Oakland County Economic Recovery Grants - Application Period Begins Today
Small Retail, Restaurants, Personal Service Businesses Hurt by COVID-19 Can Apply Now for Economic Recovery Grants
Starting today, Oakland County retail stores, restaurants and personal service businesses such as salons and fitness centers impacted by the Coronavirus pandemic with 100 of fewer employees can apply for part of the $32 million Oakland Together Small Business Recovery Grant fund.
The grants – which range from $2,500-$10,000 – provide an infusion of capital to support payroll expenses, rent, mortgage payments, utility expenses or other similar ones that occur in the ordinary course of business. The funds come from Coronavirus Aid, Relief, and Economic Security (CARES) Act money allocated to Oakland County by the federal government.
Applications are accepted online at www.oakgov.com/covid/grants, which also describes the program in detail and lists the type of eligible businesses, which include:
• Business and personal services
• Entertainment and recreation
• Construction and maintenance services
The deadline to apply is Aug. 24. Award determinations will be made about every two weeks until the deadline.