More Dakota County businesses that have suffered financial hardship due to COVID-19 will receive grants to assist with expenses they have incurred during the coronavirus pandemic. The Dakota County …
This item is available in full to subscribers.
To continue reading, you will need to either log in, using the login form, below, or purchase a new subscription.
If you are a current print subscriber, you can set up a free website account and connect your subscription to it by clicking here.
Otherwise, click here to view your options for subscribing.
Please log in to continue |
More Dakota County businesses that have suffered financial hardship due to COVID-19 will receive grants to assist with expenses they have incurred during the coronavirus pandemic.
The Dakota County Board of Commissioners on Tuesday, Sept. 22 directed an additional $3 million of the county’s share of federal CARES Act funds toward its Small Business Relief Grant program. That is on top of $10 million the board already pledged to the program which supports businesses in Dakota County that employ up to 50 employees.
During the application period, more than 1,300 businesses applied for assistance. Nearly 400 have been approved for the one-time grant of up to $10,000. The rest of the applicants are working to verify eligibility. The funding is intended to help businesses cover payroll, rent, mortgage payments, utility bills and other operational expenses since March 1, 2020.
With the additional $3 million, the county will review applications from Dakota County businesses that applied for a similar COVID-19 relief grant from the Minnesota Department of Employment and Economic Development but did not receive it. See Dakota County Page 3 Dakota County From Page 1
Also, the following cities have partnered with Dakota County to distribute their own CARES Act funds to small businesses: Eagan, $500,000; Farmington, $500,000; Hastings,
$259,000; Inver Grove Heights, $270,000; and Mendota Heights, $85,500.