State officials are launching a four-million dollar “Small Business Relief Program.” It will provide grants of up to 25-thousand dollars for small businesses affected by closures related to the COVID-19 outbreak. Iowa Economic Development Authority director Debi Durham says businesses with between two and 25 employees prior to March 17th are eligible to apply, starting today
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Small businesses that qualify may have deadlines moved for paying state sales taxes. The FEDERAL Small Business Administration is also offering low interest loans of up to two MILLION dollars to affected businesses.