- December 16, 2021
- Posted by: Stratford Team
- Category: Business
Standard-Examiner file photo
The Ogden City Municipal building is pictured in this undated photo.
OGDEN — Businesses hit by the lingering effects of the COVID-19 pandemic have a new source of funding to tap for help.
Sara Stoffers of the Ogden Business Information Center says possible uses may be boosting workers’ wages and helping eligible businesses deal with rising costs of inputs brought on by inflation.
The Ogden City Council on Tuesday approved formation of the Business Recovery Fund, creating a pool of money — $757,683 — that certain businesses will be able to tap for help in the form of loans, possibly forgivable loans in some circumstances.
“This is another tranche of money and it’s a brand new program,” said Stoffers, who manages the Ogden Business Information Center, the city entity that operates a number of loan…
