Financial relief hope for NP's small business owners

NORTH PLATTE, Neb. The coronavirus pandemic continues to cripple the local economy.

The Quality Growth Committee plans to propose assistance to small business owners. (Source: Jace Barraclough/KNOP)

The North Platte Quality Growth Fund Committee, (City of North Platte Citizen's Review Committee) met Wednesday and officials believe there is hope on the horizon.

The committee held a teleconference to discuss and propose several items of business. Arguably the biggest topic was assistance for small businesses in North Platte.

Business owners would be able to apply for Quality Growth Fund monies because of the COVID-19 Pandemic.

Owners would be allocated up to $2,500 to hire a financial professional, like a lawyer or accountant, to assist them in applying for the Small Business Administration's Economic Disaster Loan.

The committee's Gary Person said it's already gotten great response. He says the application process is complicated and entrepreneurs will need help applying.

"We're going to build a data base that people can access through our website of businesses or local individuals who have stepped forward, offered their assistance that they could be contacted by someone. We've already had two do that just in anticipation in doing that just hearing what we were up to."

Person said the reason for the program is to provide hope to business owners.

The committee also approved a request from the Nebraska Main Street Network Inc., for $4,800 (40%) matching grant to the Certified Local Government grant program. The group wants to host a workshop in North Platte this fall for education on redevelopment and revitalization of underutilized Upper Floors in downtown buildings.

They also approved a request for $75,000 from the North Platte Area Chamber and Development Corp. for a 75 percent leverage match planning grant through the Nebraska Public Power District’s Site Ready Assistance Program. The Chamber says they want to build a Rail Access Park in Lincoln County.

All three proposals will be brought to the City Council on April 1st.