Springfield, MO Allocates $400,000 of CARES Act Funding for Small Business Support Grants
Learn how to apply for grants up to $10,000.
CARES Act Funding
Springfield City Council recently allocated $1.1 million in Community Development Block Grant money issued by the Department of Housing and Urban Development to provide housing assistance, homelessness diversion, public services and business grants.
The funding will be allocated in the following categories:
$405,223 dedicated to small business grants
$331,776 dedicated to public services and homelessness diversion with
$385,016 dedicated to housing assistance
Small Business Grants
The grants for small business support are intended to help local small businesses respond to the business impacts of COVID-19. In order to qualify, a business owner must demonstrate a hardship that was caused by the COVID-19 outbreak. The maximum grant amount is $10,000. Businesses must have a physical location within the city limits of Springfield and must be a for-profit business. Business owners are encouraged to review the full application and eligibility criteria.
Grant applications will be processed in the order received. Applications must be complete in order to be processed.
This relief funding comes after Council approved $916,138 in CARES Act funding for affordable housing assistance, services for the homeless and forgivable economic recovery business loans in June. Approximately $400,000 of that funding was allocated in the form of forgivable small business loans.