Mt. Sterling launches grant relief program to help small businesses hurt by Beshear’s orders
MT STERLING, Ky. (WKYT) - A new grant relief program in Mount Sterling is aimed at helping small businesses that have taken hits from the COVID-19 pandemic.
It’s called the Small Business Relief Fund.
The Mount Sterling city council approved $50,000 to be used as grants for qualifying small businesses.
The businesses have to have been categorized as a non-essential business that was forced to shut down or seriously reduce business operations because of the governor’s executive orders.
“We want them here when all of this is said and done,” Mount Sterling Mayor Al Botts said.
Those owners can apply for up to $1,000 to pay for things like rent, utilities, and payroll.
It’s a need that Industrial Development Authority and Chamber of Commerce Executive Director Jason Rainey has heard repeatedly from local entrepreneurs.
“When we get on the other side of this pandemic, we’re going to be all hands on deck to get the local economy churning even more,” Rainey said.
The city will award those grants on a first come first serve basis until the entire $50,000 allotment is used.
“So, this is just a good opportunity for us to give back to them, those that have really struggled through all of this just to make ends meet. And, as I said before, we want them here when all of this is said and done,” Mayor Al Botts said.
The city was able to pull this money from its general fund because of reimbursements it got back from CARES Act funding.
“We have been very fortunate this year to receive over $650,000 in CARES Act funding,” Mayor Botts said. “So, with that reimbursement, we were able to free up some money and part of that money that we’re going to free up is going to go back to support our businesses.”
Mayor Botts said it’s the city’s way of giving back and doing its part to make sure the small businesses’ ‘open’ signs aren’t permanently flipped to ‘closed.’
Small business owners who are interested can find the application online.
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