Small business owners can seek up to $25,000 from the ‘Cedar Hill Strong Grant/Loan Fund'
- Date Published
- Jun 10, 2020
- Business, Community Involvement, Events, General Info, Travel
The Cedar Hill City Council approved a $500,000 fund establishing a program to support local businesses at their June 9, 2020, regular meeting. The fund includes dollars provided by the CARES Act, distributed to local cities through Dallas County, which will be administered by the Cedar Hill Economic Development Corporation.
“Cedar Hill is excited to pass these funds on to our local businesses who have been feeling the economic pinch during the past three months. We are happy to help them recover some expenses but in the ‘Cedar Hill Way’. We wanted to take it a step further and do something more – something to help them not just survive, but THRIVE,” Mayor Stephen Mason shares following last night’s City Council meeting.
Cedar Hill Strong Grant/Loan funds are accessible through an application process where qualified applicants will be ranked by a point system. Minority and women-owned businesses, as well as business owners who have not received previous government assistance, will be given top priority.
Immediate grants to aid with operational expenses will be awarded to qualified businesses that employ less than 50 people. Additionally, development loans for enhancing business’ image and customer experience are available. The loan program includes an option for businesses to participate in activities that can earn them up to 100 percent loan forgiveness.
“We are working with the Chamber of Commerce to bring resources to our businesses,” states Economic Development Corporation Board President, Michael Lemmon. “These resources will enable local businesses to flourish and grow.”
The application period for the Cedar Hill Strong Grant/Loan Program is June 15 through June 30, 2020. Free informational workshops will be held Thursday, June 11, 2020, through Tuesday, June 16, 2020, at the Cedar Hill Government Center and made available online. See the workshop schedule and more details at www.cedarhilledc.com/letsgrow.
“Our office is ready to work with our local businesses to come out of COVID a stronger, more unified, and connected community,” states Economic Development Director, Kim Buttram.
#CedarHillStrong is a community partnership of the Economic Development Corporation and Chamber of Commerce focused on supporting local business and empowering them to strengthen operations, overcoming coronavirus pandemic constraints while preparing for our next normal and beyond.