Eau Claire (WQOW) – Area companies affected by COVID-19 have the chance to make an application for financial relief as a result of its CARES Act.
The town of Eau Claire and the West Central Wisconsin Regional Planning Commission employed for the EDA CARES Act Recovery Assistance Grant.
And today, the Economic Development Administration doled out $509,000 into the city’s Revolving loan Fund and $550,000 into the Regional Planning Commission.
Eau Claire Economic Development Manager, Aaron White, stated these loans are zero attention with deferred payment accessible and noticed some company owners desire to utilize the money to modify their company model.
“They wish to bring an e-commerce or internet shopping element in order that they’re making adjustments to their site. For businesses which are now perhaps doing curbside support or whatnot, they may be considering changing their point of revenue, so they may be seeking to buy some gear that allows them swipe a card in the curb while they are delivering food beyond the store rather than having to have people run back and on to the register,” explained White.
The city is currently finalizing details about the application procedure, and White said more information will be shared in the coming months.
The capital can function Eau Claire, Barron, Chippewa, Clark, Dunn, Polk and Saint Croix Counties.