CHAMBER OF COMMERCE: INFLUX OF CASH FROM CITY WILL BE A HUGE BOON FOR SMALL BUSINESSES
They’re already helped nearly 100 small businesses, but there’s no end in sight.
Tuscaloosa Mayor Walt Maddox has proposed giving $1 million to the relief fund, and the Tuscaloosa City Council is voting on the matter May 12.
The city originally proposed a 90-day hold so they could look at the economic impact of the COVID-19 pandemic, but leaders opted push the vote up because businesses can’t wait.
“We certainly think 90 days is far too long,” said Chamber of Commerce of West Alabama CEO and President Jim Page. “Quite frankly a lot of small businesses can’t afford to wait any longer. They’ve already been without for several weeks, especially if they’ve been closed. So time is of the essence here, and we think a million dollars could go a long way.”
But even a major cash influx won’t solve everything for small businesses, Page said.