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The original item was published from 11/18/2020 2:46:59 PM to 12/5/2020 12:00:05 AM.

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Posted on: November 18, 2020

[ARCHIVED] Ramsey County Opens Third Round of Small Business Relief Fund

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Ramsey County has opened a third round of funding for businesses that have experienced financial strain as a result of the COVID-19 crisis. This will be the last grant round for 2020, and businesses will be funded on a rolling basis until funds are exhausted. To apply visit Ramsey County's website for more information.

Businesses that have already received funding through Ramsey County’s Small Business Relief Fund are also eligible for consideration, and able to receive an additional grant up to $5,000 (businesses with employees are eligible for no more than $15,000 cumulatively from Ramsey County) or $2,500 (self-employed, sole proprietor, and creative businesses) are eligible for no more than $10,000 cumulatively Small Business Relief funds) respectively.                                                                    

Businesses that have previously submitted an application and not yet received an award during previous rounds and now meet the updated eligibility will be prioritized for selection.

Funds can be used for operating expenses, including rent payments, mortgage payments, utilities, payments to suppliers, production of business contingency plans, technical assistance/reopening services, technology capital or marketing assistance/tools, security or other critical non-payroll business expenses (including expenses related to reopening) as approved by the fund administrator.

The Relief Fund will be administered by the Metropolitan Consortium of Community Developers’ Open to Business program, which provides technical assistance and access to capital for businesses throughout Ramsey County. Priority outreach will be conducted in partnership with community-based organizations working in low-wealth communities, communities of color, and areas with barriers to access other small business resources.

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