City council approves small business grant program
Dec. 15, 2020
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FILE PHOTO: Midland City Council seats a full council 02/25/2020 with Lori Blong, Michael Trost, Spencer Robnet, Mayor Patrick Payton, Scott Dufford, Jack Ladd and John Norman . Tim Fischer/Reporter-TelegramTim Fischer/Midland Reporter-Telegram
The Midland City Council on Tuesday budgeted $1 million to assist small businesses affected by the coronavirus pandemic.
The creation of a grant program using part of the $7.9 million in federal CARES act funding the city received was approved in a 5-2 vote. Up to 96 businesses will receive $10,000 grants to be used for payroll for employees, rent, health care benefits, reimbursement for lost revenue and expenses such as personal protective equipment.
Council may give $1M to businesses hurt by pandemic
Dec. 14, 2020
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FILE PHOTO: Midland City Council seats a full council 02/25/2020 with Lori Blong, Michael Trost, Spencer Robnet, Mayor Patrick Payton, Scott Dufford, Jack Ladd and John Norman . Tim Fischer/Reporter-TelegramTim Fischer/Midland Reporter-Telegram
The Midland City Council will consider today using $1 million of its federal CARES act funding to help small businesses affected by the coronavirus pandemic and shutdowns.
If approved, 963 businesses will receive a $10,000 grant to make up for lost revenue because of closures and decreased customer demand, according to an agenda packet for today’s meeting. The remaining $37,000 will go to Midland College for administering the program.