Following fallout to businesses as a result of the current Covid-19 emergency, Sherwood Mayor Keith Mays has announced a small businesses program that can help assist them through this period through the Small Business Emergency Relief Program.
The program has $100,000 in funding available to help small businesses offset some of the economic impacts due to Covid-19, the potentially serious illness caused by the novel coronavirus.
"This pandemic is causing unprecedented harm to local businesses and we don't know how long it will last," said Mays in a news release. "I think it is critical for the city to do what we can to rapidly deteriorating businesses conditions. We can get funds to local businesses in matter of a few days while they work to get additional help from state and federal government programs that are starting to take shape."
Qualified businesses are eligible to receive up to $2,500 per business.
The application process will be entirely online and will begin to be accepted at 9 a.m. on Saturday, March 28.
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