KANSAS Metropolis, Mo. — Overland Park declared three new grant programs Tuesday for small corporations or inns working with dollars from the American Rescue Program Act.
Two of the grant programs, which will be administered by the Group Cash Fund of Kansas Metropolis, Missouri, will aid mitigate the effect of staff decline during the COVID-19 pandemic or to fulfill ongoing financial wants for businesses with less than 250 personnel and less than $2 million in yearly profits..
The 3rd grant method has been established to support Overland Park-location inns.
Awards of up to $50,000 are available by way of the 3 packages — which will give specific consideration to minority-, women- or deprived-owned enterprises as perfectly as firms that deliver products and services to lower-to-average money inhabitants.
“Overland Park modest organizations are a driving drive behind our community’s sturdy neighborhoods, infrastructure, and of training course, financial advancement,” Mayor Curt Skoog mentioned in a statement. “Using this federal funding to assistance these companies is vital to Overland Park’s ongoing results as a result of the pandemic.”
The metropolis performed listening periods in January to get community input about the desires that should really be targeted with federal funding.
The Neighborhood Cash Fund, which earlier administered the Overland Park Compact Organization Recovery Application applying income from the CARES Act, designed the packages dependent off the information and facts from those people sessions.
“As the pandemic has progressed, so have the challenges struggling with Overland Park’s little small business local community,” Group Funds Fund Govt Director Phyllis Hardwick said in a assertion. “Community Funds Fund is very pleased to continue our guidance of the Town of Overland Park and their motivation to get these pounds into the palms of neighborhood company entrepreneurs.”
The Impacted Industries Fund will give grants to “businesses running in industries that experienced personnel decline throughout the pandemic.”
Those people industries incorporate “utilities, management of organizations, info, education and learning companies, mining, quarrying, oil and gas extraction, accommodation and food stuff products and services, and innovative industries,” according to a release from the town.
The Compact Company Rescue Fund is accessible to businesses or nonprofits in need to have of help “for payroll, off-setting financial losses, childcare guidance for staff members, company enhancement requires, and schooling and using the services of desires.”
Eventually, the Lodge Fund will give guidance for regionally owned resorts in Overland Park to reduce “the distinctive, ongoing worries of the resort marketplace.”
“The American Rescue Strategy proceeds to deliver for Kansas,” Rep. Sharice Davids, the only member of the Kansas congressional delegation to vote for the reduction and stimulus package deal, mentioned in a assertion. “As modest businesses confront new problems — from source chains to workforce — we are building confident they can hold serving our communities and powering our economic system. These plans represent a collaboration between point out, neighborhood, and federal initiatives as properly as private funding prospects to guidance our tiny enterprise house owners.”
Apps are now open for the trio of grant plans. The deadline to implement is June 30, 2022.
Companies and nonprofits must only apply to a person of the a few systems, which will be reviewed by the Group Funds Fund. Awards will not be granted on a initially come-very first served basis.
“It is hard to have flourishing neighborhoods and flourishing metropolitan areas without smaller firms,” Hardwick said. “They are frequently a largest employer in a group and they also provide additional support and services.”
Overland Park distributed $200,000 in compact-organization grants in 2020 and $460,118 in 2021 utilizing CARES Act funding.
Brian Goldman and his spouse, Fernanda, the owners of Taco Naco, acquired just one of the grants in 2020.
“Any minor bit helped,” Brian reported. “That, far more than everything, gave us peace of head that we can go on 1 month devoid of earning money.”
The couple’s taco cafe at 8220 Metcalf Ave. was ready to spend lease and keep staff members thanks to the previous grant.
Goldman claimed he ideas to use for an additional grant with the new round of funding.
“There’s nevertheless a ton of hurdles in our way this 12 months,” Goldman reported. “Now, this calendar year, the major thing is inflation, of class, and we have continue to a few offer-chain troubles.”