Agenda Date: 04/21/2020
Subject:
Title
Resolution 35-2020: Approving the establishment of the Littleton Business Recovery Grant Program to assist businesses recovering from the effects of the COVID-19 pandemic
Body
Prepared by:
Reid Betzing, City Attorney
PURPOSE:
To create a municipal grant program to assist Littleton businesses recovering from the effects of the COVID-19 pandemic.
PRESENTATIONS:
Staff Presenter(s): Reid Betzing, City Attorney
Mark Relph, City Manager
Denise Stephens, Economic Development Director
Additional Presenter(s): N/A
SUMMARY:
City Council was presented with a proposal on the parameters for the establishment of a Littleton Business Recovery Grant Program to help aid local Littleton businesses struggling with the economic effects of the COVID-19 pandemic and the accompanying restrictions on business normalcy.
PRIOR ACTIONS OR DISCUSSIONS:
On April 14, 2020 city council directed staff to develop a business outreach plan to determine what assistance is needed, what applications have been made for federal assistance and what, if any, funds have been approved or received.
The Economic Development Department sent out a survey on Friday, April 17 to over 1,500 Littleton business contacts asking about their need and desire for a potential business recovery grant. Responses to the survey came in quickly with 173 businesses responding as of Monday, April 20.
Data from initial responses:
* 29 of the respondents were retail only businesses
* 51 were retail and service-based businesses
* 93 were service based businesses
* 163 of the 173 stated a Littleton Business Recovery Grant would help their business when allowed to reopen
* 50 of the businesses had applied for federal business assistance and were approved
* 31 of the businesses approved for federal business assistance (loans, etc.) have state they have received their money
Staff was also directed to provide information on what other cities are doing and provide an outl...
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