SCOTT COUNTY CDA: SMALL BUSINESS RECOVERY FUND
To provide emergency recovery support to small local businesses in Scott County adversely impacted by the COVID-19 pandemic, the Scott County Community Development Agency Small Business Recovery Fund will provide forgivable loans of up to $5,000 to small businesses most in need of support.
To be eligible a small business must demonstrate that its operations have been directly and adversely affected by the COVID-19 pandemic and the State of Minnesota Executive Orders 20-04 and 20-08. Businesses must have a physical location within Scott County, have been operating for at least 6 months and employed between 3-20 full-time employees as of March 1, 2020, and be under $1 million in revenue.
Applications will be accepted online beginning July 6 through July 17, 2020 at noon. Full guidelines, eligibility requirements, and application information can be accessed through the links below.
The City of Savage has partnered with the Scott County CDA to offer additional funds specifically available to Savage businesses only. The same application is being used – ALL APPLICATIONS should go through the link below. As other Scott County cities discuss what to do with the CARES Act money they received, there may be additional cities who also decide to partner to help fund additional businesses through this program as well. To be eligible you must complete the application here.
- Full guidelines and eligibility requirements
- Applications Closed 7/17/2020.
- Press Release – Scott County Community Development Agency Announces Small Business Recovery Fund
If you have questions related to the application, please send them to ScottCo@nextstagemn.org