PARKERSBURG — Some federal funds allotted by the cities of Parkersburg and Vienna to assist companies impacted by the COVID-19 pandemic have been awarded, however balances stay for every program.
Parkersburg Improvement Director Rickie Yeager instructed members of Parkersburg Metropolis Council this week that the Mid-Ohio Valley Regional Council, which is administering town’s Small Enterprise Reduction Fund, has processed 20 functions and funds are being awarded to 13 candidates, with one other pending.
That quantities to $82,688.60 in monetary help from extra Neighborhood Improvement Block Grant funds supplied by way of the C.A.R.E.S. Act handed earlier this yr by Congress.
Council allotted $300,000 to the hassle, so there’s a stability of $217,012.40, Yeager stated. How it is going to be administered going ahead will likely be mentioned by town’s Improvement employees and the MOVRC and a brand new spherical of funding introduced sooner or later, he stated.
Mid-Ohio Valley Regional Council Government Director Carole Jackson stated she was shocked they didn’t obtain sufficient functions within the first spherical to exhaust the cash.
“We anticipated extra of them to use,” she stated.
Vienna Metropolis Council allotted about $63,000 for his or her model of this system, additionally administered by the MOVRC. Jackson stated there have been six functions for these funds, with 4 awarded a complete of $27,850.
Vienna Finance Director Amy Roberts stated companies can proceed to use.
Recipients embody magnificence and barber retailers, medical-related service companies, day cares, eating places and retail shops, Jackson stated. The funds can be utilized for normal bills like payroll, utilities and lease, in addition to the acquisition of protecting gear or to compensate for a rise in the price of provides.
“That hit the eating places,” Jackson stated. “There for some time the meat costs went so excessive.”
Receiving earlier help, just like the Payroll Safety Program, doesn’t make a enterprise ineligible for this funding, Jackson stated.
“Quite a lot of them didn’t suppose they might qualify as a result of they’d already acquired the PPP funds,” she stated.
Roberts stated companies can proceed to use.
Companies inside the metropolis limits of Vienna are eligible for as much as $10,000 if they’ll doc the unmet want and have been in enterprise for not less than one yr since March 1, 2019; had been in good standing with relevant metropolis charges as of Dec. 31, 2019; are a low-to moderate-income enterprise proprietor or a enterprise using or beforehand using not less than 51 p.c low-to-moderate earnings employees; and make use of 25 full time equal low-to moderate-income employees.
Parkersburg had related standards, with $17,500 the utmost quantity of help accessible. It’s unlikely however attainable that a few of these particulars may change within the subsequent spherical of funding, Yeager stated. Town will announce the subsequent spherical as soon as every thing has been finalized.
Evan Bevins could be reached at email@example.com.
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