Friday, May 14, 2021

Local business owners face financial challenges during the pandemic

RENO, Nev. (KOLO) – 2020 has not been a simple 12 months. After months of being shut down, enterprise homeowners are taking part in a sport of catch up, having to put off many workers. Many enterprise homeowners should not capable of get any monetary assist.

On Monday, October 19, a state 20 million greenback COVID aid program to assist small companies started accepting purposes. The unique deadline was set for Monday, November 2 at 5 pm, however after solely three days and overwhelming response, state leaders mentioned 20 million extra {dollars} had been added to this system, however the deadline was moved to Thursday, October 22 at 5 PM. Eric Howe, co-owner of Time Sq. Jewelers in Reno mentioned that on Thursday at 12:45 within the afternoon, they made an try to use, however had been unsuccessful.

“All of the payments you already know that hire doesn’t cease, we paid all of our workers and every thing throughout these occasions as properly,” mentioned Howe. “It simply looks like a number of the grants and software course of will be higher thought out.”

Howe mentioned he is aware of his enterprise is without doubt one of the many ships stranded in the course of the ocean and slowly sinking. He added that the grant may have been their saving grace.

“It was for hire, for payroll, in your utilities, the large objects like that, but additionally for our  PPE, and in addition the opposite protecting measures like plexiglass,” Howe defined.

Howe together with different small native companies are ready for an additional likelihood to get some aid. He mentioned presently they want all of the assist they’ll get.

“Please exit and sponsor your companies, spend your cash there as an alternative of on-line, trigger should you don’t we won’t be round,” Howe mentioned.

The unfold of COVID-19 is closing many companies in our space, homeowners doing every thing they’ll earlier than it’s too late.

To learn the way the Metropolis of Reno can assist click on here.

Copyright 2020 KOLO. All rights reserved.

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