Small Business Grants
Dakota County and the Dakota County Community Development Agency have been responding to the COVID-19 impact on businesses and have allocated over $23 million in four separate rounds of grant funding.
The Dakota County Board of Commissioners allocated Coronavirus Aid, Relief, and Economic Security (CARES) Act funds to support small businesses that experienced a financial hardship as a result of the COVID-19 pandemic. One-time grants up to $15,000 were awarded to eligible applicants to assist with payroll, rent, mortgage payments, utility bills, and other operational expenses that occurred since March 1, 2020. The total program cost was $11,311,270 including administrative costs for the program. There was a total of 837 grants awarded.
The Dakota County Board of Commissioners allocated additional CARES Act funds for a second round of small business grants. One-time grants up to $15,000 were awarded to eligible applicants. The total program cost was $2,773,159 including administrative costs for the program. There was a total of 244 grants awarded.
The Dakota County Board of Commissioners allocated county funds for a third round of small business grants on Dec. 15, 2020. Bars and restaurants impacted by the Governor’s Executive Orders which resulted in the closing of operations were eligible for grants up to $5,000. As of Feb. 2, 2021, the total program cost was $990,000, including administrative costs for the program and 198 grants.
Dakota County received about $8.3 million in funding from the State of Minnesota to support local businesses and nonprofits impacted by the COVID-19 pandemic. Applications were accepted through Feb. 12, 2021. Eligible applicants will be awarded up to $15,000. Applications are being processed and grants will be awarded by March 15, 2021.
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