By Brendan LaChance on December 23, 2020
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CASPER, Wyo. The Wyoming Business Council (WBC) said on Wednesday that all funds allocated to the “Endurance Fund” have been paid out.
The fund provided $82.8 million in relief to 981 Wyoming businesses and nonprofits impacted by the COVID-19 pandemic using federal CARES Act dollars.
“The Endurance Fund opened on Nov. 2 with $24 million allocated in unspent dollars from previous funds administered by the Business Council (Interruption, Relief, and Mitigation),” the WBC said. “The application period closed on Nov. 18 with 2,197 eligible businesses and nonprofits submitting applications for $215.7 million in requests.”
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Wyoming was allocated a total of $1.25 billion in federal CARES Act dollars. About $420 million of that funding was provided to 8,578 businesses and nonprofits applying for the various COVID relief programs.
The Wyoming Business Council announced today that all CARES Act dollars allocated to the Endurance Fund have been fully expended, dedicated to paying applications from entities that did not previously receive COVID-19 Business Relief Program (BRP) awards.
A total of 981 Wyoming businesses and nonprofits were paid $82.8 million from the Endurance Fund. Remaining applications in the queue are not able to be funded, and applicants have been notified via email.
The Endurance Fund opened on Nov. 2, with $24 million allocated in unspent dollars from previous funds administered by the Business Council (Interruption, Relief, and Mitigation). The application period closed on Nov. 18, with 2,197 eligible businesses and nonprofits submitting applications for $215.7 million in requests.
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Portland, Multnomah County race to spend millions in federal coronavirus aid to avoid paying back ‘one dime’
Updated Dec 19, 2020;
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Portland and Multnomah County officials say they’re on track to spend all of the millions in federal coronavirus aid they’ve received as the end-of-year deadline looms.
Nearly $170 million poured into city and county coffers from the federal CARES Act since April, according to figures reviewed by The Oregonian/OregonLive.
Any funds not used by Dec. 30 must be returned to the federal government.
The assurances by Oregon’s most populous city and county that they will not have to forfeit portions of the aid come as each scramble to exhaust their pandemic assistance in the home stretch.
WBC hires third party to audit CARES Act fund recipients thesheridanpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesheridanpress.com Daily Mail and Mail on Sunday newspapers.