Staff from Bloomington's Economic & Sustainable Development Department updated City Council at their Nov. 4 meeting about the status of the Rapid Response Fund loan program.
To date, 62 loans have been granted totaling $1,760,770 using funds from both Food & Beverage Tax revenues and the Bloomington Urban Enterprise Association (BUEA). The loans are intended to help local businesses that are impacted by the COVID-19 pandemic.
Chamber CEO Erin Predmore serves on the city's Economic Stabilization & Recovery Working Group, which oversees the Rapid Response Fund. Mary Morgan, the Chamber's Director of Advocacy & Public Policy, serves on the BUEA board.
Click here to read the staff memo on the Rapid Response Fund update.
Click here to watch a recording of the Nov. 4 presentation to council.
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