By K.D. Norris
Kent County and the Grand Rapids Area Chamber of Commerce, on Aug. 18, announced the current status of the Kent County Small Business Recovery Grants fund, a program which intends to use $25 million in federal CARES Act funds to provide grants — not loans — to county small businesses impacted by the COVID-19 pandemic.
During a Zoom press conference, it was announced that the program has received 2,112 applications and 1,318 businesses have qualified for short-term economic relief grants ranging from $5,000 to $20,000. Qualifying businesses are those which have suffered lost business and income due to the COVID-19 pandemic.
In June, the Kent County Board of Commissioners approved a plan to disperse the $25 million CARES Act dollars — a portion of the $94.2 million approved for allocation from the $114.6 the county has received for pandemic relief — to small businesses in the form of grants and technical assistance. The board also selected the Grand Rapids chamber to be the application, review and selection recommendation organization for the small business grants.
To date, 721 grant checks totaling $5.9 million have been mailed to small businesses throughout Kent County, according to information supplied during the Zoom press conference. Another $4.4 million will be distributed to approximately 597 businesses as soon as the required paperwork is complete. So less than half the total $25 million has been distributed or earmarked for distribution.
“Our small businesses are struggling through no fault of their own as a result of the pandemic,” Mandy Bolter, Kent County Board of Commissioner Chair, said in supplied material. “We worked quickly to get aid into their hands to help keep the economy moving and protect the jobs of our friends, families and neighbors. While we have more work to do, I’m thankful for the efforts of my fellow commissioners, business groups, community members, and county staff who successfully implemented the first round of grants.”
According to information compiled and released by the Grand Rapids Chamber of Commerce, overall and using the chamber designations, the list of 1,318 awardees is comprised of 36.6 percent White/Caucasian, 12.9 percent Hispanic/Latino, 21.4 percent African American/Black, 13.3 percent Asian, 1.4 percent Middle Eastern, 8 percent multi-racial, and .2 percent Native American businesses. Additionally, 6.3 percent of applicants did not indicate their racial or ethnic classification.
The fund is designed to support for-profit businesses with 0 to 25 full-time equivalent employees located in Kent County. It is also focused on businesses that have not been able to access to, or have been declined for, other local, state, or federal relief funds, or “need additional support to weather this crisis,” according to the chamber’s website.
“Our team at the Grand Rapids Chamber has worked purposefully to provide assistance to applicants to ensure business owners have a smooth application process,” Dante Villarreal, vice president of business and talent development at the chamber, said in supplied material. “The need for this relief is critical, and we are working to ensure this funding is allocated quickly and efficiently.”
During the Aug. 17 Zoom press conference, Villarreal said there are about 5-6 weeks remaining in program, and that the chamber is now focused on bars and restaurants to reach out to with information. He also said the average award was about $8,000, and that service based industry is largest grant recipients, at about 49 percent.
Villarreal also emphasized that not only is grant funding still available, but qualification verification and application assistance from chamber staff is available as well.
One local small business which has benefited from the grant program, and the assistance of the chamber, is Mod Bettie Portrait Boutique.
“At the beginning, when COVID struck, I had no idea what we were going to do,” Elise Kutt, founder of Mod Bettie, said in a chamber-produced video. “Receiving this grant, for my business, allowed me the ability to take care of business … The unknown is the scariest part, and now I feel so much relief and I am able to put my time and energy back into what I am really good at.”
(WKTV profiled Mod Bettie Portrait Studio early this year in a feature story.)
Villarreal also said chamber staff is available to provide technical assistance, including cost-cutting measures, six-month cashflow projection, analysis with a business consultant, creditor recommendation review, and connections to other critical resources.
A full list of grant recipients is available on the Grand Rapids chamber’s website. For complete application information visit here.
