The COVID-19 pandemic will have long-lasting negative effects on the local economy.  For Marathon’s economy to have a resilient and sustained recovery, the municipality is taking a strong leadership position to support our local businesses. $100,000 has been approved by Town Council to support this program.

The objective of the Marathon fund is to provide a non-repayable contribution (in the form of a forgivable loan) to local, small and medium sized businesses who have been negatively impacted by the COVID-19 pandemic, operating in Marathon. Funding in the amounts between $1,000 and $5,000 will be available through a simple process of verification and an application process. Businesses requesting these funds will be required to complete the necessary application.

A Granting Committee is established which includes: a Member of Council; CAO/Clerk; and Corporate Services Manager. The Municipal Treasurer will serve as Advisor to the Committee. Fund applications will be processed and administered through the Community Services and Economic Development Manager.

Apply Here!

 

Town of Marathon COVID-19 Economic Recovery Fund Information
Business Requirements:
  • Funding is allocated on a first come basis, until funding is no longer available.
  • You must be an operating basis in Marathon with a valid municipal business license.  
  • Your business, although closed for COVID-19, must be active and expected to reopen upon a rescinded Emergency Order from the Province of Ontario.
  • A final report will be required to be completed as part of accepting approved funds.
  • Approval of a basic legal agreement will be required to authorize the release of funds.
  • Must have less than 15 employees [not including owner(s)];
What are the eligible uses of the funding? 
  • Rent or lease for the business location.
  • Business utilities (property taxes are not eligible).
  • Any employee costs (such as payroll).
  • COVID safety-related costs (such as lexan shield installation or signage)
How much funding will be provided? 
Funding amounts of between $1,000 and $5,000 will be awarded on a first come basis and as long as the funds are available. 
Non- Eligible Businesses
The fund will not support organizations whose primary mandate is: social services; religion; alcohol sales; marijuana sales; gaming; or is government-funded in whole or in part.
Who will review and approve applications for the small business loan funds? 
Upon receipt of your application, it will be reviewed by the Granting Committee to determine if it is complete or if additional information is needed. Within 3 days of receipt of your completed application, you will be notified if the application is complete or if additional information is required. All completed applications will then be reviewed by the Committee. 
What are the steps for applying to the fund? 
Step 1: Complete the application process:

 

Complete the funding application as outlined, in full, through the Town of Marathon website "Apply Here" link above.

 

OR

 

Submit the signed funding application to the Community Services and Economic Development Manager via email:

 

spco@marathon.ca

 

Download the printable application here!

 

Step 2: Application review:

 

  • Reviewed by the Community Services and Economic Development Manager to determine if it is complete or if additional information is required.
  • The application will then be forwarded to the Granting Committee for review and determination.
  • Notification within three (3) to seven (7) business days if approved.

 

Step 3: Funds receipt:

 

  • Sign legal agreement to obtain receipt of funds.

 

Step 4: Funding:

 

  • Funds will be distributed directly to applicants by the Town of Marathon.
Loan Application:
The Town of Marathon and the Granting Committee reserves the right to refuse to process or fund any application. 

Should you have questions regarding this loan program, please contact Serena Goodchild, Community Services and Economic Development Manager at 229-1340 or spco@marathon.ca

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