City Council creates relief fund for businesses
Published: September 28, 2004
Richmond businesses still struggling because of damage inflicted by the remnants of Tropical Storm Gaston are now eligible for city grants of up to $10,000 each.
City Council created a $300,000 Gaston relief fund Monday night.
To get the money, businesses must be located in the city’s enterprise zones and meet certain criteria.
They will be able to spend the money on repairing or replacing equipment, removing debris and rehabilitating buildings. Businesses will also be eligible for up to $3,000 to relocate within the city.
The city’s economic-development department will accept grant applications until Oct. 4 at 5 p.m.
Council members also discussed the possibility of creating an additional $2 million relief fund for Shockoe Bottom, which bore the brunt of storm damage.
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