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The City of Eagle is utilizing a portion of its CARES Act allocation to provide grants to small businesses that meet certain qualifying criteria. This grant is made possible through the work of Governor Brad Little, State Controller Brandon Woolf, the Association of Idaho Cities, and the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The Governor’s Coronavirus Financial Advisory Committee (CFAC) created this grant to help local businesses affected by the COVID-19 pandemic, enabling cities to provide aid within their community.
Eagle has set aside up to $300,000 in total funds to give to small businesses with average awards to individual applicants ranging from $3,000 to $15,000. Businesses can apply for reimbursement to cover expenses for necessary expenditures related to the coronavirus disease (COVID-19) and costs incurred between June 20, 2020, and December 30, 2020. Through this program, the City of Eagle hopes to support small businesses within the community that have been greatly impacted by the pandemic.
Eagle Mayor Jason Pierce said, “Strong communities are built on the foundation of strong local economies, and that foundation is built first and foremost by our small businesses. Small business owners and their workers have been significantly impacted by COVID-19 in every aspect of their lives, and as a City, we want to help them weather the storm now and in the future. This small business grant program will help provide some relief to small businesses that may not have otherwise received assistance or that did not qualify for other federal and state programs. The City of Eagle will continue to provide support and resources to our local businesses through as many efforts as possible.”
Eagle will begin accepting applications on Wednesday, November 4, 2020. All program guidelines and more qualifying criteria are available at www.cityofeagle.org/smallbusinessgrants. Please note this program is available on a first-come, first-serve basis.