transition for rescinding authority given to the city s economic development agency to oversee the grant. Mayor Peter Nystrom added that removing control of the grant from NCDC also would avoid potential conflicts of interest if businesses that lease space in NCDC s Foundry 66 shared workspace or that have other ties to NCDC wanted to apply for the grants.
Citing NCDC s leadership transition and a desire to allow businesses with ties to NCDC apply for COVID-19 relief grants, the city will oversee the grants.