Salt Lake County is giving away $35 Million for small businesses

Jul 28, 2020, 12:29 PM | Updated: 1:22 pm
Salt lake small...
A worker passes a sign at a restaurant along the River Walk that has reopened in San Antonio, Wednesday, May 13, 2020. Many restaurants and stores that were closed due to the COVID-19 pandemic have reopened with some restrictions. (AP Photo/Eric Gay)
(AP Photo/Eric Gay)

SALT LAKE COUNTY — It’s round two of the Small Business Impact Grant. And there are some changes.

In round one of funding, only companies directly impacted by coronavirus closures — like theaters, event centers and spas — were eligible for the grants.  Plus, they could not have received any other type of relief funding, such as from the Payroll Protection Program (PPP).

So far, only $2.5 million has been awarded of the original $40 million available. Another $2.1 million is awaiting approval. That leaves more than $35 million in grant relief up for grabs.

In a press conference Tuesday, Salt Lake County Mayor Jenny Wilson and Dina Blaes, Director of Regional Development outlined which businesses qualify for the non-repayment grant for round two.

Now, ANY company with fewer than 100 employees may apply for Small Business Impact Grant.  Including those which received less than $35,000 from other aid sources.

Salt Lake County looks to address economic diversity in the community

Blaes said extending grant opportunities will help with the ripple effect of business closures. “In the case of event centers, there are janitorial companies hired by them, as well as laundry services.  Now those smaller  companies are able to apply for a grant.”

Salt Lake County is teaming with several community organizations, like the Suazo Business Center, to get the word out to minority businesses.  Silvia Castro, Executive Director of Suazo, said the company is “working to help the Latino/Hispanic and other underserved communities get access to the grant monies.” 

Blaes confirmed many minority businesses missed out on round one.  Many of them only have commercial checking accounts and no relationship with the banks issuing PPP loans. Additionally, there’s also language barriers.

“Unlike the PPP and the EIDL (Existing Economic Injury Disaster Loan) programs, we have materials translated in five different languages,” explained Blaes. 

Small businesses can apply for up to $35,000 in grant money.  The average amount requested is currently $17,000. Any businesses which received money in round one, can apply for more money — up to the $35,000 mark, stated Blaes.

There are restrictions as to how the money can be used  

The original $40 million is part of the federal CARES Act allocated to Salt Lake County.  The grant must be used for operational expenses and to cover the costs of coronavirus items, like masks and deep cleaning.

Companies must report how they’ve spent the grant money to the county by November 30, 2020.  If the funds were not spent as intended, businesses will have to pay it back.

Mayor Wilson and Blaes hope to see thousands of grant applications appear with the next few days.  

“Smaller businesses are the lifeblood of our economy.  We need to keep them afloat until COVID is behind us,” said Blaes.

Today’s Top Stories


canada truck blockade COVID...
ROB GILLIES and TOM KRISHER Associated Press

Four-day truck blockade at US-Canada border shuts auto plants

The bumper-to-bumper demonstration entered its fourth day Thursday at the Ambassador Bridge connecting Windsor, Ontario, to Detroit.
5 months ago
Utah's unemployment rate continues to sit lower than national than the national average.
Photo: Nam...
By Paul Wiseman

US unemployment claims at 52-year low

The number of Americans applying for unemployment benefits plunged last week to the lowest level in 52 years.
7 months ago
Money, COVID-19 financial assistance program reportedly a big success. Photo: Pexels...
Paul Nelson

Salt Lake City calls COVID-19 financial assistance program a big success, some housing funds still available

Officials in Salt Lake City say their financial assistance program to help families with during the pandemic was a success. 
7 months ago
FEMA Photo: canva...
Eliza Craig

FEMA adds $8.4 million to Utah’s COVID response fund

FEMA said the funding will go toward personal protective equipment including medical gowns, N95 masks, and gloves.
8 months ago
September Jobs...
Anneken Tappe, CNN Business

Major disappointment: US economy adds only 194,000 jobs in September

US employers added only 194,000 jobs in September, another troubling sign that Covid is disrupting the economy.
9 months ago
Holla Dollars...
Mary Richards

“Holla Dollars” are released in Holladay to support local business

Holla Dollars can be downloaded in ten dollar increments and were made available by money sent to the state for pandemic relief.
9 months ago

Sponsored Articles

Tax Harassment...
Jordan Wilcox

The best strategies for dealing with IRS tax harassment | You have options!

Learn how to deal with IRS tax harassment. This guide will teach you how to stop IRS phone calls and letters, and how to handle an IRS audit.
spend a day at Bear Lake...
Bear Lake Convention and Visitors Bureau

You’ll love spending the day at Bear Lake | How to spend a day at Bear Lake

Bear Lake is a place that needs to be experienced. Spend a day at Bear Lake.
Curb Appeal...
Price's Guaranteed Doors

How to have the best of both worlds for your house | Home security and curb appeal

Protect your home and improve its curb appeal with the latest security solutions like beautiful garage doors and increased security systems.
Prescription opioids can be disposed of during National Prescription Take Back Day...
Know Your Script

Prescription opioid misuse | How to protect your family from the opioid epidemic

Studies have shown that prescription opioid misuse has increased since COVID-19. So what do you need to know about these opioids?
Follow @ikeyospe...

Tax Tuesday: The Most Common Mistakes People Make When Filing Their Taxes

Fortunately, for most average earners, they will not end up owing overpayments received for the Child Tax Credit in 2021.
Follow @ikeyospe...

Tax Tuesday: How will last year’s child tax credits affect you?

Fortunately, for most average earners, they will not end up owing overpayments received for the Child Tax Credit in 2021.
Salt Lake County is giving away $35 Million for small businesses