John Schroder
Application for a state-run grant program for small businesses impacted by the pandemic begins tomorrow.
Eligible businesses can receive up to 15,000 dollars in reimbursement for expenses incurred during the shutdown. State Treasurer John Schroder calls it no strings attached, and expansive.
“It covers things like rent, utilities, payroll, any equipment you had to buy to operate,” says Schroder.
Businesses must have a brick and mortar location and fewer than 50 employees to be eligible.
The program kicks off tomorrow at 9 AM. Schroder says the application process is online only and can be found here.
The money will be sent out on a first-come-first-served basis.
Schroder says the 275 million dollar program isn’t a lot of money in a state of 457,000 small businesses.
“We are excited about it, the website launched about ten days ago and almost 40,000 people have gone to the website, we know there is a big interest,” says Schroder.
For the first 21 days, the program will only disburse funds to businesses that did not receive federal assistance or insurance payments.
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