Original Source of the Article
The purpose is to reimburse small businesses for costs incurred from business interruption due to Emergency Proclamations and help small businesses implement safety precautions to prevent the spread of COVID-19. The City and County of Honolulu has been allocated funds under the Coronavirus Relief Fund, with Federal guidance that authorizes application of a portion of these funds for expenses associated with the provision of economic support in connection with the COVID-19 public health emergency.
The fund will be called “Small Businesses Relief and Recovery Fund” or SBRRF, to provide grants to small businesses affected by the COVID-19 public health emergency and provide one-time grants of $10,000 to each qualified business. Beneficiaries of this Relief Fund would include businesses greatly injured by the ongoing COVID-19 public health emergency such as boutiques, food establishments, accommodations, entertainment and recreation establishments, personal care services, auto transportation, retail businesses, and other businesses
The City and County of Honolulu through the Office of Economic Development (OED) will partner with participating local credit unions who will distribute the grant funds.
The partner Credit Unions are:
· Aloha Pacific Federal Credit Union
· Hawaii State Federal Credit Union
· Hawaii USA Federal Credit Union
· Honolulu Federal Credit Union
Read the full press release here.
Guidelines, Application, and other details will be added on this website as they become available. The program will launch on Monday, May 18th.