COVID & BLM. OKC Funds Small Business Recovery

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October 22, 2020

Utilizing CARES Act Funds, Oklahoma City has created a program that funds minority small businesses.

Why is OKC prioritizing minority owned businesses?

They’ve had a greater economic impact from he pandemic
U.S. Chamber of Commerce warned in August that minority-owned businesses were denied in higher numbers for loans to help survive the pandemic

The Funding program:

$2 million total grants
for businesses with 25 or fewer employees
Offering grants up to $25,000 each

Governing | Oklahoma City Gives More Funds to Minority Small Businesses