PRINCETON — The City of Princeton’s $250,000 COVID-19 recovery grant for small businesses was awarded this week to 26 local businesses, each receiving $9,375.
The funds were awarded through the Indiana Office of Community and Rural Affairs to small businesses with 25 employees or less to allow them to continue operating during the COVID-19 pandemic. The grant priority was for businesses in high risk categories including food and beverage, personal care, professional services and retail sectors.
According to the grant program, businesses also were required to meet the criteria of employing 51% or more low to moderate-income employees.
The grants can be used for working capital, operation expenses and/or to support remote work expenses that are immediate needs. The funds must be spent within a three-month period, according to the program criteria.
Princeton Mayor Greg Wright said more than 44 businesses initially inquired about the program, and ultimately 26 made application and supplied documentation to receive the grants.
Wright notified the businesses of the awards Monday. “It was a pretty neat thing. Some of them had no clue they would receive it, so when we walked in with a check it was like Publisher’s Clearinghouse,” he said. He said one business owner calculated the amount of the grant was nearly the exact amount of revenue lost during the shutdown.
Economic Development Coalition of Southwest Indiana’s Steve Marchand and Debbie Bennett-Stearsman were the grant administrators for the program.
Local businesses receiving the grants are The Goldsmith, Broadway Bistro, Make Your Mark Wright LLC, Tim’s Awesome BBQ Inc., Walker’s Hometown Store, Brett’s Auto Body, Princeton Gymnastics Club, New Image Family Fitness, Esthetics by Moneka, Tykes N Tots Learning Center, Klinkers Hometown Bar & Grill, The Palace City Cafe Inc., Princeton Auto Parke, Little House of Yarn Ltd., In-Tex Signs, Berry’s Produce & Country Market, White Rabbit Cafe, Small Town Living in Gibson County, Attractions Beauty Salon, Susan Bobe’s Pizza, JLJ Styling and Grooming, Finally Kleen Professional Service, Schoogie’s Daughter, Sun Tan Sarah LLC and Cruel Addiction Tattoo.
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