McKinney is in the process of distributing $395,000 in $1,500 grants to local businesses who applied for the McKinney Strong COVID-19 Small Business and Nonprofit Grant program.
Applications for the program closed May 10, and Cindy Schneible, of the McKinney Community Development Corporation (MCDC), said at Tuesdayâ€™s City Council work session that 271 applications had been completed.
The grant program seeks to help McKinney small businesses and non-profits overcome economic hurdles created by the coronavirus pandemic, and with more than $600,000 left from the initial $1 million allocated from the MCDC, the city now plans to open up a second round of applications.
Schneible said the hope is that includes some of the 253 businesses or non-profits that started an application but ultimately didnâ€™t complete it, though parameters may be expanded to include businesses with a larger number of employees than the 50 it was capped at the first time around.
The data shows retail outlets were the most frequent to request assistance, with salons second and restaurants third. While there was a concentration of grants in downtown McKinney, officials said they were pleased with the diversity of location across the city of recipients.
During the meeting, the council also voted to agree to terms required to accept CARES funding from the federal government, distributed through Collin County. There are different departments of the federal government from which CARES, or Coronavirus Aid Relief and Economic Security, funding comes.
â€œWe have had a lot of federal funding coming into the city of McKinney, so I know it can be kind of confusing. Thereâ€™s a lot of pots of money being talked about,â€ said Janay Tieken, the cityâ€™s housing and community development manager during a work session.
Of this round of funding, Collin County has distributed $40 million, with $30 million of that going to the four entitlement cities in Collin County: McKinney, Frisco, Allen and Plano on a per capita basis. McKinney will put around $6.9 million toward emergency housing and $10.1 million for items directly related to the coronavirus, like sanitation and PPE purchases.
The council unanimously authorized the city manager to approve an inter-local agreement to receive funding for both reasons.
After District 1 member Laâ€™Shadion Shemwell was beaten to the punch to make the motion to pass the second agreement, he joked that he and the other council members would do whatever it took to make sure McKinney got the money it is allotted.
â€œIâ€™ll drive the city manager and come out of quarantine with my mask and everything,â€ said Shemwell, who attended the meeting by phone, with a laugh. â€œLetâ€™s go get this money and bring it back to our residents. How about that?â€