Norman County EDA Provides Nearly 300K in Economic Relief Grants to Businesses
By Mark Askelson firstname.lastname@example.org (10/26/20)
Ada, MN — Nearly $300,000 will soon be going out to local businesses in Norman County to provide economic relief caused by the COVID-19 pandemic. The money comes courtesy of the CARES ACT that distributed funds to counties, cities, and townships across the state. The Norman County EDA was tasked with distributing those funds for the county and had dozens of businesses apply for funding. Norman County EDA member John Hintz says they had more than $400,00 in requests for their $292,000 in available funds.
While bars, restaurants, and salons appear to be the hardest hit from the pandemic, Hintz says through this process they quickly learned that a number of other industries, such as construction, retail, and a number of others that were all hit hard as well.
As more funds become available, the Norman County EDA plans to use them to fully fund more of the grant requests as well potentially provides grants to those who were not funded in the first round.