Mayville Officials Looking To Adopt Resources Aimed At Assisting Businesses

(Mayville) The city of Mayville is looking to help local businesses impacted by the coronavirus pandemic. The Finance Committee on Monday discussed offering a 50-percent reduction on Class B liquor license permits for 2020. Mayor Rob Boelk says the reasoning is two-fold: to help area bars and liquor establishments that have been financially burdened during the COVID-19 health crises and because many establishments have not been open in months and there is no specific timeframe on when they will open again. He says it would not make sense to require businesses to pay full rates for their license. The cost of a liquor license under the proposed change would be $237 while a beer license would be $87. City officials also discussed offering a revolving loan fund program for small businesses. Boelk says businesses could apply for loans between $5,000 and $10,000. He says the money can be used on capital, pay roll taxes, mortgages, utility bills and their insurance. The loan would be paid back at a rate of two-percent over a five-year period. Boelk says the goal is to have businesses begin applying by the first of June. Both items will be up for a vote at the next common council meeting.