UPDATED: Georgetown Chamber of Commerce, Economic Development Department creates $200,000 relief program for small businesses

The applications for aid will be accepted until August 1 or until funds are used, and they will be reviewed and awarded weekly. (Community Impact staff)
The applications for aid will be accepted until August 1 or until funds are used, and they will be reviewed and awarded weekly. (Community Impact staff)

The applications for aid will be accepted until August 1 or until funds are used, and they will be reviewed and awarded weekly. (Community Impact staff)

Updated April 3

City Council approved the program and the application for funds will be available for business owners to fill out the afternoon of April 3, Chamber of Commerce President Jim Johnson said. The applications will be available at www.georgetownchamber.org

Original post April 1

The Georgetown Chamber of Commerce has designated $100,000 for a COVID-19 Small Businesses Resource grant program, and city staff is proposing that the economic development department contribute an additional $100,0000.

The economic development department would contract with the Chamber to administer the funds, with a maximum award of $5,000 per business, staff documents said.



Application information requested will include business ownership, business impact due to COVID-19, personnel counts and reductions, revenue estimates and reductions, use of grant funds and additional sources—such as loans—being sought.

The applications will be accepted until August 1 or until funds are used, and they will be reviewed and awarded weekly. The review committee consists of the chamber president, the chamber executive committee and the economic development director.

Highest priority will be given to businesses with frequent and close contact with customers; larger amounts of employee reduction; and larger business revenue loss, staff documents said.

City Council called a special meeting April 3 at 3 p.m. to vote on the approval of the grant program. Community Impact Newspaper will update this post after action is taken.