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As new relief program is readied, county staff expects demand to be greater than available funds. 7:17 pm, Jan. 19, 2021 ×
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Olmsted County businesses and nonprofits can start applying for a portion of nearly $3.4 million in new COVID-relief grants.
“These funds are available from the state of Minnesota to help our local businesses that have been impacted by the governor’s executive orders as we move through the pandemic,” said Olmsted County Chief Financial Officer Wilfredo Roman-Catala.
On Tuesday, Olmsted County commissioners unanimously approved a pair of grant programs using nearly $3.1 million in state funds and $300,000 in county reserves, which are available after townships didn’t spend all their available funds through earlier federal relief efforts.
New Round Of COVID Grants For Olmsted County Businesses
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Rochester, MN (KROC AM News) - Olmsted County businesses and non-profits that have been financially affected by the pandemic are being reminded of a local grant program that begins this week.
The Olmsted County Board of Commissioners announced Tuesday it is allocating funds to COVID-19 related small business relief as part of a state program. The county says nearly $3.4-million will be distributed next month.
$2,711,174 grant program for small businesses and food/beverage-serving 501(c)(8) and 501(c)(19) non-profits, administered by Rochester Area Economic Development, Inc. (RAEDI).
Olmsted County commissioners prepare to review plan for $3.1 million to help businesses and nonprofits 4:43 pm, Jan. 5, 2021 ×
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How Olmsted County will distribute approximately $3.1 million in state relief funds has yet to be determined.
“The state will be sending this funding fairly quickly, so we can help businesses as soon as possible,” said Wilfredo Roman-Catala, the county’s chief financial officer.
On Tuesday, he asked county commissioners for guidance on how the funds should be distributed, reviewing the grant program used to distribute $3.9 million in federal funds among 250 small businesses.
The state funds, which were approved by the Minnesota Legislature in December, offer counties greater flexibility, which spawned a discussion on whether using the same grant mechanism is the right approach.