Spencer, Iowa (NorthwestIowaNow.com) — Local Businesses in Spencer can apply for the Commercial Business Assistance Grant Program through the Spencer Economic Development Corporation. Starting today, applications will be accepted, and the money is to be used to cover up to 25 percent of certain recovery costs, like replacing equipment, furniture and inventory.

Home-based businesses are eligible for grants starting at $1,000 and commercial businesses can receive grants worth between $2500 and $25000. The grants do not apply to structural damange and costs. Grant applicacations accepted through April 1 or until funds run out, and grants are available on a first-come, first served basis.

You can find the application at the Iowa Lakes Corridor website.