The Park Rapids Metropolis Council realized Tuesday about an unexpended windfall for native companies affected by the COVID-19 pandemic.
Mary Thompson, government director of the Heartland Lakes Growth Fee, reported that the HLDC discovered roughly $400,000 in CARES Act funding final week that hadn’t been disbursed.
Consequently, she mentioned, 48 companies in Hubbard County will obtain an extra test to exchange income misplaced from March to June as a consequence of COVID-19 that wasn’t funded by earlier rounds of help.
Mayor Ryan Leckner and council member Tom Conway, who characterize town on the county’s COVID-19 Enterprise Help Program committee, hung out simply earlier than the assembly signing a few of these checks.
Thompson mentioned reimbursements to companies, nonprofits and locations of worship totaled greater than $1.8 million. She mentioned she is going to report in January about what the county, cities and townships contributed and the quantity and areas of the companies that obtained help.
She clarified that in earlier rounds of funding, there was a most quantity of funding out there to every enterprise, however that some had losses exceeding that quantity. “So, we went again and checked out these companies that had losses over that most, after which supplied one other sum. A few of them nonetheless aren’t going to get what loss that they had, but it surely’s one thing, and it’s proper earlier than the top of the 12 months. So, we’re hoping that it’s actually, actually helpful for our companies.”
Thompson confirmed that HLDC took a small administration price out of the fund steadiness however the remaining went to the companies. Undisbursed funds had been as a consequence of be returned to the state by Dec. 11, and finally to the federal authorities by the top of the 12 months.
“We had been wrapping up and getting the ultimate report prepared, and the entire locations the place the cash was, and we went, ‘Oh! How are we gonna make it possible for we preserve that right here domestically?” she mentioned.
“It must be a pleasant Christmas current,” Conway quipped, “contemplating they didn’t apply for it and so they don’t realize it’s coming.”