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computer-generated, randomized selection process. <br /> <br />Awards will be disbursed and administered by qualified local and regionally based <br />nonprofit organizations. Grant funds received by individual businesses shall be used for <br />working capital to support payroll expenses, rent, mortgage payments, utility bills, and <br />other similar expenses that occur or have occurred since March 1, 2020, in the regular <br />course of business. These are grants and no repayment will be required. <br /> <br />Applications for the Small Business Relief Grant Program are now open and will be <br />accepted until 5:00 p.m. on Thursday, July 2. <br />https://mn.gov/deed/business/financing-business/deed-programs/relief/ <br /> <br />Anoka County Regional Economic Development (ACRED) <br />The Marketing subcommittee continues to plan for scheduled events in the fall of 2020, <br />such as the MNCAR Expo, which is a gathering of real estate professionals. <br /> <br />North Metro Real Estate Summit <br />The North Metro Real Estate Summit, produced in conjunction with the Minnesota Real <br />Estate Journal, which was scheduled for September is being converted into a virtual event. <br /> <br /> <br />Business 4 Business <br />Greater MSP, the <br />Minnesota Consortium of <br />Community Developers <br />(MCCD) and Counties are <br />joining together with <br />other partners, like local <br />Chambers of Commerce <br />to develop a program <br />called Business 4 <br />Business. The program <br />will rely on donations from businesses who are successfully navigating the current crisis. <br />Then, small businesses, of less than 20 employees, a non-home based location and less <br />than $1 M in annual revenue will be allowed to apply for grants of $7,500 and/or technical <br />assistance, funded through that pool of money. <br /> <br /> <br />FINANCE <br /> <br />Fund Balance and City Hall Renovation Financing Plan <br />The city council recently discussed the city hall renovation finance plan along with a <br /> The fund balance policy was changed to be <br />more conservative and align with <br />including transfers out (such as to our street fund and capital <br />equipment fund). <br /> <br />COVID-19 Relief Programs <br /> <br />