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O'Connor: Bright spots of 2020 – The Journal Record


O’Connor: Bright spots of 2020
Cathy O’Connor
Before we discard 2020 and move forward, I want to highlight some economic development bright spots for our city and some lessons worth carrying forward.
The Oklahoma City Council and Oklahoma County commissioners responded to COVID-19 using CARES Act funding to stabilize jobs, knowing that most people in central Oklahoma are employed by small businesses. The Small Business Continuity Program, Minority Owned Business Recovery Program, Urban Renewal Authority Small Business Grant Program and the Oklahoma County Small Business and Nonprofit Grants provided $57.75 million to help small businesses and nonprofits meet basic expenses and maintain payroll during the pandemic. We heard from many businesses that the emergency relief helped sustain their business and avoid layoffs. ....

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O'Connor: Oklahoma County relief program reports results – The Journal Record


O’Connor: Oklahoma County relief program reports results
Cathy O’Connor
The Oklahoma County Small Business and Nonprofit Grants reported preliminary results of its funding, totaling nearly $14.7 million.
The goals of the program were to help businesses and nonprofits in Oklahoma County, but not in Oklahoma City, meet basic expenses and maintain payroll during COVID-19. The program provided grants of up to $100,000 to cover lost revenues and pay for wages for workers, rent, sanitizing equipment, fixtures to aid social distancing and other operational expenses.
Small businesses are some of the hardest hit by COVID-19; they’re also key to our economy. Small businesses provide more than half of the jobs that employ Oklahomans and help to keep more sales tax revenue in the local economy. The program funded businesses and nonprofits with 100 or fewer employees and was launched at an important time for our community. The recovery of our small businesses and nonprofi ....

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