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Economy

Federal Grant for QC Chamber

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With money from Washington, the Quad Cities Chamber of Commerce will help local businesses recover from the pandemic. The chamber has just received 202,000 dollars from the US Economic Development Administration.

Chief Strategy Officer Kristin Glass says the grant will allow the chamber to continue some of the programs it started last year - to be a one-stop shop for information, and for help finding financial resources like loans and grants.

"We actually re-purposed a position we have internally to be an expert on financial resources for businesses, and so we'll continue to do that work through the grant. We'll also continue to do the news and resources that businesses need to continue to grow."

The federal money will also make possible some new programs, including one focused on attracting and retaining new workers.

"We are launching minority business councils through this grant and that is something new and that allows us to connect and solve issues that are impacting the under-represented businesses in our community."

In addition to the federal grant of 202,000 dollars, the Quad Cities Chamber will spend 350,000 dollars of its own money for its COVID-19 Recovery Strategy.