EDA approves emergency business relief
28 Mar 2020
The New Ulm Economic Development Authority (EDA) held a special meeting Friday to provide emergency relief for businesses impacted by the COVID-19 pandemic, which included the creation of $250,000 in grants for qualified businesses.
COVID-19 has disrupted normal business practices across the country resulting in financial cost and loss. The $250,000 emergency relief fund is intended to quickly assist business owners to stabilize their cash flow.
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New Ulm area businesses can now apply for a grant to help them recover from the effects of the coronavirus pandemic. Ogden Newspapers Inc., the parent company of The Journal, has established a $1 million fund to help local businesses get back to full strength by subsidizing local marketing efforts...
The Blandin Foundation will quickly establish two $500,000 funds to support Itasca County area small businesses, one for working capital and one a relief fund.
“Small businesses are at the cornerstone of vibrant communities,” said Dr. Kathleen Annette, Blandin Foundation president and CEO. “Our Itasca business leaders are strong...
Bloomberg Philanthropies and the National League of Cities Launch New Coronavirus Local Action Tracker
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