Madison, IN Sunny intervals 34°
Listen Live

City of Madison Announces Second Round of Small Business Rescue Grants

Wednesday, November 25th, 2020 11:26am

By City of Madison, news release

Applications will be accepted up to the end of the business day on December 4th. 

(Madison, Ind.) - The City of Madison is excited to announce the start of the second round of our "Small Business Rescue Grant Program." Local businesses within the City of Madison corporate limits, struggling from the COVID-19 crisis, are eligible to apply for a grant of $5,000–$10,000 to retain low-to-moderate-income (LMI) jobs. Businesses can utilize this grant for working capital, rent, payroll, and other activities that facilitate the creation or retention of LMI jobs.

Qualifying businesses with 20 or fewer employees must demonstrate that at least 51% of employees are LMI. Other key deciding factors are the ability to demonstrate need based on the direct correlation of business disruption due to COVID-19 and LMI job retention and creation that will be possible with the requested funding.

The Grant Review Committee will comprise the current Revolving Loan Committee, all of whom have extensive experience with small business financial planning. The committee will be tasked with ensuring applicants meet all eligibility requirements of the program. Applications will be accepted up to the end of the business day on December 4th. 

"The initial round was able to assist ten small businesses in our community who are committed to remaining open and helping employees battle through the economic implications from COVID-19. Round Two is being launched because of demonstrated need, available funds, and proof that the impact is long-term. I am grateful to Governor Eric Holcomb, Lt. Governor Susan Crouch, and the team at OCRA for their support. In combination with funding from the City of Madison, this grant will contribute $300,000 toward the Mobilize Madison, Bringing Business Back to Business initiative at a time when it is most needed," said Mayor Bob Courtney.

For a complete list of program guidelines and specific requirements, please contact Economic Development Director Matt Wirth at mwirth@madison-in.gov.

More from Local News

Events

  • Free Covid 19 testing

    FREE COVID-19 TESTING SITE The City of Madison is offering COVID-19 testing at the Senior Center. This site will provide testing for up to 132 individuals per day free of charge without an appointment, symptoms, insurance, or a doctor’s note. Details The testing will be held at the Senior Center located at 208 N. Main St. The site will be open from 8:00 a.m. to 8:00 p.m. Monday through Friday. However, the site will close each day from 12:00 p.m. to 12:30 p.m. and from 4:30 p.m. to 5:00 p.m. to provide staff with meal breaks. The testing site is managed by OptumServe and follows all CDC and State of Indiana COVID-19 guidelines. Therefore, only two individuals will be permitted in the building for testing at a time. While walk-ins are accepted, residents are encouraged to register for testing online. LHI.Care/covidtesting is the preferred method for registering and requesting appointments. It is available 24/7. The Call Center is only available during the test site hours of operation for select residents that do not have internet access. The phone number is 888-634-1116. Appointments are encouraged; patients arriving at the event site without a scheduled appointment will be registered by event staff upon arrival at the facility.

    at Madison Senior Center
  • Story Times To Go

    Throughout all of January Madison and Hanover Libraries First come- First serve Stop by to discover fun take home story times! Each story time is based on a topic like dinosaurs or bears. Choose one book for check out and grab a paper sack of fun activities for you to keep! One story Time To Go per participant. No registration required. Books and crafts subject to change.

    at Hanover Public Library
  • Jefferson County United Way Tax Prep

    Free tax prep is available to qualified Jefferson County residents with an income of $57,000 or below. Call United Way to see if you qualify for this FREE assistance or to set up an appointment at 812-274-0956

    at jefferson county united way

Local News

Jennings County Woman Seriously Injured in Crash on US 50 Near Hayden

US 50 was closed for nearly two hours for crash investigation and clean up.

Gov. Holcomb Extends Indiana's Emergency Order

This order has been extended for another week due to the COVID-19 vaccination rate picking up.

Local Sports

1-18 to 1-20 Basketball Scores, ORVC Standings

Send all sports scores to news@953wiki.com.

IN Basketball Hall Of Fame Remembers Madison's Spence Schnaitter

The leading scorer in the 1950 state finals, he earned numerous all-state honors and was named a 1950 Indiana All-Star.

Local Sports Report 1-16 through 1-17

A congratulations is in order for Madison’s Kelsey Bilz. She won the school’s first-ever state championship in wrestling over the weekend winning the title in the 106-pound weight class on Friday.