Spring Valley businesses affected by COVID-19 are encouraged to apply for Small Business Relief Grants of up to $2,000 beginning, Friday, September 11, 2020. The Spring Valley EDA, with the support from the City Council, has made $20,000 of the City’s CARES Act funding available to assist Spring Valley small businesses with COVID-19 related expenses.
“The Spring Valley EDA and the Spring Valley City Council continue to explore ways to get financial assistance to our small businesses as they continue to adapt to the challenges of 2020,” said Chris Hahn, EDA Director for Spring Valley.
In addition to demonstrating a COVID-19-related loss since March 1, 2020, businesses wishing to apply must have under 50 employees, be a for-profit business physically located in Spring Valley, MN, be registered and in good standing with the State of MN, and have applicable licenses and taxes current.
Eligible business expenses covered by these grants include rent, mortgage, utility payments, payments to suppliers, costs associated with re-opening, installing buffers or barriers, and costs associated with adapting to COVID-19-related operating restrictions. Businesses that received CARES Act funding from any other sources must not use the Spring Valley Relief Grant money for the same purpose.
Applications can be downloaded here or available to pick up at City Hall at 201 South Broadway, Spring Valley, MN 55975. Completed applications should be emailed to firstname.lastname@example.org or dropped off at City Hall, Attn: EDA
A review of applications by the Spring Valley EDA is scheduled for October 1, 2020, with awards being distributed mid-October. Questions should be directed to Chris Hahn, Spring Valley EDA Director, via email at email@example.com or by calling 612-327-9729.
Small Businesses in Spring Valley interested in applying can learn more about the Federal and State CARES Act fund guidelines at home.treasury.gov/policy-issues/cares.