The County of Marin has entered an agreement with a community-based organization to help it distribute nearly $448,000 of federal funds to support Marin small businesses with lower-wage employees that have been adversely affected by the COVID-19 pandemic.
The money will be in the form of grants of no more than $10,000 and interest-free loans of no more than $50,000. In a recommendation by the Marin County Community Development Agency, 53% of the funding will be targeted for businesses in or near San Rafael, 27% to those in or near Novato, and 20% for the rest of the county. Businesses will be selected by a lottery because of the expected high demand for assistance.
MEDA’s webpage for the Marin County Small Business Fund will have more information about how businesses can apply for the program in the coming weeks. Inquiries should be emailed to MEDA.