As Georgetown small businesses continue to suffer financial fallout due to the coronavirus pandemic, the Georgetown Chamber of Commerce and the City of Georgetown have approved funding for the Covid-19 Small Business Resource Grant.
Each entity has committed $100,000 to this grant, which seeks to provide immediate financial relief to Georgetown’s small businesses in amounts up to $5,000. The grant will assist with business expenses, such as rent and employee payroll.
“The coronavirus outbreak has sent us into uncharted territory,” Chamber President & CEO Jim Johnson said. “This grant is a critical step to mitigate the economic impacts of this challenge and help workers and businesses to weather the storm and come out stronger when things return to normal.”
Businesses may visit www.georgetownchamber.org/coronavirus-grant for more information and to learn how to apply for funding.
The Georgetown City Council voted unanimously Friday to approve $100,000 toward the grant at the recommendation of Georgetown Economic Development Corp. The City’s contribution comes from unused promotion funds the State allows Type A corporations to utilize at their discretion.
“The vibrancy of Georgetown is a direct result of the many amazing small businesses in our community that make Georgetown that special place we call home,” Georgetown Mayor Dale Ross said. “That’s why we welcome the opportunity to partner with the Georgetown Chamber of Commerce to administer the COVID-19 Small Business Resource grant. The City is sensitive to the challenges our businesses and residents are experiencing, and we want to provide as much support as we can during this unprecedented time in our City’s history.”
For information about the City’s response to COVID-19, as well as other resources for businesses and community members, visit bit.ly/COVID19GTX.
The Georgetown Chamber of Commerce is an independent 501(c)6 nonprofit organization with a mission to facilitate economic success for our community through advocacy, education and collaboration.