In conjunction with the Small Business Development Center and Advance Southwest Iowa, the City of Council Bluffs has business assistance grants available via Community Development Block Grant COVID-19 (CDBG-CV). The CDBG-CV business assistance provides direct financial assistance to Council Bluffs businesses that have been impacted by the COVID-19 pandemic.
With CDBG-CV, eligible businesses can receive funding for short-term working capital, rent, utilities, inventory, and payroll. Small businesses can receive assistance ranging from a minimum of $2,000 and a maximum of $10,000. Approximately 35 grants will be awarded.
Eligible small businesses must operate within Council Bluffs city limits, employ lawful permanent residents, be in operation even if working remotely due to COVID-19, and owner/ employees must meet the HUD income qualifications. Additionally, the small business must provide proof of at least 10% lost revenue due to COVD-19, employ no more than the equivalent of 15 full-time payroll employees, and have no more than $30,000 in the business checking and/or savings accounts.
CDBG-CV is a first-come, first-serve process. Complete applications will be evaluated for eligibility and reviewed every two weeks. To apply for CDBG-CV business assistance, contact Advance Southwest Iowa at (402) 960-8505 or Iowa Western Small Business Development Center at (712) 325-3350.
Additional information can be found on the City of Council Bluffs website under Community Development COVID-19 Grants (CDBG-CV).
