Rachel Pruitt, Fort Scott’s Economic Director, gave a press release that details loans to local businesses who are struggling financially.
The Kansas Department of Commerce CDBG Program has drastically changed the requirements of the Revolving Loan Fund program, according to information provided by Pruitt.
The City of Fort Scott is encouraging immediate use of the Revolving Loan Fund to support the working capital needs of businesses in Fort Scott, she noted.
The City’s CDBG Revolving Loan Fund has up to $260,000 directed towards small businesses with the highest risk of closing and/or laying off workers as a result of the COVID-19 pandemic.
The purpose of this program is to retain existing jobs.
There is a maximum of up to $10,000 per business to stimulate job retention.
Employers are asked on the following forms to fill out a job certification form for each employee being retained.
To view the details, click below: