Redwood County to offer second round of COVID small business relief grants

Earlier this year, Redwood County received $1.9 million in CARES Act Coronavirus Relief Funds from the Federal Government. One  of the points of the funding was to provide financial assistance to businesses that have been negatively impacted by the COVID-19 pandemic.

Last month, the Redwood County Board has approved over $1.2 million in CARES Act funding grants to Redwood County businesses hurt by the state’s business shut-downs and stay-at home orders. One hundred and thirty-nine for-profit and non-profit businesses across Redwood County were notified they will be receiving federal funding distributed through the Redwood County Economic Development.

This week the Redwood County Board announced it still has approximately $300,000 that could be eligible for more relief funding. With that in mind, the county announced it is offering a second round of COVID Small Business Relief Grants available for eligible county businesses.

The program is available to for-profit and  non-profit businesses with a physical location in Redwood County. Eligible businesses may request up to  $10,000 per business. Actual grant award will be based on the businesses economic injury, financial  need and availability of grants funds. Applicants who have been notified of a grant award from the first  grant cycle are not eligible to apply for a second grant. The desire is to reach those businesses who did  not submit an application through the first grant cycle. 

Applications for the second grant cycle will open October 12, 2020 and close at 4 pm on October 21,  2020. Those interested are encouraged to review Redwood County COVID Small Business Relief Grant  program guidelines and apply at https://apply.redwoodcounty-mn.us/.