Inside INdiana Business is reporting that the town of Zionsville is launching programs to help offset the burden of unplanned expenses and lost revenue incurred by businesses due to COVID-19. The town says grant assistance may be requested through Zionsville’s Community Development Corp. or through a loan process managed by the Boone County Economic Development Corp.’s Small Business Economic Relief Fund.
The Boone EDC Small Business Economic Relief Fund offers financial relief and business support to county businesses in the form of loans up to $10,000.
“Less than two weeks ago we announced the Town’s participation in the Boone EDC Small Business Economic Relief Fund, and we already see the positive impact this effort can produce for our Town,” said Mayor Emily Styron. “Adding the grantmaking opportunity through Zionsville’s CDC will infuse TIF resources directly into the Village Business District. Our businesses are the backbone of our community, and we are grateful to have both of these programs in place to help weather this economic storm.”
The town says private, previously existing Boone County businesses that have been established for at least two years and have been impacted by COVID-19 can apply for a loan for any working or non-working capital expenditures.
The town has provided $80,000 to the fund, and to date, one Zionsville business has been approved for a loan.
A business grant is also available from Zionsville’s CDC. The town says the funding option is available to businesses located in the 106th Street Tax Increment Finance District.
You can find more information or apply by clicking here.