Duncanville Community and Economic Development Corporation Establishes Temporary COVID-19 Business Retention Assistance Program
Duncanville, Texas – The Duncanville Community and Economic Development Corporation (DCEDC) has established a Temporary COVID-19 Business Retention Assistance Program for small businesses that have been negatively impacted by the pandemic. The DCEDC has agreed to fund $250,000 for the program to assist Duncanville businesses.
The program is offering grants from $1,000 to $10,000 to aid small businesses with fewer than 20 employees enduring economic hardships due to COVID-19. The grants are provided on a reimbursement basis and can be used for normal operating expenses and payroll. Businesses must have been operating in Duncanville by November 14, 2019, in order to apply for assistance.
“Small businesses are the heart of our community, and the Duncanville Community and Economic Development Corporation is pleased to offer this program to help our small businesses recover from the negative effects caused by the pandemic,” said DCEDC President Steve Dial. “The DCEDC’s goal is to help provide small businesses with assistance in addition to the grants offered by the federal government and other organizations to help bridge the revenue gap created while many of them were forced to close.”
“It’s an honor and privilege to announce the establishment of a recovery initiative for our Duncanville small businesses,” said Duncanville Mayor Barry L. Gordon. “The Duncanville Community and Economic Development Corporation board of directors created a means to provide financial assistance to help weather the economic impact of COVID-19. What’s especially important about this program is that the monies available come directly from the city. This means the application process is managed locally. I commend the DCEDC board of directors for their creativity and concern for our small businesses.”
Applications will be accepted from May 12, 2020 – June 1, 2020. Businesses can fill out an application online or print one off and submit it to the Economic Development Department at the Duncanville City Hall located at 203 E. Wheatland Rd., Duncanville, Texas 75116. The DCEDC Board will review the applications and award grants based on the economic impact to the community.
For more information and to apply for the Temporary COVID-19 Business Retention Assistance Program, visit www.DuncanvilleEDC.com or call 972.780.5090.