live: Demonstration on George Floyd death planned for 2 p.m. in Normandeveloping: Curfew limits access to neighborhood around downtown OKC police headquarters

NewsOK: Oklahoma City News, Sports, Weather & Entertainment

Coronavirus in Oklahoma: Oklahoma City Council to vote on small-business relief proposal

This content is being provided for free as a public service to our readers during the coronavirus outbreak. Sign up for our daily or breaking newsletters to stay informed. If local news is important to you, consider becoming a digital subscriber to The Oklahoman.

The Oklahoma City Council will consider a $5.5 million relief package for small businesses hardest hit by interruptions due to the coronavirus crisis.

Funding for COVID-19 business assistance would come from voter-approved economic development bonds.

Included are cash incentives, forgivable loans and assistance in applying for federal small-business relief funds.

Mayor David Holt said businesses hardest hit by coronavirus restrictions on economic activity are making sacrifices that are “literally saving our lives and they deserve more than our thanks.”

The emergency measure will go before the council on Tuesday in a meeting being conducted by teleconference due to the pandemic.

“Even as we work 24/7 to limit the spread of COVID-19, we should also work to address the secondary effects,” Holt said in a written statement.

“We’ll all likely experience economic loss from this, but some will experience far more than others," he said. "Federal and state action is also necessary, but this local proposal is a step in the right direction."

Qualifying businesses would need to demonstrate a loss of at least half their business, year-over-year, since March 16, and that they receive most of their revenue from in-store sales, the city's statement said.

Goals include prioritizing businesses in operation at least a year, with at least 25% of funding directed to low- to moderate-income census tracts.

Details include:

• $1.5 million for cash incentives of up to $10,000 for retained payroll at businesses with fewer than 15 full-time equivalent employees.

• $3 million for 10-year, zero-interest loans up to $50,000, with long-term employee retention factoring into loan forgiveness considerations, and for 10-year, 2% interest loans, $50,000 to $100,000. Businesses must have fewer than 50 full-time equivalent employees to qualify.

• $500,000 for technical assistance, including help in seeking federal Small Business Administration (SBA) loans, building e-commerce business capabilities and navigating legal issues.

Related Photos
Lacie Morgan, left, and her children, fifth-grader Paizley Morgan, 11, sixth-grader Sheckler Morgan, 12, and fourth-grader Journey Morgan hold signs as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]

Lacie Morgan, left, and her children, fifth-grader Paizley Morgan, 11, sixth-grader Sheckler Morgan, 12, and fourth-grader Journey Morgan hold signs as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The...

<figure><img src="//cdn2.newsok.biz/cache/r960-82af2431dede52b444e308239b88017f.jpg" alt="Photo - Lacie Morgan, left, and her children, fifth-grader Paizley Morgan, 11, sixth-grader Sheckler Morgan, 12, and fourth-grader Journey Morgan hold signs as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman] " title="Lacie Morgan, left, and her children, fifth-grader Paizley Morgan, 11, sixth-grader Sheckler Morgan, 12, and fourth-grader Journey Morgan hold signs as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman] "><figcaption>Lacie Morgan, left, and her children, fifth-grader Paizley Morgan, 11, sixth-grader Sheckler Morgan, 12, and fourth-grader Journey Morgan hold signs as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman] </figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-b4a213153291a9a982e9b03d2902ba48.jpg" alt="Photo - Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-50d735cd06a9a4e6f1430a6d88f8aefb.jpg" alt="Photo - Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-b337a06caf464d3d1800f35a8fa6ecb0.jpg" alt="Photo - Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-a47dd92f7b197a7543bfaf149af07d21.jpg" alt="Photo - Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-95a7b4b5fa7f7373030c8d026070a72c.jpg" alt="Photo - Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-5211526f22948b0714e1d2a51c1b838c.jpg" alt="Photo - Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-85b7586be4d800eb6ee68bc054f16cef.jpg" alt="Photo - Oakridge Elementary students first -grader Isaac Madden 6, left, fifth-grader Emma Madden, 11, third-grader Evan Madden, 8, along with their three-year-old brother Hudson Madden hold signs as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Oakridge Elementary students first -grader Isaac Madden 6, left, fifth-grader Emma Madden, 11, third-grader Evan Madden, 8, along with their three-year-old brother Hudson Madden hold signs as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Oakridge Elementary students first -grader Isaac Madden 6, left, fifth-grader Emma Madden, 11, third-grader Evan Madden, 8, along with their three-year-old brother Hudson Madden hold signs as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-93f04a90d4550399c18be715df303f4d.jpg" alt="Photo - Vehicle line up at Oakridge Elementary before starting a faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Vehicle line up at Oakridge Elementary before starting a faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Vehicle line up at Oakridge Elementary before starting a faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-ee355cc3d8701f28e2f423b2c3148a4c.jpg" alt="Photo - Cars are decorated as they wait to start an Oakridge Elementary faculty caravan in neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Cars are decorated as they wait to start an Oakridge Elementary faculty caravan in neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Cars are decorated as they wait to start an Oakridge Elementary faculty caravan in neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-007d247df661b27ea9adc6f060beba98.jpg" alt="Photo - Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-9f39f51696786d2c31091d86a4dace28.jpg" alt="Photo - Michelle Flipski, a kindergarten teacher assistant hands kindergarten teacher Lindsey Scott poster baord to decorate before an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Michelle Flipski, a kindergarten teacher assistant hands kindergarten teacher Lindsey Scott poster baord to decorate before an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Michelle Flipski, a kindergarten teacher assistant hands kindergarten teacher Lindsey Scott poster baord to decorate before an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-23eb9edf2c50e10b27299d32b792ea36.jpg" alt="Photo - Julie Rutledge, a secretary Oakridge Elementary, waits in a car before an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Julie Rutledge, a secretary Oakridge Elementary, waits in a car before an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Julie Rutledge, a secretary Oakridge Elementary, waits in a car before an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-648fad880c25a92b97e2d3ce6f7c446c.jpg" alt="Photo - Michelle Flipski, a kindergarten teacher assistant, gets in her car before starting an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Michelle Flipski, a kindergarten teacher assistant, gets in her car before starting an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Michelle Flipski, a kindergarten teacher assistant, gets in her car before starting an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-eb68d5d07605bb00aa45396f7eb357f2.jpg" alt="Photo - Noah Garvie, 6, an Oakridge Elementary kindergarten student, holds a sign as he waits for an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Noah Garvie, 6, an Oakridge Elementary kindergarten student, holds a sign as he waits for an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Noah Garvie, 6, an Oakridge Elementary kindergarten student, holds a sign as he waits for an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure>
William Crum

OU and Norman High School graduate, formerly worked as a reporter and editor for the Associated Press, the Star Tribune in Minneapolis, and the Norman Transcript. Married, two children, lives in Norman. Read more ›

Comments