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.
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Optimism was in short supply in 2020 with Rochester’s restaurants, bars, hotels and other businesses struggling due to the COVID-19 pandemic.
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Rochester, MN (KROC AM News) - Olmsted County has released a summary of the federal money it received to deal with issues related to the Covid pandemic. The county received more than $19-million.
Here is the information from the county:
Over the past several months, Olmsted County has used these funds to adapt to providing services in a COVID-19 environment and help individuals and families in our communities facing hardships due to the pandemic.
Examples of the county’s CARES Act fund expenses are provided below. It’s important to note that the county expects to continue experiencing ongoing pandemic-related expenses.