Due to the far-reaching economic implications of the COVID-19 pandemic to small businesses, the City of Iowa City awarded $360,400 to 27 small businesses in Iowa City. The City prioritized applications based on the following, in priority order: 1) financial impact of COVID on the business; 2) extent of federal, state or local assistance received or awarded to date; and 3) qualification as a Minority or Women Business Enterprise (majority ownership and control of a business entity by a person of color or a woman).
To be eligible for the funds, the businesses had to be in operation...