Redwood County

COVID Small Business Relief
Grant Program

For Redwood County Businesses

APPLICATIONS OPEN 8 a.m. SEPTEMBER 1, 2020 AND CLOSE AT 4 p.m. SEPTEMBER 11, 2020

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CARES Act Coronavirus Relief Funds

Redwood County was a recipient of $1.9 million CARES Act Coronavirus Relief Funds from the Federal Government. 

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ABOUT THE PROGRAM

One of the eligible Fund uses is to provide financial assistance to for-profit and non-profit businesses in Redwood County negatively impacted by the COVID-19 pandemic.  The purpose of the Redwood County COVID Small Business Relief Grant program is to provide a one-time grant opportunity for businesses experiencing financial hardships due to the COVID-19 health pandemic, adhering to federal rules and regulations associated with the CARES Act Funding.  The primary goal of the program is to facilitate business survival and enhance to the greatest extent possible retention of jobs throughout Redwood County.

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GRANT AMOUNT

Applicant is eligible to receive up to $10,000 per business.

Actual grant award will be based on the businesses economic injury, financial need and availability of grant funds; with priority to those applicants who have not already received CARES Act grant funds.

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Applicant is eligible to receive up to $10,000

ELIGIBILTY

ELIGIBLE APPLICANTS 

  • For-profit and non-profit business located in Redwood County; to include businesses operating within their home
  • Businesses with 50 or fewer employees
  • If business is registered with the Minnesota Secretary of State (SOS), business must be in good standing. Please note, not all business structures require to be registered with SOS
  • Operating as of October 1, 2019
  • Current on all Redwood County property taxes by date of application, if applicable
  • Demonstrate a gross revenue reduction business loss of 10% in a three month consecutive period
    • 2019 Financials: any consecutive three month period between  March 1, 2019 - December 31, 2019
      compared to
    • 2020 Financials: any consecutive three month period between March 1, 2020 - August 31, 2020
  • Can document costs of business interruption and/or financial hardship as a result of COVID-19
  • Applicants who received a Small Business Administration (SBA) Paycheck Protection Program (PPP) or Economic Injury Disaster Loan (EIDL) or Advance, or any other SBA loan, State of Minnesota Department of Employment and Economic Development (DEED) loan, or any other Regional, County or City loan; may still apply for the Redwood County Small Business Relief Grant program
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INELIGIBLE APPLICANTS

  • Lending institutions, law firms, accounting firms, utility companies, chain convenience stores, residential rental properties, production agriculture, insurance agencies, financial advisors, and passive investment.
  • A business which received a State of Minnesota Small Business Emergency Loan
  • A business engaged in activities that are prohibited by federal law or applicable law in the jurisdiction where the business is located or conducted

FUND USES FOR THE PROGRAM

ELIGIBLE USES
(covered period of March 1, 2020 - December 1, 2020)

  • Rent or mortgage payments
  • Utility bills
  • Payment to suppliers/inventory
  • Costs associated with reopening or restructuring operations of the business
  • New or enhanced marketing efforts (i.e. website development)
  • Other critical non-payroll business expenses as approved by the Redwood County CARES Act Committee and which are consistent with the intent of the Program

INELIGIBLE USES

  • Payroll
  • Business start-up expenses
  • Capital improvement projects
  • Property tax payments
  • Workforce bonuses
  • Expenses listed must not have been reimbursed by or purchased by other COVID Relief Funds such as the PPP loan

Application Timeline

  • Applications will be accepted beginning at 8 am on September 1, 2020 and close at 4 pm on September 11, 2020
  • Applicants selected will be presented to the Redwood County Board of Commissioners for final approval around the end of September 2020 at either a regularly scheduled board meeting or special board meeting
  • Applicants will receive an email notification if awarded or not, around the first of October 2020

Questions?

Call Briana Mumme

Redwood County Economic Development Coordinator

Monday - Friday 8 a.m. - 4:30 p.m.

Contact Us

Complete the form online

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