New grant program launches for Des Moines area businesses

More than 30 businesses and organizations have partnered to launch the DSM Small Business Recovery Grant program to help small businesses in the Des Moines area that have been affected by the COVID-19 pandemic.

The grant program will be available to businesses with 0 – 30 employees that have had restrictions placed on their operations due to the COVID-19 pandemic.

Grant awards will range from $1,000 – $5,000 dependent on justification of need, with grants of up to $10,000 available for businesses in the City of Des Moines due to Community Development Block Grant funds through the U.S. Department of Housing and Urban Development.

Preference will be given to businesses that have not yet received money from federal or state recovery programs as this regional program is intended to complement, not duplicate, other existing programs.

The fund is primarily limited to businesses in Polk County and Warren County, though businesses in contributing cities that cross county lines will be considered.

Applications open today and will remain open until Midnight on May 20. Funding will be distributed based on merit and need, not first-come, first-served. Applications will be reviewed by the Iowa Center for Economic Success.

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