Date of release: July 10, 2020
The City of Paducah is thrilled to announce the distribution of the third round of funding from the Small Business Relief Fund. This round will assist 22 small businesses. Each of these small businesses will be receiving a $2000 check.
City Manager Jim Arndt says, “I have lived in Paducah now for two years. One of the most amazing aspects of this community is the generosity of its citizens and businesses.”
“I applaud the Paducah Board of Commissioners for approving $150,000 to start this program with an additional $100,000 for matching funds. So far, the community has raised $72,000 in funds that are being matched dollar for dollar by the City. I encourage this generous community to continue to donate to the program so that we can provide a fourth round of funding. Even though many businesses have been able to reopen on a limited basis, the COVID-19 pandemic has created financial instability that will take quite a while to overcome. This assistance may be what a business needs to keep its doors open.”
Small for-profit businesses, that are not a franchise or franchise-affiliated, with 25 or fewer employees and a brick-and-mortar presence within the Paducah city limits were eligible to apply for the funds in early April. The funds must be used for expenses limited to rent, mortgage, payroll, and utilities with required documentation to prove the expenditures provided to the City of Paducah by September 1, 2020. Including this round of funding, a total of 147 businesses have been assisted. The first round of funding was distributed April 24 with the second round on May 15.
To donate to the Small Business Relief Fund, visit the Community Foundation’s website at https://www.cfwestky.org/, call 270-442-8622, or mail your donation to Community Foundation of West KY, Attention: Small Business Relief Fund, P.O. Box 7, Paducah, KY 42001.
The Small Business Relief Fund is a partnership among the City of Paducah, West Kentucky Community & Technical College, and the Community Foundation of West Kentucky.