With help from Washington, Davenport hopes to save small businesses hurt by the pandemic. Wednesday it announced the awarding of more than 500,000 dollars in forgivable loans to 28 businesses.
The city's Economic Development Manager, Susanne Knutsen, says the money comes from the federal CARES Act.
"If the single person owner was low to moderate income themselves, and they were the only employee, they could qualify that way. Otherwise 51 per cent of their employees needed to be part of a low to moderate income household."
The 28 businesses receiving help to recover from the pandemic include restaurants, bars, salons, a hotel, bowling alley, yoga studio, and auto shop. And the money can be used to pay mortgages or rent, utilities, wages, and other operating expenses.
Knutsen says applications for a second round of loans will probably be available late next month or in early March.