Forest Lake allocates $300,000 for COVID-19 business grant
Thursday, September 17, 2020
The city of Forest Lake has designated $300,000 of the city’s $1.5 million allocation of CARES Act funds to be used as a grant program for local businesses and nonprofits.
The priority for funding is designated toward for-profit businesses and self-employed/home-based businesses on a first-come, first-served basis. Nonprofits will be funded after for-profit and self-employed businesses.
For-profit businesses or nonprofits registered as 501(c)(3), 501(c)(6), or 501(c)(19) can apply for the grants. Entities must be established before Jan. 1, 2020, have a physical address in Forest Lake and be able to demonstrate the impact of COVID-19 on revenue.