Round two allows home-based businesses to apply
McKINNEY, Texas (June 8, 2020) – On June 8, applications will be accepted for round two of the McKinney Strong Grant program to distribute the remaining funds from the original $1 million in unallocated McKinney Community Development Corporation (MCDC) promotional funds, as legislative parameters allow. The second round opens the grant program to eligible home-based businesses.
The City of McKinney partnered with the MCDC to establish the grant program offering up to $1,500 grants to eligible McKinney-based small businesses enduring economic hardships due to COVID-19. During the first round of the program, more than 250 applications were received and more than $335,000 awarded in grants.
“The McKinney Strong Grant program has always been intended to be one supplemental piece of broad long-term recovery efforts and I’m happy to have it expanded to include more eligible businesses,” said Mayor George Fuller. “We’ve got more programs in the works with the goal of providing $6 million in business support.”
The grant program has been expanded to include home-based businesses that have 50 or fewer full-time equivalent employees, are located in McKinney and demonstrate a financial hardship during the COVID-19 pandemic. A one-time payment may be used on eligible expenses incurred from March through June 2020 including utilities (water, gas, electric and trash) and communications (internet and phones). They may receive 50% of eligible business expenses up to $1,000 in funding. Commercial-based small business eligibility requirements remain unchanged and non-profits will not be accepted in this round.
“We’ve listened to our community and have updated the grant program to address more businesses experiencing hardships,” said Jackie Brewer, MCDC Chairman. “Expanding the program is an important step to make sure these funds reach those who need it most and keep the lights on.”
Applications will be accepted online for 10 days starting June 8. For eligibility and information on how to apply for the McKinney Strong Grant, visit www.mckinneytexas.org/RecoveryGrant.