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Posted on: January 15, 2021

COVID-19 Business Assistance Grants Available

COVID Grants

In conjunction with the Small Business Development Center and Advance Southwest Iowa, the City of Council Bluffs has business assistance grants available via Community Development Block Grant COVID-19 (CDBG-CV). The CDBG-CV business assistance provides direct financial assistance to Council Bluffs businesses that have been impacted by the COVID-19 pandemic. 

With CDBG-CV, eligible businesses can receive funding for short-term working capital, rent, utilities, inventory, and payroll. Small businesses can receive assistance ranging from a minimum of $2,000 and a maximum of $10,000. Approximately 35 grants will be awarded. 

Eligible small businesses must operate within Council Bluffs city limits, employ lawful permanent residents, be in operation even if working remotely due to COVID-19, and owner/ employees must meet the HUD income qualifications. Additionally, the small business must provide proof of at least 10% lost revenue due to COVD-19, employ no more than the equivalent of 15 full-time payroll employees, and have no more than $30,000 in the business checking and/or savings accounts.

CDBG-CV is a first-come, first-serve process. Complete applications will be evaluated for eligibility and reviewed every two weeks. To apply for CDBG-CV business assistance, contact Advance Southwest Iowa at (402) 960-8505 or Iowa Western Small Business Development Center at (712) 325-3350.  

Additional information can be found on the City of Council Bluffs website under Community Development COVID-19 Grants (CDBG-CV).

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