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State "Ready for Business" grant program applications open on Tuesday

Monday, May 4, 2020   (0 Comments)
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A news release from the Arkansas Department of Commerce:

 

Gov. Asa Hutchinson and the Arkansas Department of Commerce are launching the Arkansas Ready for Business Grant Program to oversee distribution of federal funds coming to state companies through the CARES ACT, the Governor announced at a news conference today. Following an approval from the Governor’s CARES Act Steering Committee, the Arkansas legislature approved $55-million in funding for the program.

 

The grants are intended to help cover COVID-19-related costs of ensuring the health and safety of employees and patrons at Arkansas companies, which may apply for the direct payments through the Arkansas Economic Development Commission (AEDC), a commission within the the Department of Commerce.

 

With approval by the Arkansas legislature, businesses in every industry sector may be eligible for a Ready for Business grant. Of the $55 million, at least 75 percent will be funded to businesses with less than 50 employees and at least 15 percent of the recipients will be minority and women owned businesses.

 

Qualifying businesses may be awarded a grant for expenditures such as Personal Protective Equipment (PPE) and no-contact thermometers for employees and customers; no-contact Point of Sale (POS) payment equipment; cleaning supplies and disinfectants; hand sanitizer stations; restocking necessary supplies and raw materials; expenses associated with reconfiguring business to meet recommended health and safety guidelines, signage, and marketing; and other one-time expenses associated with reopening or resuming normal operations.

 

AEDC will begin accepting Ready for Business Grant applications this Tuesday and Wednesday from 8:00am until 6:00pm.

 

AEDC initially launched the Arkansas Ready For Business grant program last Wednesday with over 2300 applications submitted in one hour. Applicants who successfully applied do not have to reapply.

 

Visit https://www.arkansasedc.com/covid19 to learn information about the grant program guidelines and to apply.

 


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