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CEDC not expected to take additional action on COVID relief funds soon

August 21st, 2020 by WCBC Radio

A total of nine COVID-19 Relief Loan funds have been distributed to small businesses in Cumberland thus far, and it appears the program will be put on the back burner for now.  City officials announced in mid-May that $106,000 would be made available to businesses with under 50 employees that have been negatively impacted by the coronavirus outbreak. The funding is a 0% interest loan with a 6-month grace period before a 36-month payment term begins.  An update on the COVID-19 Relief Loan Program was given by Matt Miller of the Cumberland Economic Development Corporation this week as the CEDC has been  overseeing the relief fund and reviewing applicants…

One Response to “CEDC not expected to take additional action on COVID relief funds soon”

  1. August 21, 2020 at 7:53 am, Ken said:

    “CEDC not expected to take action”- Well there is your headline of the decade! lol

    Reply

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