Mayor Kirk Caldwell has announced an additional $75 million in additional financial support for small businesses affected by the COVID-19 pandemic.
Caldwell said the City and County of Honolulu’s Small Business Relief and Recovery Fund will distribute the money in the form of reimbursement grants, which will not need to be repaid. The size of businesses that qualify for the grants has gone up, and those that have previously applied can return for another round of funding, he added.
“The SBRRF is our primary tool for helping small businesses stay afloat while we work as a community to beat back COVID-19,” Caldwell said. “To better meet the needs of those businesses that are suffering greatly during this pandemic, we are adapting this program with the input of community members.”
More than $50 million in aid has been distributed to over 5,500 small businesses on Oahu. Following an initial $25 million