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O’Fallon offers grants to local small businesses

The city of O’Fallon is now offering grants for small businesses located within the city limits that are adversely affected by the COVID-19 pandemic. These funds are available as part of the U.S. Department of Housing & Urban Development’s Community Development Block Grant portion of the Coronavirus Aid, Relief and Economic Security (CARES) Act federal stimulus package.

The funds are available to O’Fallon’s small businesses with seven to 50 employees.

The city’s Public Assistance Office will offer financial support in the form of a grant for qualified small businesses that are working to prepare for, prevent and/or respond to COVID-19. According to the city, the program is intended as an infusion of funds to assist businesses in remaining in operation and retaining employees by providing funding for certain essential expenses.

“We know this year has presented our local businesses with unprecedented challenges, and our businesses have done an amazing job of continuing to make modifications and deal with the situation presented by COVID-19,” said Mayor Bill Hennessy. “By offering this program, we hope that we can give our businesses a boost and help them continue to fight through these next few months and protect the jobs that keep our residents working.” 

The program will offer up to $10,000 to a qualifying small business applicant to help cover such business expenses including, but not limited to, employee wages, inventory costs, vendor and utility bills, and rent/mortgage. The relief is targeted specifically to help small businesses with a physical commercial location within the city. Funds cannot be used if business interruption insurance or other federal COVID assistance programs have been accepted and/or used for the requested purpose.

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