COVID-19 state business assistance grant funds available through Brown County Economic Development Partners
NEW ULM — Brown County has announced a new business assistance grant program, using funding received from the State of Minnesota Department of Revenue. Brown County has received $483,645 from the state to be distributed to entities which have been adversely impacted by the COVID-19 pandemic. These funds will be administered through Brown County Economic Development Partners, Inc. (BCEDP).
Businesses that are eligible to apply include those operating in Brown County that have been affected by COVID-19 and executive orders. The grant fund will give preference to businesses who have not received federal or state COVID-19 relief disbursements. Businesses that did receive these funds but have not received enough to meet their needs and can demonstrate additional need are encouraged to apply.
Grant amounts awarded will be based on the need demonstrated on the Profit & Loss statement and narrative within the application, and the overall need. Businesses will need to demonstrate a loss of 20% or more in revenue to be eligible.
To apply, businesses will need to provide a completed application and attachments. To access the guidelines and application, visit www.co.brown.mn.us, request documents via email at BCEDPINC@gmail.com, or call the BCEDP Office at (507)794-7992. Applicants must submit a completed application by Feb. 12. Applications received after Feb. 12 may be considered, depending on availability of funds. Grant recipients will be notified by March 15.
BCEDP is a non-profit organization working on behalf of entrepreneurs and business owners in partnership with local development organizations, chambers of commerce, and banks. If you need assistance with starting or expanding your business, please contact the BCEDP Office at (507)794-7992, or email BCEDPINC@gmail.com.