The American Rescue Plan Act continues to be offering funding for small enterprise grants in communities all through the nation. If your organization continues to be struggling from the pandemic, these grants might present a invaluable lifeline. Learn on for present alternatives by means of the ARPA and different applications that assist small companies.
ARPA Grants
Kings County ARPA Grant Program
Kings County, California is making $6 million in federal funds obtainable to native companies. The neighborhood’s Financial Improvement Company will execute this system, which is funded by means of the American Rescue Plan Act. In 2020, the county distributed funds from the federal Coronavirus Support, Aid, and Financial Safety Act (CARES). However they plan to simplify the appliance course of for this program. Particulars are nonetheless being labored out. However companies have to be licensed, in operation since March 15, 2020, and have 100 or fewer workers to qualify. Companies should additionally be capable to show vital monetary loss as a result of pandemic.
Waterford ARPA Grant Program
Waterford, Connecticut is launching a brand new small enterprise grant program funded by means of the American Rescue Plan Act. This system will distribute roughly $230,000, with about $10,000 obtainable for every recipient. The city is at present planning a survey and digital spherical desk to work out the small print of this system. Full eligibility necessities are forthcoming. However for now, the city expects to focus on companies with 30 workers or much less.
Cuyahoga County Small Enterprise STIMulus Grant Program
Cuyahoga County, OHIO is working a brand new $2 million grant program to assist neighborhood companies affected by the pandemic. The Small Enterprise STIMulus Grant Program affords one-time funds of $10,000, $25,000, or $50,000 for companies with 50 full-time equal workers or much less. Award quantities might be based mostly on gross income and enterprise wants.
Different Small Enterprise Grant Packages
Scale-Up Nash County
Nash County, North Carolina is providing a brand new academic assist and grant program for small companies. Scale-Up Nash County is run by means of Nash County Financial Improvement and Nash Neighborhood Faculty’s Small Enterprise Middle. There are ten openings obtainable for the subsequent course, which begins September 14 and runs by means of October 5. Along with the course, recipients additionally obtain a $1,500 grant to assist their operations. August 26 is the deadline to use.
Downriver Riverfront Communities Financial Restoration Implementation Mission
The U.S. Financial Improvement Administration is offering a $1.6 million grant to assist small companies and the economic system within the Downriver space of Michigan. Native communities are additionally pledging $401,514 in funding to this system. The Downriver Riverfront Communities Financial Restoration Implementation Mission goals to assist financial restoration by means of the area, which as soon as relied closely on coal power. This grant comes from the EDA’s $300 million Coal Communities Dedication. Grant funding received’t go on to small companies. However neighborhood organizations plan to make use of funds to redevelop two coal plant websites and set up a brand new small enterprise program to assist the native economic system.
Federal Dwelling Mortgage Financial institution of Chicago Neighborhood First Speed up Grants
The Federal Dwelling Mortgage Financial institution of Chicago is providing two grant and funding applications to assist small enterprise in Illinois and Wisconsin. The brand new Neighborhood First Speed up Grants for Small Enterprise and Neighborhood Small Enterprise Advance applications intention to offer $750,000 in grant funding all through 2022. Every enterprise might obtain as much as $25,000 by means of this system.
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