Your Future is Calling
The Granite Falls Economic Development Authority (GFEDA) is teaming up with the Granite Falls Area Community Foundation to launch the COVID-19 Resiliency Program, which is prepared to provide micro-funding to eligible local businesses within the City of Granite Falls who are being impacted by the COVID-19 crisis.
The Community Foundation has pledged that its funds be utilized as a grant. A grant is a forgivable funding tool intended to provide assistance, stimulate the economy, and benefit the public. The GFEDA has pledged to offer a low-interest loan to grant recipients who choose to utilize this financial tool.
Grants and loans may be used to pay fixed debts, payroll or accounts payable, or cover other bills that can’t be paid due to the pandemic.
Eleven grants were awarded in June 2020 thanks to this partnership.
The COVID-19 Resiliency Program, offers small, but favorable, /grants loans and is not intended to fully replace lost revenue or cover all operating costs for the duration of the situation. It is intended to provide some breathing room and/or help businesses invest in measures to adjust operations.
Submitting an application does not guarantee or promise you will be awarded.
Applications may be submitted beginning on Monday, May 4, 2020 and concluding at 11:59 p.m. Saturday, May 16, 2020. Submit to eda@granitefalls.com
Businesses can also apply for a variety of assistance at local, regional and federal levels, including:
All applicants are encouraged to apply for available federal assistance before applying to the COVID-19 Resiliency Program. Every applicant will be assisted to seek federal assistance (if available) but obtaining federal assistance is not a condition to participate in this program. Applicants that are declined, cannot obtain, or those for whom financial assistance may take too long or will not be enough, are still eligible under this program.