Minority- and women-owned businesses will be given a preference for the loans and grants.
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Metro Government on Tuesday issued a "Request for Proposals." It says there is $100,000 available to an organization — or organizations — to set up a business incubator.
Already, the fund has raised around $17 million and helped businesses around the country.
Louisville Forward has already awarded $27 million to more than 800 businesses with money from the CARES Act.
The Opportunity Corner will serve as resource center for small businesses, offering office space, free Wi-Fi, copiers and other tools.
The Louisville-based company will send crews down to help with Hurricane Laura recovery efforts.
Through the program, businesses can receive grants ranging from $1,500 to $50,000.
Evictions have been ordered to stop during the outbreak, but that's no guarantee small businesses can remain open after the shutdown ends.