State retools grants program, hoping to aid more hospitality businesses | #ESC_LLC #Grants #Hospitality #Business | llocating $240 million in coronavirus relief to businesses turned out to be an exact science. Rep. Charlie Kimbell, ranking member of the Legislature’s House Committee on Commerce and Economic Development, found that out firsthand. () https://wp.me/p97JNV-1iS
Kimbell, who this summer sold his outdoor clothing store, ended up returning his own $50,000 grant to the state because he didn’t need it.
“Businesses I was talking to in the Legislature were saying, ‘We don’t have enough money,’ and I was like, ‘You’re right, someone else needs this more than we do,’” said Kimbell, D-Woodstock. After assessing the economic damage the store had suffered in the spring, he determined his losses didn’t meet the guidelines for the grant program he had helped create. Also, “we had a PPP loan, so we were all set,” he said of the federal Paycheck Protection Program.
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