Applications for McKinney's new $5 million grant program to open June 24

McKinney City Council approved a new $5 million grant program during a specially called meeting June 23.

The Tri-City Collin County Small Business Grant Program is a collaboration between Frisco, Allen and McKinney to support small businesses negatively impacted by the COVID-19 pandemic, according to a June 18 McKinney news release. Funding for the grant program is provided by Collin County as part of the CARES Act.

“We hope the Tri-City grant will sustain our county’s economy through this time and set in motion lasting recovery,” Mayor George Fuller said in the news release.

The program will award a maximum grant of $25,000 per business. The application window is set to open at noon June 24 and will remain open until noon July 8, officials said.

To be eligible for the grant, applicants must have fewer than 100 employees, less than $15 million in annual revenue and operate in the incorporated city limits of McKinney, per the news release.

The grant will be awarded based on such factors as need, eligibility and number of employees; loss due to a full and partial shutdown; or being closed during the pandemic. Eligible expenses include rent, utilities, contract labor and payroll, according to the city news release.

The applications can be accessed through “ZoomGrants,” the same platform the city used for the McKinney Strong grant program.

To access the application for the grant and to find out more information, visit this website.