City announces economic stimulus plan

Sep 22, 2020Press Releases

The City of Cordova has allocated $1 million of its CARES Act funding to mitigate the financial impacts of COVID-19 on Cordova residents and businesses. Funds will be issued directly to Cordova residents in the form of a CordovaCash card preloaded with funds to be used exclusively at Cordova-based businesses. The funds will directly impact Cordova’s economy through spending at local businesses.

Businesses

  • Complete an application to ensure CordovaCash cards can be used at your business.
  • Make sure your business license is up to date.
  • Your business needs credit card processing capability and accept VISA. If not, consider signing up for Square, PayPal or any system that allows use of VISA cards.
  • Once approved, a representative of the City of Cordova or Cordova Chamber of Commerce will set up a time to swipe an activation card on your credit card processor so you will be ready to accept CordovaCash cards.

Residents

  • Complete the application.
  • Must have a physical address in Cordova and intend to reside in Cordova through the 2020-21 winter season. May need to confirm residency with utility bill, mail, lease or other document.
  • Must indicate how your household has been impacted by COVID-19 health emergency.
  • Once approved, CordovaCash cards will be issued in the following increments: $500 for each applicant and applicant spouse/partner, $300 for each dependent.  Cards will be distributed by mid-November.

Individual and Businesses can apply online at cityofcordova.net/cashcards/ Applications are also available for in-person pickup at City Hall/Cordova Center Mon-Friday from 10-4 and in a folder outside the main doors of the Cordova Center. Questions can be directed to cordovacash@cityofcordova.net or call City Hall at 424-6200 or Cordova Chamber of Commerce at 424-7260.

The deadline to apply is October 16th.