City of Madras gives $191K to local businesses
The city of Madras is awarding 82 grants to local businesses affected by COVID-19 closures, for a total of more than $191,000.
Businesses will start seeing the money this week, provided they give the city a W-9, according to a news release from the city.
"This has been one of the most rewarding experiences I've had the pleasure of being involved with since joining the Council," said Mayor Richard Ladeby. "Helping our local businesses during this difficult economic time is a high priority for both the Madras Redevelopment Commission and the City Council."
The City Council and Madras Redevelopment Commission had set designated $300,000 for the grant program, with $100,000 for businesses inside the city limits and $200,000 for those inside the urban renewal area.
To qualify, businesses had to have a physical presence in Madras, a current city business license, be a for-profit businessa nd have been directly impacted by the government-mandated shutdown due to coronavirus. The application deadline was May 8.
The grant program is one of several ways the city has tried to help businesses during these difficult economic restrictions. The city pulled its proposed food and beverage tax measure from the May ballot, provided a three-month payment forgiveness to businesses with loans through the Redevelopment Commission, and provided assistance to retail businesses that would help them develop online marketplaces. In addition, the city partnered with the Chamber and the Madras Pioneer in funding full-page advertising for businesses in the newspaper and signboards and banners advertising take-out for restaurants in town.
"Collectively, our efforts have been, and will continue to be, to help our local businesses through this tough economic time," said Madras Redevelopment Commissioner and Councilor Bartt Brick.
The Task Force assigned to the program will be reviewing the reopening process over the next couple of weeks to determine if there are other ways remaining funding can be useful to local businesses.
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