Small Business Grants Polk County – Valley Junction in West Des Moines is a collection of small businesses in the historic downtown area of the former coal town. (Photo by Perry Beeman/Iowa Capital Dispatch)
Local governments and Des Moines-area business organizations have launched a grant program for small businesses recovering from revenue losses caused by COVID-19-related restrictions, the Greater Des Moines Partnership reported.
Small Business Grants Polk County
Grants of $1,000 to $5,000 will be awarded to eligible businesses with up to 30 employees. WE. Grants of up to $10,000 will be awarded to Des Moines with federal help from the Department of Housing and Urban Development.
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“It’s about helping ensure that we not only weather the storm, but that we as a community are putting ourselves in the best position to bounce back,” Dan Houston, Principal Foundation Board Member and Chairman, President and CEO of the Principal Financial Group , said in a statement. “It’s about doing everything we can to keep businesses open, keep people busy, and keep our community strong.”
Cities contributing to the grant include Carlisle, Des Moines, Urbandale, Johnston, Indianola, Norwalk, West Des Moines, Windsor Heights and Clive, Polk County, Principal Foundation, Warren County, Delta Dental, Meredith Corporation and nationwide. Also, Wellmark Blue Cross Blue Shield of Iowa, Wells Fargo Foundation, Farmers Mutual Hale Insurance Company of Iowa, Federal Home Loan Bank of Des Moines, Fidelity & Guaranty Life, IMT Insurance, Bankers Trust, Chemin Industries, NCMIC Group, Veridian Credit Union . , Global Atlantic Financial Group, GuideOne Insurance, Merchants Bonding Company, Ruan Transportation Management Systems and Community Choice Credit Union.
Funding is primarily for businesses in Polk County and Warren County, although businesses in towns that cross county lines will be considered.
Applications will be accepted until midnight on May 20th. They will be reviewed on their merits by the Iowa Center for Economic Success.
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Our stories can be republished online or printed under the Creative Commons CC BY-NC-ND 4.0 license. Please edit for style or shorten only, provide appropriate attribution and link to our website. Please see our repost guidelines for use of photos and graphics. LAKELAND, Fla. — You can usually find Krazy Kombucha owners selling their fermented beverages at Polk County farmers markets.
They will soon set up shop in Lakeland, where they will be able to sell kombucha on tap, thanks to a $10,000 grant from Catapult Lakeland.
“We’re looking to roll out 16 to 20 tap lines because we have over 25 flavors of kombucha,” said Wendy Johnson, owner of Crazy Kombucha.
Last week, the organization awarded a total of $37,500 to five small business owners, including Crazy Kombucha, in a Shark Tank-style competition.
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“Many of these businesses are at a point where they can’t finance themselves and so this small capital investment allows them to buy something their business needs. And it could help them increase staff, increase revenue, reduce the time they spend creating their product or service, so it really gives them the incentive they need,” said Christina Graham, president of Catapult Lakeland.
Entrepreneurs are asked to return 25% of the investment, to be transferred to other emerging entrepreneurs.
“There’s a large group of people who don’t know we’re local, so the Catapult connection is invaluable,” Johnson said.