The City of Overland Park will soon open three new grant programs for the Overland Park business community.
Community Capital Fund of Kansas City, Mo. will administer the grants. Community Capital Fund helped design the grant programs, using information gathered during a community engagement process, to ensure the grants are tailored to current business needs related to the ongoing COVID-19 pandemic.
The City of Overland Park has allocated $3 million to this program, funded through the federal American Rescue Plan Act.
“Overland Park small businesses are a driving force behind our community’s strong neighborhoods, infrastructure, and of course, economic growth,” said Mayor Curt Skoog. “Using this federal funding to support these businesses is key to Overland Park’s continued success through the pandemic.”
Businesses that provide goods or services to low-to-moderate income residents and registered minority-owned, woman-owned, or disadvantaged-owned enterprises will receive special consideration in grant allocation.
Individual funds will provide grant access to a variety of business types in Overland Park:
The Impacted Industries Fund will offer grants up to $50,000 to businesses operating in industries that experienced employee loss during the pandemic. Those industries include utilities, management of companies, information, education services, mining, quarrying, oil and gas extraction, accommodation and food services, and creative industries. To apply, businesses must have fewer than 250 full-time equivalent employees and less than $2 million of revenue.
The Small Business Rescue Fund will offer awards of up to $50,000 to for-profit, non-profits, home-based and internet-based businesses located in Overland Park. The funds can be used for payroll, off-setting economic losses, childcare support for employees, business improvement needs, and training and hiring needs. To apply, businesses must have fewer than 250 full-time equivalent employees and less than $2 million of revenue.
The Hotel Fund will be specifically for locally owned hotels operating in Overland Park. This fund was created after the city received feedback about the unique, ongoing challenges of the hotel industry. This fund will award up to $50,000 to offset this economic hardship.
“As the pandemic has evolved, so have the issues facing Overland Park’s small business community. Community Capital Fund is proud to continue our support of the City of Overland Park and their desire to get these dollars into the hands of local business owners,” said Phyllis Hardwick, Executive Director of the Community Capital Fund.
For more information and to apply when the grant opens, please visit the Community Capital Fund website.