Olmsted County Discusses Covid Refief Funds

Olmsted County is working to pinpoint the best way to distribute three-point-one million dollars in state relief funds.

Tonight: areas of fog olmsted county is working to pinpoint the best way to distribute three?

"*point?

"* o million dollars in state relief funds.

Kimt new three's jessica bringe joins us live from downtown rochester with what changes may be in the works to expand funding access to more businesses and non?

"*profits.

Jessica.

Katie this is the third round of funding being handed out to business to keep them afloat during the pandemic but there will likely be changes to reach more businesses in need with these state funds..

Speaking with county administrator heidi welsch ?

"* she tells me the board is discussing using the decrease in revenue this time around versus the loss in profits as a marker for which businesses apply and receive grant funds.

Revenue is the total amount of income generated by the sale of goods and services where as profit is the amount of income that remains after by changing the eligibility criteria from a look at profit loss to revenue loss i hope it's going to allow some businesses that really didn't rise very high in that pool or weren't eligible before to be eligible this time.

The hope is to finalize the details of distribution during the next board meeting on january 19th..

After that businesses should be able to apply for 25?

"* thousand dollar grants.

Thank you jessica.

There will likely be 175?

"* thousand dollr earmarked for non?

"*profits..

The county will have until march 15th to distribute the state