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2.) Work with our EDA attorney to modify the program language and remove the CARES language and allow <br /> maximum flexibility in the businesses eligible for assistance, knowing that these expenditures may or may not be <br /> reimbursable through the CARES Act. <br /> Financial Impact <br /> N/A <br /> Mission/Policy/Goal <br /> The City of Elk River Economic Development Authority (EDA) has developed the small business emergency <br /> assistance microloan program to provide financial assistance to locally owned and operated businesses adversely <br /> impacted by the COVID-19 pandemic. <br /> Attachments <br /> ■ Small Business Programs Summary <br /> ■ COVID-19 Small Business Emergency Microloan Program <br />