DES MOINES, Iowa. (KMTV) — Amid the ongoing coronavirus spread in Iowa, Governor Kim Reynolds announced a small business relief program that will include grants and potential tax deferrals.
“Small businesses are the source of thriving main streets and community pride across Iowa,” said Gov. Reynolds. “The Small Business Relief Grant Program is another way we can support our small businesses during this unprecedented time.”
To be eligible, businesses will have to meet some criteria:
- Be experiencing business disruption due to the COVID-19 pandemic
- Have employed between 2-25 people prior to March7, 2020
The grants are aimed at helping businesses maintain operations during shutdowns and reopenings following the crisis. The grants cannot be used to pay debts incurred before March 17, 2020. The Iowa Economic Development Authority will determine grant eligibility.
When it comes to taxes, the Iowa Department of Revenue “will review each application as applicable, to determine if it is appropriate to grant a deferral of the eligible taxes and waiver of penalty and interest.”
People who are interested can apply for the relief program here.
You can find all our coronavirus coverage, including community resources for those in need, at https://www.3newsnow.com/news/coronavirus.