Small business economic recovery funds available

Small businesses in Overland Park can receive up to $10,000 in pandemic recovery funding to make rent and mortgage payments.

The Community Development Block Grant Small Business Economic Recovery Program provides up to $10,000 to small businesses that are struggling with capital and payroll expenses, low demand and other challenges associated with the pandemic and reopening process.

The City’s small business grant fund will reopen June 21 for a second round of funding. During a preliminary round of funding in 2020, the City distributed $200,000 to 40 Overland Park small businesses.

This time, the City has more than $550,000 to distribute. In the second round of funding, businesses are eligible to receive up to $10,000, or $5,000 if they received a grant during the 2020 funding round.

“Even as many economic indicators brighten in our community, we know the COVID-19 pandemic has created an unexpected economic recession that has disproportionately affected small businesses in our community,” said Julie Smith, the City’s grants coordinator. “Many small businesses lack access to the capital and resources from traditional sources needed to keep their work going as they navigate reopening, and we are continuing to help them with their job retention objectives.”

The City has partnered with Community Capital Fund to administer the grants. Business owners can apply on the Community Capital Fund website beginning June 21.

Funding for this program is made available through the Community Development Block Grant allocation approved by Congress in March of 2020 as part of the CARES Act.

Contact

Meg Ralph Digital Communications Supervisor City Manager’s Office 913-895-6160