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Since March the EDC has established a handful of grant or loan programs focused on providing financial relief to businesses in the county hit hard by economic impacts tied to the virus outbreak. The programs include the CARES Pandemic Relief Program, Immigrant Business Disaster Relief with funding from the Southwest Initiative Fund, Child Care Business Assistance and the COVID-19 Business Assistance Loan Program. CARES is the federal Coronavirus Aid, Relief and Economic Security Act that provided funds to local units of government, individuals and businesses. The largest local program by far is the CARES Pandemic Relief Program, funded through monies given to counties, cities and townships from the federal CARES Act. Kandiyohi County allocated $1.3 million to the program and the city of Willmar added another $1 million. The cities of Kandiyohi, Pennock, New London and Spicer and the townships of Dovre, Harrison, Lake Andrew, New London and Willmar also participated, bringing the entire total to $2,475,042. “There has been a lot of activity related to that,” said Aaron Backman, EDC executive director, during Thursday’s meeting of the EDC Operations Board.
Since the program launched in late July, the EDC has received 164 applications from businesses and nonprofits located in Kandiyohi County. Of the …
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