Aid available to Fairmont area businesses

Wednesday, September 16, 2020

FAIRMONT — The Fairmont Economic Development Authority this week reviewed three funding sources from the CARES Act.

Local small businesses, non-profits and individuals may apply for appropriate financial assistance in the form of loans or grants from money provided by the federal Coronavirus Aid, Relief and Economic Security Act.

Linsey Preuss, Fairmont economic development coordinator, told the FEDA board that the response to its new CARES revolving loan fund, with a total of $671,000, has been positive.

“We do have five or six applications already. There is interest in the program, which is awesome because we need to get that money out there,” she said.

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