Stevens County has committed up to $1,000,000 for small business assistance…
Tri County Economic Development District (TEDD) is partnering with Stevens County to administer a Small Business Stabilization Grant program made possible by federal Coronavirus Aid, Relief and Economic Security (CARES) Act funding. The County has committed up to $1,000,000 for small business assistance that will be distributed in the form of grants of up to $10,000, and will be awarded to local businesses that have been impacted by the COVID-19 pandemic. “The Stevens County Commissioners are very concerned for the local economy and have partnered with TEDD to offer this grant, which will provide much needed support to businesses throughout the county” commented TEDD Executive Director Jeff Koffel.
Many local businesses are feeling the effects of the pandemic and the uncertainty that lies ahead. The Stevens County Commissioners want to make sure that the funding provided by the CARES Act makes its way into the hands of these businesses as soon as possible. County Commissioner Wes McCart commented, “It’s our desire to keep folks employed and to keep the economy going”. The funds provided by the federal CARES Act must be distributed by October 31, or they will revert to the U.S. Department of the Treasury.
Business owners interested in applying for the grant can visit www.tricountyedd.com and click on the COVID-19 Resources link. TEDD will offer a webinar on Thursday, July 9 at 11am to review the grant application process and timeline. This is a great opportunity to ask questions and make sure you have all necessary details and documents required for a successful application.