The city has provided $1.39 million in funds from the federal relief bill to small businesses this year
The city of Marysville will begin another round of business grants to keep local businesses afloat during the pandemic.
The new grant will provide up to $10,000 to businesses that haven’t already received a grant. These funds are not loans and therefore do not need to be repaid.
Businesses must be located within Marysville city limits, established before Jan. 1, 2020, have a current Marysville business license endorsement, have fewer than 50 full-time employees and experienced loss of sales or other financial hardship because of the COVID-19 pandemic.
The money may be used to pay wages, rent, mortgage, utilities, debt, insurance or supplies.
The grants will be awarded on a first-come, first-serve basis and more information about applying is available at marysvillewa.gov/1135.
Funds for the city’s grant programs so far have come from the federal coronavirus relief bill that was passed in March (the CARES Act).
“We’ve received money from the state and have been sending that out into the community,” said Sandy Langdon, finance director with the city of Marysville. “We have done three rounds of grants with that state CARES money so far.”
The newest round of grants is from about $400,000 that was received by Marysville from Snohomish County and also comes from relief bill funds.
So far 176 businesses have received about $1.39 million in funding from business grants in Marysville.
Langdon said that most small businesses have been appreciative of the help. “They’re amazed. They didn’t think that this would be available to them,” she said.
One Marysville employee “actually delivered a check to one of the business owners who started crying,” said Langdon.
There were some initial challenges in distributing the grants.
“So many businesses thought they would have to pay the money back,” said Langdon, partially because there were some early federal loan programs that would have to be paid back.
“Once we got the word out that this wasn’t the case, we got quite a bit more applications,” said Langdon.
Marysville city staff have been making one-on-one phone calls to help get the word out as well.
City officials have been happy to be able to provide some form of assistance for local small businesses.
“The mayor was getting calls right after the businesses first shut down asking what the city could do to help,” said Langdon.
With the funds from the state and county the city has been able to reach out and help.
“We thought any opportunity to help out the business community would be great,” said Langdon.
She said any business that hasn’t received funds yet and is struggling is encouraged to contact the city.
“Contact us and we will try to find the assistance that can help you,” she said.
Without a second federal coronavirus relief bill grant programs like this could soon end on Dec. 31.
“We don’t know what will happen at the end of the year,” said Langdon. Federal representatives are currently debating what another round of federal funds will look like.