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Grants Awarded to Novato Small Businesses Impacted by COVID-19

Post Date:06/11/2020 5:30 PM
On May 1, the City of Novato launched the Novato Small Business Grant Program designed to help retain local jobs, keep storefronts tenanted and support the local economy in light of the COVID-19 pandemic and subsequent shelter in place orders. The program offered eligible small businesses the opportunity to apply for grants in amounts up to $5,000. 

A total of $375,000 in donations from local businesses and residents wanting to support our small business community has been distributed to grant recipients, including $50,000 contributions from the City of Novato and County of Marin respectively. Take-Two, parent company for international videogame publisher 2K located in Novato, was the founding sponsor of the fund with a $200,000 donation. 

The City received a total of 107 applications and the Small Business Relief Fund Selection Committee approved 75 businesses to receive grant funds. All applications received were carefully reviewed for completeness, eligibility and demonstrated economic need. The application period has closed, and at this time, there will not be a second round of applications.

“This has been a difficult time for any small business owner, and this generous grant is much needed relief to keep our bakery advancing through future uncertainties,” said Michelle Mahoney, owner of Teeny Cake and Novato Small Business Relief Fund Grant recipient. “The generosity of our community has been incredible, and we are hopeful that the contributions to our local businesses will help them thrive as we reopen.”

The Novato Small Business Relief Fund, approved by the City Council, was developed and launched in late April in partnership with the City of Novato, Downtown Novato Business Association, Novato Chamber of Commerce, County of Marin, MarinLink and Bank of Marin to help small business owners impacted by COVID-19 stay afloat during this unprecedented time. 

“We would like to thank the City Council, the Small Business Relief Fund Selection Committee, our partner organizations, our wonderful staff and everyone else who stepped up to make this program possible,” said Assistant City Manager Jessica Deakyne. “This was truly a team effort, and we feel so fortunate to be able to support our local small business community with these generous donations.”

Additional information about this program is available at novato.org/bizgrant.
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