Iowa-based Lee Enterprises has launched a local business stimulus program aimed at helping local businesses adapt in an evolving economic environment, says the company.

The company will make up to $5 million available to local businesses through monthly grants ranging from $250 to $15,000. The grants will be awarded in August, September and October of this year.

“This stimulus program follows the highly successful grant program we launched in April of this year,” said Ray Farris, Lee operating vice president and vice president of advertising. “While providing nearly $5 million of much-needed marketing grants to local advertisers, we gained great insight into the challenges our customers are facing. We’ve shaped the business stimulus program to meet those challenges and help local business not only recover, but flourish, in today’s business climate.”

The program will be available to locally owned and operated businesses and will provide matching advertising credits for use in print and digital products as well as the company’s suite of digital services.