Crowdfunding Campaign Aims to Grant Relief to Henry County Small Businesses; New Castle Main Street Begins Campaign to Raise $80,000.
New Castle Main Street is seeking crowdfunding to provide COVID-19 emergency financial relief for small businesses (under 30 employees) in Henry County. This program will provide up to $2,000 per grant to small businesses that have been impacted by the COVID-19 pandemic. Funding will come from several sources, including private and public donations.
Last week, the Henry County Council agreed to reallocate $42,000 to the grant program from the County’s Food and Beverage grant program. The money was originally intended for a New Castle Main Street project that had been delayed.
“Our board decided to ask the County Council to reallocate the money where we thought it could be used best at this time,” said Carrie Barrett, executive director of New Castle Main Street. “Henry County is where LOVE was born. However, we’re more than the birthplace of the man who created the iconic LOVE Statue. Helping and loving our friends and neighbors in times of need is part of the fabric of our community. This unique funding opportunity provides a way for folks to show their love and support to our neighbors.”
New Castle Main Street is using Patronicity to help gather even more support for area small businesses, with the goal of raising $80,000. Patronicity is a civic crowdfunding platform that brings together local citizens and sponsors to support great initiatives in communities.
A new report published by Main Street America, founded by the National Trust for Historic Preservation, reveals that nearly 7.5 million small businesses across the country are in danger of closing over the next five months as a result of the Covid-19 crisis. Of the small businesses that participated in the survey in Henry County, Indiana, 50 percent indicated that their businesses are at risk of closing permanently in the next five months. Sixty-six percent were worried about paying this month’s rent/mortgage and 33 percent were concerned about acquiring inventory and supplies. New Castle Main Street and Indiana’s Office of Community and Rural Affairs encouraged local businesses to participate in the survey.
“We remain deeply concerned that many of our small businesses are the most vulnerable to revenue disruption caused by the pandemic,” says Bill Upchurch, President of the Board of New Castle Main Street. “As a community, we must ensure there are funds to support all small businesses in need, particularly those with under 30 employees.”
Donations to the fund will help businesses, pay rent, mortgage and/or utilities and adapt services that will allow them to function during quarantine. This campaign’s strength is that it can adapt as other needs come to light.
To donate to the Henry County Business Resiliency Fund, visit https://www.patronicity.com/project/business_resiliency_fund#!/ or send a check to New Castle Main Street, 227 N. Main Street, New Castle, IN 47362. New Castle Main Street is a 501c3 non-profit and all donations are tax deductible.