As of April 10, all funds from the Small Business Relief Program launched last month have been expended.
More than 1,200 small businesses shared in the $24 million in grants awarded last week through the state’s Economic Emergency Fund and the Iowa Economic Development Authority.
Priority was given to businesses that demonstrated projected revenue losses of 75% or greater and businesses that were among the first to close due to the public health emergency. These largely consisted of restaurants, bars and breweries throughout the state.
The program offered grants ranging from $5,000 to $25,000 to small businesses economically impacted by the COVID-19 pandemic. Business owners were also offered a deferral of sales and use or withholding taxes due and waiver of penalty and interest.
If additional funding becomes available, additional awards will be made from the current pool of applicants. IEDA will not open a new round of applications.
Click the links below to see the businesses that received grants from Small Business Relief Program.
Iowa adds $20 million to Small Business Relief Program grant pool –April 8, 2020
State announces assistance for targeted small businesses -March 26, 2020
Iowa launches Small Business Relief Program in response to COVID-19 -March 24, 2020
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