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Richmond council approves grants to help damaged businesses

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Posted at 12:43 PM, Aug 11, 2020
and last updated 2020-08-11 12:43:48-04

RICHMOND, Va. -- The Richmond City Council has approved a $500,000 initiative to help businesses, nonprofits and other commercial properties that were damaged during recent protests.

The Richmond Times-Dispatch reports the council green-lit the Businesses Recovery Grant Program Monday with a 7-2 vote.

A city official says the money comes from repaid loans and interest, and unspent funds from a city program.

The grants will be given to approved applicants to cover repair costs for buildings damaged during the demonstrations against police brutality and racism.

The funds are capped at $10,000. Applications will open on Thursday.