Watch Now: Tulsa County’s RESET Program Offers Small Companies That A lot-Wanted Rush On Native Enterprise Information
In addition to their employees, companies used CARES funds to pay for utilities, insurance, rents, and salespeople.
“We had a little money from Paycheck Protection Program (PPP) based on our size, but it wasn’t very much,” said Ceesay. “When the end was over, Tulsa County’s RESET program came out and has only got our business going.”
Ceesay received $ 75,000 from RESET in August and $ 31,525 in December, data shows. The money allowed him to expand his workforce from 10 to 16, he said.
“The deep meaning behind this is to make sure that small businesses like us can continue to pay our employees, buy our groceries, and turn on the lights,” said Ceesay. “It gave us the certainty that we can open tomorrow.”
Ten McNellie’s Group restaurants received RESET money, seven received $ 125,000 apiece and three additional $ 75,000, said Jim O’Connor, chief operating officer and partner of McNellie’s Group.
“The Tulsa County RESET has been absolutely critical to our business,” he said. “I am convinced it helped us survive.”
The restaurant group’s revenue declined $ 20 million from March to December 2020, with revenue falling 85% year over year, O’Connor said.
“You cannot prepare for sales reductions of this magnitude,” he said. “TEDC funds have given our restaurants and our employees a lifeline. Ultimately, RESET did its job of filling the void left by the Payroll Protection Program (PPP). “