Thursday, April 23, 2020

KCMO $500K COVID-19 Stimulus Undelivered

To be fair . . . Wadell & Reed has recently earned $140-MILLION worth of help from local taxpayers . . . So City Hall might not have the cash on hand.

Still, local reports indicate that "it has been almost a month since Kansas City council members approved $500,000 in emergency relief for small businesses hit hard by the novel coronavirus. Mayor Quinton Lucas has touted the program numerous times in recent weeks. But businesses have yet to see any of the money, the City Council learned Thursday."

Checkit:

'Shame On Us' - Kansas City, Missouri, Has Yet To Distribute Any Emergency Small Business Loans During Pandemic

Despite passing a $500,000 emergency relief package for small businesses nearly a month ago, Kansas City has yet to start the process of distributing loans. The Economic Development Corporation, which was selected to distribute the loans, says it was surprised by a contract it received from the city this week that suggested the EDC would have to come up with additional money in order to leverage city dollars for the program.

2 comments:

Anonymous said...

The small businesses in desperate need of financial support should have checked with the tenants group and they would have become aware of the gap between Lucas announcements and pandering and what actually happens.
Kind of like the actual results of the "border war truce".

Anonymous said...

There is not money. The City of Kansas City will be on the brink of bankruptcy within 3 months. The state and the counties have all implemented austerity measures, but not KC MO. There is no money...