The Otter Tail County Community Development Agency board of directors recently dedicated $200,000 to establish a Small Business Relief Fund to direct recovery aid to small businesses, according to a news release.
Through this fund small businesses
- outside of the city limits of Fergus Falls and Perham,
- employing fewer than 25 people
- and with annual revenue less than $1,000,000
may be eligible for $2,000 of funding to offset the impact of the COVID-19 pandemic. The funds can be used for expenses like rent, mortgage, taxes and utilities, according to the release. The funding will be structured as a forgivable loan, with the loan forgiven once proof of eligible expenditures is submitted.
Perham-area businesses received assistance through the Starfish Fund, which provided over $100,000 in support to area businesses.
Additionally, Otter Tail County and Otter Tail Lakes Country Association have partnered to ensure all businesses and organizations have the necessary supplies and personal protective equipment (PPE) as they reopen. Hand sanitizer, face masks, gloves, and contact-less thermometers are available through ottertaillakescountry.com.
For more information or an application for the Otter Tail County Small Business Relief Fund, visit ottertailcountymn.us/small-business-relief-fund. or contact Amy Baldwin at email@example.com or 218-998-8050.