CITY OF URBANA SMALL BUSINESS ASSISTANCE PROGRAM
The City of Urbana is no longer accepting applications for the Small Business Assistance Program.
Urbana received 37 applications for Small Business Assistance totaling over $321,000. The applications were received June 19 through July 16. The budget for this program was $250,000 in CARES Act funding. The grant review team consisted of staff from Human Resources/Finance, the Executive Department, Economic Development and Grants. The team set priorities for funding as follows: Minority and Women Owned businesses (MWB), businesses with a brick and mortar building in Urbana, businesses retaining the greatest number of employees, and for profit businesses. Funding was limited to for profit businesses as there were other local funds available in the community for nonprofit agencies.
After a review of all applications, 28 were recommended for funding of which 16 were minority owned and 7 women owned businesses.