Marin to launch lottery for business pandemic relief
February 19, 2021
Marin IJ article by: Adrian Rodriguez
“Marin businesses struggling to stay afloat through the coronavirus pandemic are being tossed a life raft in the form of $915,000 of federal aid.
Qualified small business owners will be able to apply for grants of no more than $10,000 and interest-free loans of no more than $50,000, starting Feb. 22. The application will enter the business into a lottery for a funding award. The deadline is 11:59 p.m. March 15.
“Making financial resources available to the business community, including supporting entrepreneurs starting new businesses, can be an important approach to rebuilding and growing the economy in the future,” Blakeley said. “The possibility of a longer term loan fund, offering preferred financing for businesses in the areas recommended by the CDA, could also stimulate more business activity and hiring of locals in those areas. Business growth and employment will be critical to restoring the economy.”
The Mission Economic Development Agency, based in San Francisco, is distributing the funds . . . working with the Canal Alliance to spread the word in the community.”
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