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BIZ JOURNAL: County offering $15,000 grants to small businesses through federal funds.

County offering $15,000 grants to small businesses through federal funds.

Jacob Kirn, May 1, 2020

St. Louis County Executive Sam Page said Friday the county will offer $17.5 million in grants to small businesses hit by Covid-19 shutdowns. The funding comes from the $173 million awarded to the county by the federal government through a virus relief program.

Page's office said each of seven County Council districts would receive $2.5 million in grants. Each business is eligible for a grant of $15,000 or less.

Page said during a press conference that County Council members and other municipal officials would help select businesses, and that they'd be approved by the council.

Council members will submit recommendations by June 1, with an accounting firm reviewing those, Page said.

Other stipulations:

  • Businesses must have 50 or fewer employees as of March 1 and have been closed during the county's ongoing stay-at-home order.
  • Any two or more businesses with common ownership of 25% or more are considered to be the same business.
  • No business may receive a grant if the business has a director, officer, employee, agent or subcontractor that is an elected or appointed official of the county, or is a member of the immediate family of any such official.
  • Any business that did not comply with the stay-at-home order is disqualified.
  • A nonprofit that operates a place of worship will not be disqualified on that basis alone.

 

P.O. Box 410091
Saint Louis, MO 63141
Paid for by Page for Missouri, Sue Felling, Treasurer

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