Laserfiche WebLink
<br /> <br />Elk River EDA Strategic Plan | 21 <br /> <br /> <br />The COVID pandemic has had tremendous impacts on many small and <br />local businesses. Some have gone out of business. Others have <br />experienced extreme financial stress that may go on for some time. Cities <br />can play a role in providing support for impacted businesses. <br />The City of Elk River has shown its support for impacted businesses <br />through a Small Business Emergency Microloan Program, and by creating <br />a shop local program—Together Elk River. As the business impacts of the <br />pandemic continue, Elk River will consider additional steps to support its <br />local business community. And as the pandemic subsides the City will look <br />for ways to foster a strong economic recovery. <br />STRATEGIES AND ACTIONS <br />1. Local business support. Continue to identify and evaluate <br />opportunities for extending support to local businesses impacted by <br />pandemic-related economic conditions. <br />o As COVID pandemic impacts on local businesses continue, consider taking <br />additional supportive actions related to providing additional financial relief, <br />increasing the availability of technical assistance, reducing municipal <br />financial or procedural burdens on businesses, and communicating about <br />the availability of assistance from other parties. <br />Goal #4 <br />Support Elk River businesses through the <br />COVID pandemic and take steps to foster a <br />robust economic recovery