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  • Rio Nuevo awards 105 small businesses with relief funds

    Apr 27, 2020 | Read More News
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    The Rio Nuevo District Board awarded 105 eligible business with COVID-19 relief funding within the District boundaries, it announced Monday.

    The TIF District’s Economic Relief Assistance Program opened April 10 and closed Friday, receiving more than 130 applications. Grants ranged from $5,000 to $50,000 based on the business’s revenue and tax generated.

    The Rio Nuevo Board said “well over” $1 million was distributed, using non-tax dollars, to help with payroll, rent and utilities.

    The first round of funding excluded service-related businesses, although the Board will consider those requests on Tuesday.

    For more information, go to the RioNuevo.org website.