Iowa Economic Development Authority spokesperson, Kanan Kappleman, says the program will give a boost to fairs.
“The program provides short-term relief to eligible county and district fairs for the purpose of continuing or resuming operations — particularly as it relates to the current pandemic,” Kappleman says.
She says the fairs were impacted the same as other events that had to be shut down. “Most of them were not able to proceed with their regularly scheduled fairs just due to the nature of county fairs and holding public events,” she says. Kappleman says there are three levels of grants based on the economic impact on each fair.
“Depending on the revenue loss for the period of October 1st, 2019 through September 30th, 2020 as compared to the same period for the previous year, we will do an analysis of the revenue loss and they can receive up to $75,000 dollars,” according to Kappelman. “So they will receive either $25,000, $50,000, or $75,000.”
Kappleman says the amount of losses depends on the activities each organization holds. “Some hold just a county fair, while others, of course, have their premiere county fairs, and also have non-fair related events as well,” Kappleman says. Fair managers can see a full list of eligibility requirements at: iowabusinessrecovery.com.
The deadline for applications is November 16th.