Oklahoma County relief program reports results
The Oklahoma County Small Business and Nonprofit Grants reported preliminary results of its funding, totaling nearly $14.7 million.
The goals of the program were to help businesses and nonprofits in Oklahoma County, but not in Oklahoma City, meet basic expenses and maintain payroll during COVID-19. The program provided grants of up to $100,000 to cover lost revenues and pay for wages for workers, rent, sanitizing equipment, fixtures to aid social distancing and other operational expenses.
Small businesses are some of the hardest hit by COVID-19; they’re also key to our economy. Small businesses provide more than half of the jobs that employ Oklahomans and help to keep more sales tax revenue in the local economy. The program funded businesses and nonprofits with 100 or fewer employees and was launched at an important time for our community. The recovery of our small businesses and nonprofits in Oklahoma County impacts the entire state; commerce doesn’t end at city borders and a thriving economy in one area impacts the entire, interdependent region.