St. Louis County distributes millions more in recovery aid
St. Louis County has completed the distribution of $ 3.84 million in the Minnesota Legislature to help small businesses across the county.
A total of 749 eligible companies and non-profit organizations received funding from the third phase of the COVID-19 aid grants for small businesses in the district, according to a press release from the district on Thursday.
When it comes to funding from the Federal American Rescue Act, which the county is expected to receive $ 54.3 million, this week’s county board meeting discussed the next steps.
“We need some time to really get the bill under control,” Administrator Kevin Gray told the board. The administration is ready to have an informative discussion with the commissioners later, and the federal bill offers more time to provide funding to individuals and companies involved.
The last round of state funding was carried out “to provide meaningful support to as many companies as possible,” said the district.
Phase 3 grants were awarded based on funding priorities. Top priority was given to companies and nonprofits that were forced to close to the public last November as a result of Governor Tim Walz’s order as COVID-19 cases had spiked ahead of the holidays and did not receive COVID-19 business relief Payment from the Minnesota Treasury Department in January.
The second priority level concerned companies that had not received the relief payment and that are mainly owned by women, minorities or veterans. All other eligible companies fell into a third priority level.
The full list of companies receiving funding in Phase 3 can be found at stlouiscountymn.gov/cares.
“We are grateful to the state parliament for recognizing the difficulties our small businesses continue to face as the pandemic has developed and various stalemates have occurred,” said Mike Jugovich, chairman of the county board. “We appreciate being able to pass these funds on to keep these companies alive until better days come.”
In addition to the $ 3.8 million in government funding, the county has also distributed nearly $ 12 million in federal funds under the CARES Act. That includes $ 6.2 million that was distributed to small businesses in two phases over the past year. $ 1.8 million for 12 public school districts and two charter schools in the county; Funding for community organizations of $ 2.8 million; and $ 89,000 in individual assistance.