The Berkeley-Charleston-Dorchester Council of Governments has been awarded $560,000 from the federal coronavirus assist invoice to assist space companies recuperate from losses within the pandemic.
The cash will capitalize the group’s Revolving loan Fund aimed toward stimulating long-term, private-sector funding and employment within the area, based on a information launch. The U.S. Division of Commerce Financial Growth Administration is offering the funding.
Eligible companies in search of help ought to function within the tri-county and be capable to present proof of income loss for the reason that begin of the COVID-19 pandemic. Enterprise homeowners may apply for a one-year, interest-deferred and/or an interest-free loan starting from $10,000 to $100,000.
“This grant award will allow BCDCOG to effectively assist in the private-sector recovery from the COVID-19 pandemic and help create and retain job opportunities in the region,” stated BCDCOG Government Director Ron Mitchum. The cash is a “much-needed lifeline for companies affected by COVID-19.”
BCDCOG employed an administrator to handle and facilitate the loan course of. Melanie Pasheluk will be reached at 843-529-2573 or melaniep@bcdcog.com. To be taught extra in regards to the loan fund or to start the applying course of, go to bcdcog.com/bcdcogcares.
