COVID-19 Iowa Small Business Relief Program

posted in City of Waverly on March 23, 2020

Attention Small Businesses:

Governor Reynolds Announces COVID-19 Iowa Small Business Relief Program

March 23, 2020 (DES MOINES) – Governor Reynolds today announced the launch of a new Iowa Small Business Relief Program that will provide financial assistance to small businesses that have been economically impacted by the COVID-19 pandemic. The program offers eligible small businesses grants ranging from $5,000-$25,000 in addition to offering Iowa businesses a deferral of sales and use or withholding taxes due and waiver of penalty and interest.

Iowa Small Business Relief Program Grant:

To be eligible for a small business relief grant, eligible businesses must:

• Be experiencing business disruption due to the COVID-19 pandemic
• Have employed between 2-25 people prior to March 17, 2020

The Small Business Relief Grants will assist eligible businesses in maintaining operations or reopening business following the COVID-19 pandemic. The funds may not be used to pay debts incurred prior to March 17, 2020.

The Iowa Economic Development Authority will review grant applications for eligibility and will determine the grant amount by the level of impact including loss in sales revenue and employees. Notification of award decisions and disbursement of grant funds will be expedited.

The grant application will be made available on Tuesday, March 24, 2020 at 8:00 a.m. at the following link:  https://www.iowaeconomicdevelopment.com/reliefgrants