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City Sees Tepid Response to Small Business Relief Fund

May 18th, 2020 by WCBC Radio

Cumberland City officials voted two weeks ago to approve a $106,000 Small Business COVID-19 Relief Fund-  however the initial response from the business community has been tepid at best. The City created the program to assist businesses in the city limits that have been negatively impacted by the coronavirus outbreak. The fund provides 36-month interest-free loans to eligible employers. The loans will include a six-month grace period before the 36-month term for payments commences. Paul Kelly executive director of the Cumberland Economic Development Corporation- which is administering the program- told city officials he was surprised by the luke warm response…

4 Responses to “City Sees Tepid Response to Small Business Relief Fund”

  1. May 18, 2020 at 6:24 am, jim said:

    Address your debt issues by taking on more debt! Interest free or not no thanks.

    Reply

  2. May 18, 2020 at 7:20 am, Ken said:

    Tick another one up for a CEDC failure… And we are to be sad that the Economic Development merger failed (due to the CEDC being greedy9. The county tax payers really dodged a rotten apple with this one.

    Reply

    • May 18, 2020 at 11:19 am, LRH said:

      > Agreed

      Reply

  3. May 19, 2020 at 5:25 am, Mark said:

    Surprised no one wants to deal with those a-holes? lmao

    Reply

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