News Releases

COVID-19 Relief Grants to Local Businesses Announced

FOR IMMEDIATE RELEASE

The City of El Dorado and the El Dorado Chamber of Commerce awarded $149,977 in COVID-19 Relief Grants to twenty local businesses. Twenty-eight businesses applied for $521,880 in grant funds.

“COVID-19 impacted many businesses in our community in ways that were unforeseen several months ago,” says Mayor Bill Young. “By providing assistance the City can help small businesses that are essential to the fabric of our community. Small businesses provide jobs and invest in the community in ways that make El Dorado an awesome place.”

The City authorized up to $150,000 from the City’s Economic Development Sales Tax Fund to provide the COVID Relief Program to small businesses. The one-cent sales tax, approved by voters every five years and most recently reauthorized in 2018, provided the funded source that will help many businesses survive the pandemic.

“The evaluation committee took into account many factors when reviewing requests for funding,” says Chamber Executive Jordan Buxton. “These factors included federal assistance the business had applied for and received, whether the business was closed during COVID, and the business’ community footprint. In other words, it was very important for businesses to have had a track record of investing in the community.”

Businesses must have experienced business distress and revenue loss as a result of the COVID-19 pandemic and be located within the corporate boundaries of El Dorado to be eligible to receive funds.

The relief funds will assist businesses with unexpected expenses arising from the pandemic such as cleaning and sanitation supplies, general supplies or inventory that support business activity, business materials needed to support operational adjustments due to pandemic, and assistance with lease or utility payments.

The City and Chamber are excited to provide this opportunity for local businesses during the COVID-19 pandemic. A committee comprised of representatives from the City and Chamber reviewed grant applications and decided on award amounts. A list of businesses receiving funds and the amount of each grant may be found on the next page.

Grantee Grant Award 

Days Inn and Suites $12,000

Dutton’s Kuttons $3,800

El Dorado Martial Arts $5,000

Family Life Center $1,600

Grizzly Bowl $9,500

H4V Nails & Spa $5,000

H & Co. Salon $5,565

Heritage Inn & Suites $12,000

Kelly’s Etc. $5,000

La Casita $5,000

Numana $5,000

Oz Events $2,512

Red Coach Inn & Suites $12,000

Studio 142 $2,000

Super 8 Hotel $12,000

Sunset Inn $12,000

Walnut River, LLC $10,000

Walter’s Flowers $10,000

Willie’s $15,000

Wilson Chiropractic $5,000

Total Requests $521,880             Total Awards $149,977