Second round of funding now being considered
Round Rock Cares has raised $356,000 and helped 160 small businesses in the 21 days since it was created by community leaders with an initial $100,000.
The community’s generosity has prompted the Greater Round Rock Community Foundation, which is managing Round Rock Cares, to begin considering a second round of funding.
“The collaboration between the City of Round Rock, the Round Rock Chamber, Dell Technologies and the Greater Round Rock Community Foundation has made amazing things happen for so many,” said Nyle Maxwell, Community Foundation Chair. “I also want to give a special thanks to Emerson and RBank who have led the way in our corporate community with $10,000 matches each. And I want to single out Mayor Craig Morgan for exemplifying the kind of leadership you hope you see in your leaders during a time of crisis.”
There are currently 50 businesses on the wait list for potential Round 2 funding, according to the Community Foundation.
More than $1 million in needs have been identified by the businesses applying for assistance.
“While the community outpouring of support has been amazing, there is still a need for more donations,” said Amy Merida, Community Foundation Executive Director. “More businesses need assistance, so we’re asking for those who haven’t given to consider making a donation today.”
Community members and businesses can contribute by visiting roundrockcares.org.
Businesses with 50 full-time equivalent employees or fewer that want to be considered for the next round of funding should send an email to email@example.com with the subject line: RRC Funding Round 2. Please include business name, contact name, business address and contact email address.
Round Rock Cares is a fund designed to support our small business in uncertain times. The founding contributors established the fund to provide financial assistance to locally owned businesses in Round Rock, allocating financial resources as quickly and as directly as possible to help bridge the gap to sustainability and future government funding.