For Immediate Release
Economic Development Creates Grant Program
May 20, 2020, Sterling, Colo. – The Logan County Economic Development Corp has created a fund to assist small businesses in Logan County with costs associated with reopening or remaining open through Covid-19. The fund is designed to be a small grant pool that will help businesses to recover costs of implementing new health safety measures, cleaning protocols, personal protective equipment for employees, and other costs that have been incurred in order to respond to covid-19 health safety requirements or best practices in order to keep their businesses operating.
Small businesses that are based in Logan County can apply for reimbursement of eligible costs by contacting the LCEDC to request an application. The process will be quick and require a simple form and short narrative about the expenses that were incurred. The LCEDC will process applications as they come in through an internal committee until the funds are depleted.
According to Executive Director Trae Miller, “We want to stretch these dollars to help as many businesses as we possibly can. Hopefully, others will consider contributing to support the fund if demand is really strong.”
The grant requests are limited $100-$500 per business, and applicants are asked to only request what they really need to help the money go further. The program is intended to help the smallest of local businesses that greatly feel the extra burden of purchasing additional health safety and cleaning items to maintain appropriate standards for their customers.
To be eligible for the program, the business must be based in Logan County, be independently owned and operated, have less than 10 employees, and have incurred specific costs related to health safety as part of Covid-19, the costs associated must also be related to reopening or staying open to customers. Business applications will be reviewed on a first-come first-served basis and funding is not guaranteed.
Miller also said, “LCEDC recognizes the critical role our small businesses play in the long-term success and recovery of our economy. We want to do what small part we can to help them through this time.” The LCEDC is also pursuing other funding sources to increase the money that would be available to local businesses for this program.
The funding for this program is made possible by the annual contributions made by Logan County, City of Sterling, Sterling Urban Renewal Authority, and LCEDC Business Members. More information about LCEDC members can be found at www.Sterling-Logan.com.
If you are a business owner that is interested in the program, or if you are interested in contributing to the program fund contact Trae Miller at Trae@Sterling-Logan.com or 970-520-1283.
Logan County Economic Development Corporation is a 501 C 3 non-profit formed to expand the economic base of Logan County, Colorado through: retention and expansion of existing businesses, recruitment of diverse and complementary new businesses, and infrastructure development. The LCEDC functions as a point of contact to assist with the acquisition of financing; local and state incentive packages; and state, federal and private grants. It also serves as a liaison between industry and local government to facilitate industry establishment and expansion.
The LCEDC is a public-private partnership funded in part by the City of Sterling, Logan County, and private business membership.
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Logan County Economic Development Corp