Edmonds Beacon - Your Hometown News Source

90 Edmonds businesses get financial support

 
Series: Coronavirus | Story 257

Last updated 8/11/2020 at 6:01pm

In June, the Edmonds City Council voted to use $700,000 of Federal CARES Act money to financially support Edmonds businesses.

The City released an application that invited businesses to apply and laid out scoring criteria that included special consideration for women and minority-owned businesses, equitable distribution around Edmonds, amount of business loss, and whether the businesses previously received grant money.

The application deadline closed two weeks ago, with more than 150 applications.

The City awarded grants to 90 businesses, with most getting $8,000 each.

Other data: 50% lived outside the Bowl, more than 70 were women or minority-owned, and most recipients suffered a 70% or greater loss in business, and many had between one and four employees.

 

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