Woodstock city officials announced a plan to give financial relief to small businesses by waiving 2021 business license fees and a $30 administrative fee for firms with gross revenues of $1 million or less.
An exception to the maximum will be given to Woodstock's seven hotels "because of the major impact these businesses have on tourism and economic development and due to the significant impact they experienced as a result of the COVID-19 pandemic," according to a city announcement. "The annual regulatory fee of $250 for hotels will also be waived."
Restaurants will be provided a $750 renewal discount to the 63 on-premise alcohol consumption licenses, and many also will qualify for relief on their business licenses, officials said.
The city estimated more than 60% of its businesses will have their business license fees waived, and average assistance of $869 will be provided to each hotel. The City Council will be asked to approve the relief, expected to cost the city $162,392 in 2021, at its July 13 meeting. Information: https://bit.ly/2MRYfDL
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