Private service companies like spas and tailors have confronted main challenges over the previous two years. However a brand new grant program from American Categorical and Essential Avenue America needs to assist.
And that’s not the one small enterprise grant alternative unveiled this week. Massachusetts launched two packages. And a number of other extra can be found all through the East Coast. Learn on to seek out the most effective small enterprise grant alternatives for your small business.
American Categorical and Essential Avenue America Inclusive Backing
American Categorical and Essential Avenue America have partnered on a $1.65M year-round grant program. Inclusive Backing goals to offer cash and sources to underrepresented small companies in 4 cycles all year long. This system will present $5,000 to 250 small companies, with desire given to underrepresented entrepreneurs, these disproportionately affected by COVID, and people positioned in older or historic business districts. This yr’s second grant cycle is open now via March 1. This spherical focuses on private service-based companies like dry cleaners, magnificence salons, and barbers.
Massachusetts Inclusive Grant Program
The state of Massachusetts launched a brand new spherical of funding for small companies this week. The Inclusive Grant Program targets companies that serve socially and economically deprived markets or traditionally underrepresented teams. This consists of companies owned by minorities, girls, veterans, disabled people, and members of the LGBTQ+ group. This system consists of $50 million, funded by the American Rescue Plan Act. And companies can apply for as much as $75,000 now via April 4.
Massachusetts New Applicant Grant Program
Massachusetts additionally created a brand new grant program to assist companies that haven’t but obtained any pandemic aid funds. The New Applicant Grant program gives $25 million in whole funds, to be distributed in grants of $75,000 or much less. Companies should exhibit financial loss as a result of COVID and don’t have any earlier grants from state packages. The appliance deadline is April 4. ??
Rockland County Small Enterprise Help Grant Program
The Rockland County, New York Small Enterprise Help Grant Program consists of $250,000 in grant funding. For-profit small companies positioned inside Rockland with 25 workers or much less are eligible for grants between $5,000 and $15,000. Grants have to be used to cowl bills like lease and stock incurred after March 3, 2020. Eligible companies can apply on-line or by mail.
Morris County Small Enterprise Grant Program
The Morris County Small Enterprise Grant Program initially launched in February with a $5 million fund. This week, the County Board permitted an additional $5 million to help extra small companies. Eligible native firms can apply for grants of as much as $15,000 to reimburse varied pandemic-related bills incurred on or after March 3, 2021. The town can be internet hosting a city corridor assembly to assist native companies apply.
Newport Information Micro-Enterprise Grant Program
The Newport Information, Virginia Micro-Enterprise Grant Program gives greater than $100,000 to small companies within the Southeast group. The pilot program goals to assist firms with 5 or fewer workers. The town has about $106,000 in funding via HUD’s Group Growth Block Grant Funds and the Division of Housing and Group Growth FY22 Resurgence Grant Funds. Eligible companies can apply for as much as $3,500. Funds shall be distributed on a first-come, first-serve foundation. And functions are anticipated to be obtainable on-line shortly.
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