Page 26 - October 2020 Issue_Neat

Accepting COVID-19 continue to struggle. Most of these
businesses are facing the same set of
Small Business challenges: loss of productivity because
Emergency Relief of worker quarantining and self-
isolation, lower than expected revenue,
Grant Applications and additional expenses for personal

protective equipment. The outlook for
By Debbie Bowden, Director, the remainder of 2020 and into 2021
Caroline County Economic is cloudy for many of these business
Development owners.

C a r o line C o un ty E c o n o m ic Through a $2.2 million federal CARES

Development is accepting applications grant, the County can offer some relief to
through November 30, 2020. Grant businesses by reimbursing for expenses

assistance is available for small businesses to help offset cash flow concerns. Th e and June. In August, Caroline County
that experienced economic injury and grant is not available for future expenses, Economic Development surveyed fi rst
disrupted operations due to COVID-19. and it will not pay for expenses that round grant recipients, large employers,
The grant reimburses eligible expenses were reimbursed by other federal economic development advisory board

for County-headquartered businesses programs, such as the Small Business members, and several other businesses.
that prove financial stress due to Administration’s Payroll Protection Most respondents said that operations
COVID-19. Program (PPP). were still below “normal” levels, and that
they are “ok” at the moment, but that

The COVID-19 response continues In the first two rounds of grant awards, any change in status would be harmful.
to impact the small business owners over $967,000 was awarded to small Nearly all the respondents reported that
and employees. While some sectors of businesses. The need for those grant they had not had layoffs in the summer

the economy have seen improvement, funds was evident as businesses came out and that they were at full staffi ng levels.
some community-based businesses of the initial COVID-19 response in May

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