LIHU‘E — The County of Kaua‘i introduced it’s going to present grant funding to roughly 180 Kaua‘i companies that stay on its software waitlist for the Small Enterprise Enhance Grant Program, which initially opened in August.
This system is funded by the county’s share of the federal Coronavirus Assist, Aid, and Financial Safety (CARES) Act.
The $7,500 grants shall be offered to qualifying small companies and nonprofit organizations which have skilled a lack of enterprise or change in enterprise as a result of pandemic.
These companies utilized throughout the preliminary software interval in August. Nonetheless, this system’s $5 million funding was exhausted earlier than their purposes got here up for evaluation. The primary $5 million of the Small Enterprise Enhance Grant funded 650 Kaua‘i small companies.
“The County of Kaua‘i has been decided from the begin to spend each greenback given to us by way of the CARES Act and make sure that funding goes straight into our economic system and into our group,” mentioned Mayor Derek Kawakami.
“Because the yr involves an in depth and our deadline for the CARES Act grant attracts close to, our county companies and grant managers are working meticulously to fulfill our purpose. That’s why we’ve re-prioritized our CARES price range to supply an extra $1.35 million to our small companies by way of this second spherical of the Small Enterprise Enhance Grant Program,” he mentioned.
All 180 candidates on this system’s waitlist are being notified of their $7,500 grants.
The Small Enterprise Enhance Grant Program is run by the next credit score unions: Kaua‘i Authorities Staff FCU, Collect FCU, HawaiiUSA FCU and Kaua‘i Academics FCU.
This program wouldn’t have been potential with out their help, Kawakami mentioned.