Wednesday is the grant application deadline for funding to help Arkansas service and hospitality industries.
In mid-October, the Arkansas Department of Parks, Heritage and Tourism (ADPHT), the Arkansas Economic Development Commission (AEDC), and the Arkansas Department of Finance and Administration (DFA) received approval to proceed with a grant program utilizing $50 million in CARES Act funds for Arkansas businesses in industries significantly impacted by the COVID-19 public health emergency.
The Arkansas Legislative Council approved a business interruption grant for certain Arkansas businesses in the personal care, tourism, travel, recreation and hospitality industries. The grant will provide reimbursement for a portion of specific eligible expenses incurred by businesses in these industries between March 1 and Sept. 30, 2020.
Grants will be awarded on a prorated basis depending on the total number of applicants and the amount of reimbursement requested. The program anticipates making grant awards in late December.
At the time of the funding approval, Gov. Asa Hutchinson said, “In my visits with business owners over the past several months, I’ve been impressed with the measures they have taken to protect customers and employees, and to adapt business models that have kept them viable during this pandemic. The grant will help businesses that were disrupted by the precautions necessary to mitigate the spread of COVID-19.”
Arkansas small businesses having 250, or fewer, full-time employees located in the state may seek reimbursement for expenses associated with COVID-19 mitigation or certain listed business interruption expenses due directly to local, state or federal government COVID-19 directives. Details regarding the grant rules can be accessed here.
Information will be regularly posted to ArkansasReady.com about the grant, the application period, training and a helpline.