Marshfield Economic Development Board Approves Emergency Grant Program
Monday, April 27th, 2020 -- 9:10 AM
(Hub City Times) -Marshfield city council members will be asked April 28 to sign off on an emergency grant program aimed at city businesses suffering financial hardships due to COVID-19.The city’s Economic Development Board voted 7-0 April 24th to send the program to the council for its consideration. City Economic Development Director Josh Miller told the Board the funds would go a long way toward helping small businesses struggling through the pandemic. The proposal would make $100,000 available through the EDB, and each eligible business could get up to $2,000 for things like rent, utility bills and payroll. The original cap was going to be $1,500 per business, but Alder Adam Fischer pushed for more.
Mayor Bob McManus originally wanted to make $40,000 of city funds available for the program, but the EDB stepped up to meet the need. Criteria for the money does state that applicants must be local, non-franchise businesses with 15 or fewer full-time equivalent employees, with a physical brick-and-mortar presence within the city of Marshfield.
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