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Every Monday at 6:42 a.m. and 8:42 a.m., Rob Gilligan provides information on what's happening in the area of regional development in Southeast Missouri. Rob is the President and CEO of the Cape Chamber. Local support for "Let's Talk Business" is provided by Carved + Crafted Catering. (573) 651-2569

Let's Talk Business: Missouri Unemployment Rate Fell in June

Better Business Bureau

There were several pieces of good news this week at a time when we can really use them.

The unemployment rate for the state of Missouri fell to 7.9% for June. That compares to a national rate of 11.1%. While the county numbers haven’t been released yet, I believe the Cape County and Scott County numbers will both reflect a similar declining pattern. While this is good news, challenges continue everywhere related to the virus.

So, the Missouri Department of Economic Development announced several new initiatives including a Small Business Grant Program with $30 Million dollars available for businesses with less than 50 employees designed to help with costs of interruption caused by required closures and COVID-19 expenses. Our www.reclaimourregion.com website has a link to the application and information.

Ameren Missouri announced a new COVID-19 relief fund to help small businesses with energy costs. They have set aside $500,000 for Missouri customers who meet eligibility requirements.

But wait, there’s more. Cape Girardeau County announced a reimbursement program using CARES Act funding. Applications will be available through the Cape Girardeau Area MAGNET and Cape County businesses can apply to be reimbursed for non-budgeted expenses directly related to COVID-19 actions. Receipts will be required. Look for the roll out of that program and application this week.

I encourage businesses and employees to take advantage of available programs, do what it takes to stay safe, and keep our local economy going.

John Mehner is the former President and CEO of the Cape Chamber.
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