Nonprofit CARES ACT Funding

Tulsa County Logo. Tulsa County has announced that $30 million in nonprofit CARES Act funding is available.

Tulsa County has announced that $30 million in nonprofit CARES Act funding is being made available to small businesses and nonprofits impacted as a result of the COVID-19 pandemic. Due to the time-sensitive nature of the CARES Act funding which must be used by the end of 2020, the privately and locally raised Tulsa Area COVID-19 Response Fund has placed the application process temporarily on hold. 

The program is titled RESET: The Resources to Empower Small Enterprises for Tomorrow and will provide $25 million in forgivable loans to small businesses and $5 million in grants to nonprofits. Nonprofits are encouraged to apply.  

For TAUW partner agencies to access all eligibility requirements and the Tulsa County application for nonprofit CARES Act funding, please click here: tedcnet.com

Individuals may request assistance by contacting 211 Eastern Oklahoma. Call 211 or visit www.csctulsa.org.

WHAT IS CARES ACT FUNDING?

The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States. The spending primarily includes $300 billion in one-time cash payments to individual people who submit a tax return in America, $260 billion in increased unemployment benefits, the creation of the Paycheck Protection Program that provides forgivable loans to small businesses with an initial $350 billion in funding, $500 billion in loans for corporations, and $339.8 billion to state and local governments.

 

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