Over 50 local businesses will be receiving checks in the mail later this week as a result of the Small Business Assistance Grant Program created and approved by the Medford City Council.
The Council committed up to $125,000 in one-time funds to help mitigate the impact of COVID-19 on Medford small businesses and their employees.
Nearly fifteen minutes after the City began accepting applications the number of grant applications exceeded the allotted $125,000 for the program.
“The response we received to the application is a clear indicator that our small businesses are in need of this type of support,” said Ward 2 Councilor, Tim D’Alessandro.
Last Thursday, Council approved the use of marijuana tax revenue to fund this program. On Thursday, May 14, the Council will discuss the use of remaining marijuana tax revenue, including the possibility of allotting more funds to support local businesses.
As we continue to respond to this rapidly evolving situation, the City recognizes the importance of quickly addressing a number of urgent needs and will continue to work closely with our local businesses and service organizations to reduce regulatory barriers and provide access to resources needed during this unprecedented time.