Expanded utility bill assistance available for Iowa small businesses impacted by COVID-19
Updated on Aug. 24, 2020, to reflect IEDA’s expansion of the program
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The Iowa Economic Development Authority recently expanded eligibility for its new program to assist small businesses and nonprofits struggling to pay their electric and natural gas bills due to the economic impacts of the COVID-19 pandemic. The COVID-19 Small Business Utility Disruption Prevention Program aims to distribute $14.5 million to provide short-term relief to eligible small businesses in Iowa. Governor Reynolds allocated funding for this program from Iowa’s share of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was passed by Congress and signed into law by President Trump in March.
Applications will be accepted at www.iowabusinessrecovery.com until Oct. 31, 2020, or until funding is depleted, whichever comes first. An eligible business can apply for a grant from $400 to $7,500 to cover four months of utility bills for electric or natural gas service provided between March 17, 2020, and October 15, 2020. The applicant's utility service provider(s) will receive a credit, which will be applied to the applicant's utility account.
Applicants can only apply once prior to August 21, and once after August 21, but the total request for both applications may not exceed four months of utility charges, or $7,500, whichever is less.
The Small Business Utility Disruption Prevention Program is intended to provide short-term relief for Iowa’s small businesses that have been economically impacted by the COVID-19 pandemic. For more information on this program, complete eligibility requirements and answers to frequently asked questions, please go to www.iowabusinessrecovery.com. Please contact one of our Southwest Iowa REC offices, at 888-220-4869 for details regarding your average monthly electric use and payment history.