By City of Lynnwood | Press Release
LYNNWOOD, WA, July 24, 2020 — Today the City of Lynnwood announced the award of Lynnwood’s Small Business Relief Grants. Fifty small businesses will receive $10,000 grants. In June, the Lynnwood City Council unanimously approved the allocation of $500,000 of the City’s federal CARES Act funding to be put towards a business relief program to provide economic support to our local small businesses that have been negatively impacted by COVID-19.
“Supporting our local small businesses will be key to our community’s economic resiliency throughout the coronavirus pandemic,” stated Council President Christine Frizzell. “These grants will help retain jobs, help our businesses follow appropriate COVID-19 requirements, and help put them on a course for financial stability through these difficult times.”
Last week, the City notified fifty small businesses that have been selected to receive a $10,000 grant to provide economic relief due to COVID-19. In total, the City received 176 applications requesting funds to support various relief efforts such as retaining employees and payroll, business rent or mortgage payments, addressing temporary COVID-19 related restrictions on business activity, and/or additional technologies to enable alternate service delivery.
Businesses were required to be located inside City Limits and have a current City of Lynnwood business license, have 10 or less employees, and demonstrate at least a 25% decrease in revenues due to COVID-19. Applicants were reviewed and scored based on the listed criteria.
“The City of Lynnwood is committed to supporting our small
business community during these difficult times,” stated Mayor Nicola
Smith. “We value the important role small businesses will play in the
recovery of our local economy.”
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