November 29, 2020

casiopeea

business is the best

Deadline Friday for little-company grants | Coronavirus

2 min read
WENATCHEE — Tiny business enterprise entrepreneurs in the metropolis of Wenatchee and Chelan and Douglas...

WENATCHEE — Tiny business enterprise entrepreneurs in the metropolis of Wenatchee and Chelan and Douglas counties have a further week to use for about $1 million in grants designed to aid offset charges incurred since of the pandemic.

The Chelan Douglas Regional Port Authority is administering the grants for the town and counties, employing resources gained by way of the point out from the federal CARES Act.

“Our existing push is to get extra applications for the Chelan County and Douglas County CARES Act Phase II Grants and the Town of Wenatchee CARES Grant software,” Jim Kuntz, executive director of the port authority, claimed Friday.

The hope is to have enough applications to use all the resources, he stated. If not, the money will be returned to the state Division of Commerce.

The deadline for programs is Oct. 30.

Information are readily available on the port authority’s website, cdrpa.org.

The town of Wenatchee earmarked $500,000 for its CARES Act grant program to help businesses with 25 staff or fewer acquire up to $10,000. So far, 16 grants have been distributed in this round, Kuntz claimed. That leaves the chance for yet another 34 companies to apply for the remaining $340,000.

The next spherical of CARES Act grants for the two counties also has revenue out there. Individuals grants are for firms with 20 or much less employers, capped at $5,000 per grant. A list supplied by the port authority exhibits about 50 % the resources have been awarded so significantly.

  • In Chelan County, which provided $690,595 for this 2nd period of the program, 66 corporations have acquired a whole of $321,125, leaving a different $369,470 out there for 72 organizations.
  • In Douglas County, $103,500 has been dispersed to 21 organizations, leaving another $130,800 for 26 firms.

The to start with stage of CARES Act grants in the two counties distributed $1.9 million to more than 300 smaller enterprises. That round ended in September.

The town of Entiat’s grant program also is even now accepting applications to award the remaining $25,000 in its grant fund. It has dispersed grants to two firms so much, with potential still left for a further five.

Numerous other grant packages have closed immediately after possessing distributed most of the funds.

“For the packages that are closed, we are waiting for a number of companies to convert in their ultimate paperwork,” Kuntz said. “Most funding pots in the close will be absolutely allotted.”

A person exception is the town of East Wenatchee’s Neighborhood Improvement Block Grant cash, he mentioned, which experienced earmarked $133,927 to be dispersed to 27 compact corporations inside the town limitations. No programs experienced been processed as of Friday.

“We are not heading to obtain more than enough applications in time. The remaining cash will be turned back to the metropolis of East Wenatchee,” he mentioned.

In all, the port authority has distributed $3.15 million of CARES Act funds to 657 smaller organizations, in accordance to the port-delivered list.

Copyright © All rights reserved. | Newsphere by AF themes.