Gov. Little announces $300 million in cash grants will be given to Idaho small businesses
BOISE, Idaho — Idaho Governor Brad Little on Thursday announced plans to provide 30,000 Idaho small businesses with cash grants to assist in the reopening of the state’s economy.
Eligible small businesses can receive a grant of up to $10,000 if they have not already received an SBA-backed Payroll Protection loan.
“No other state in the country is putting up a larger amount from the Coronavirus Relief Fund to help small businesses with cash support,” Governor Little said in a release. “Small businesses are the backbone of our economy. My Economic Rebound Advisory Committee, which I created last week, recommended this step to ensure a path back to prosperity and restore the trajectory we had 70 days ago.”
On May 1, the Governor’s Coronavirus Financial Advisory Committee (CFAC) will finalize the plan with criteria made available May 5.
Applications will start being accepted on May 11.
Beginning May 5, the application process and information can be found HERE.
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