Screen grab from April 22, 2020 Zoom video conference of Bloomington’s city council meeting.

In a press release issued Wednesday afternoon, the city of Bloomington announced that a total of $550,700 has now been approved in loans to 22 businesses that applied for COVID-19 relief funds.

The city currently has a pool of $2.5 million to draw on for loans to local businesses that have been impacted by the COVID-19 pandemic.

That pool was created through a series of actions by Bloomington’s city council, the food and beverage tax advisory commission and the Bloomington Urban Enterprise Association over the last couple of weeks. Continue reading “Bloomington: $550K in COVID-19 small business relief loans awarded so far using food and beverage tax proceeds, about $250K already distributed” →