Wyoming Business Council getting ready for second CARES Act relief program
The Wyoming Business Council is planning to make more CARES Act dollars available to small businesses.
It will be the second of three programs giving grants to small businesses affected by the economic downturn due to the coronavirus pandemic. The programs were created by the Wyoming Legislature during the May special session.
The program, which is called the “Ongoing Relief Fund,” will provide businesses with 100 or fewer employees with up to $300,000.
Wyoming Business Council Strategic Partnerships Director Ron Gullberg said applications should be available around July 13.
Thursday, the first program, “Business Relief Interruption Fund,” closed its application window.
The Wyoming Business Council is using $325 million in CARES Act dollars during the three programs. The first program was originally supposed to only use $50 million but Wyoming Gov. Mark Gordon authorized an additional $50 million for the program due to the volume of requests. More than 4,000 businesses applied.
“It’s very critical to Wyoming’s economy that these businesses keep going. It’s not going to make everybody whole. It’s not the panacea to solve everything but businesses can take this grant funding, staying open… it helps all of Wyoming,” Gullberg said.
He said the Wyoming Business Council is currently setting up application rules for the second program.