First round of Small Business Stabilization Program applicants approved

First round of Small Business Stabilization Program applicants approved

MT. VERNON, IL — The Downstate Small Business Stabilization Program saw its first stage of applicants from Mt. Vernon get approved by the City Council at Monday night’s meeting. These grant funds originated from the US Department of Housing and Urban Development’s Community Development Block Grant.

City Manager Mary Ellen Bechtel says the criteria, eligibility and additional requirements are state and federally decided.

This partnership requires the city to submit grant applications on behalf of eligible businesses and, if awarded, the city will then reimburse allowable costs to each benefiting business.

Tony Iriti, Executive Director of the Jefferson County Development Corporation will be accepting the applications from the businesses and working with the city to submit each application.

Soon after Council approval, the applications will be submitted to the Illinois Department of Commerce and Economic Opportunity (DCEO) for review. DCEO estimates that it will take approximately 30 days to review the applications.

Find more information and the grant application via this link.

Concert Calendar

Rick Wakeman

Rick Wakeman

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