City manager proposes adding $5M to Oklahoma City’s small business relief fund

City manager proposes adding $5M to Oklahoma City’s small business relief fund

City manager proposes adding $5M to Oklahoma City’s small business relief fund
Reading Time: < 1 minute(Last Updated On: May 25, 2020)

The Small Business Continuity Program enacted by the City of Oklahoma City has closed applications, stating that if there’s any money left over they’ll begin accepting applications again.

Instead of waiting for leftovers, the City Manager Craig Freeman is proposing an additional $5 million to inject into the program. Freeman will present his proposal to the city council on Tuesday May 26.

The added funds would provide small businesses as well as nonprofit organizations obtain grants and loans to survive the economic crisis brought on by coronavirus shutdowns.

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