COVID-19 SMALL BUSINESS SUPPORT GRANTS CDBG-CV FUNDING
- Written by City of DeSoto City of DeSoto
- Published: 22 May 2020 22 May 2020
DeSoto, TX - The City of DeSoto has received access to funds through the CARES Act that are required to be used to prevent, prepare for, or to respond to job loss and impacts related to Coronavirus (COVID-19) restrictions.
The CARES Act will provide the City with $182,823 in Community Development Block Grant Coronavirus (CDBG-CV) funds from the Department of Housing & Urban Development (HUD) and these funds will be paired with a matching $182,823 contribution from the DeSoto Economic Development Corporation (DEDC). This combined funding will become the basis for the COVID-19 SMALL BUSINESS SUPPORT GRANT PROGRAM.
The City encourages eligible small businesses to apply to participate in this grant program that will make available short-term working capital assistance for the retention of jobs held by low to moderate-income (LMI) employees.*
Applications are available on the City of DeSoto Website at www.desototexas.gov/SmallBusinessGrant an be requested at 972-230-9694. Electronic or hard copies of the completed application must be submitted no later than Friday, June 12, 2020, by 4:00 PM. Because social distancing efforts are in place at all City office locations, delivery of your application can be delayed. Therefore all applicants are encouraged to submit their applications well in advance of the due date. http://www.desototexas.gov/CivicAlerts.aspx?AID=1593