OKC Small Business Continuity Program plans disbursementPublished: Monday, May 4, 2020 By: Justin Tinder Source: VeloCity
An aid program to quickly put funding into the hands of Oklahoma small business owners so they may better retain employees during economic instability caused by the COVID-19 pandemic, has reached over 600 since its launch on March 31. The high number of requests for funding and technical assistance through the Oklahoma Small Business Continuity Program exceeded the $5.5 million that was initially available in the program.
The need for and framework of the program was developed in a partnership between the Greater Oklahoma City Chamber, the Alliance for Economic Development of Oklahoma City, and the City. Other private businesses stepped in to help with administration.
“Our intent is to provide support for small, Oklahoma City businesses, so our review process has made sure the funds are reserved for them,” said Cathy O’Connor, president and CEO of the Alliance for Economic Development of Oklahoma City.
Read the full story on VeloCityOKC.com.