Metro West Community Development Organization has been facilitating the financial stability of many small businesses in the Stockyard neighborhood, Clark-Fulton, and Brooklyn Centre in the last few months as a response to the COVID-19 pandemic. The CDC’s Small Business Assistance Program has been able to provide rent and mortgage assistance to small businesses who qualify, with funding provided by Cleveland Development Advisors, an affiliate of the Greater Cleveland Partnership. According to Metro West Director of Economic Development and Marketing Kristyn Zollos, almost 30 local businesses were able to access $1,500 per month for two months’ worth of rent or mortgage payments through the program.
“It doesn’t sound like much, but for businesses, rent and mortgage is one of the larger financial burdens,” Zollos says. “And right now, there’s the additional stress of making sure your business is operating safely and you’re having to buy PPE equipment and all these additional measures… we were just so glad that we were able to provide that for our businesses.”
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