Relief for Small Business Is On The Way

June 25, 2020

Joint Press Release with Center City Development Corporation

The first wave of relief is on its way for local small businesses in the heart of Richmond. Center City Development Corporation in partnership with the City will be distributing the first round of support from the Office of Community and Rural Affairs (OCRA). This program seeks to retain low to moderate income jobs by providing operational capital and support for remote work.

Eight local businesses were selected to receive round one funding. Together, these businesses employee 54 people in the community, positions that are now more secure. The diversity of the grant recipients highlights a strength of our business community. Of the businesses awarded funding, over 60% are women or minority-owned.

Applications for round two support will open up on July 3rd and will be due on July 13th. Recipients will be announced by July 29th. Micro enterprises will be eligible to apply for round two funding. Visit CCDC online for more information and to apply.

OCRA was able to provide this opportunity by redirecting their Community Development Block Grant funds to assist with COVID-19. This was in response to Governor Holcomb’s Executive Order 20-05, which called for additional actions to protect and support Hoosiers across the state.

The City of Richmond, Center City Development Corporation, and the entire community want to extend our deep gratitude to Lt. Governor Suzanne Crouch and OCRA for this funding opportunity to support Richmond’s recovery.

Press Contact
Beth Fields, Director Infrastructure and Development

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