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.