Oklahoma City business owners and non-profits with 100 or fewer full-time employees can apply for financial support from the OKC Rescue Program to help recover from the impacts of COVID 19. The program covers business services like marketing, accounting, or business planning; outdoor facade improvements; or COVID-19 mitigation expenses like ventilation and outdoor seating.
To qualify, the business or nonprofit must be located in Oklahoma City and employ 100 or fewer full time equivalent employees. Eligible applicants must demonstrate one of these: (1) economic impact of COVID-19 (2) be a minority-owned business or (3) be located within a Qualified Census Tract (majority low-income neighborhoods) area. Visit okcrescueprogram.com to apply and learn more. The OKC Rescue Program is structured to promote economic equity for minority-owned and economically disadvantaged businesses.
Three Types of Help
The program offers three types of support. First, technical assistance provides services such as marketing, new websites, HR, financial, business planning and engineering and architectural services. Small businesses and nonprofits may apply and this is the only relief program that nonprofits are eligible for.
Second, facade and storefront improvement funds will reimburse minority-owned businesses and those in the Qualified Census Tract up to $25,000 in expenses for general outdoor building repairs like windows, paint or signage. These projects can be completed in the past or planned for the next 12 months.
Third, pandemic mitigation will reimburse minority-owned businesses and those in the Qualified Census Tract up to $25,000 in expenses related to physical adaptations such as new ventilation systems, outdoor seating or plexiglass partitions. These projects can be completed in the past or planned for the next 12 months.
The OKC Rescue Program will distribute approximately $20 million in total relief funds. The Alliance anticipates this first round of relief will distribute $5-10 million. Other relief programs will be rolled out in late 2022 or early 2023.
The OKC Rescue Program is administered by the Alliance for Economic Development for Oklahoma City and is funded by the City of Oklahoma City’s allocation from the federal American Rescue Plan Act.
For details, visit www.okcrescueprogram.com