The American Relief Program Act continues to fund small business grants in communities across the country. If your company is still struggling with the pandemic, these grants could provide a valuable lifeline. Read on for ARPA and other programs supporting small businesses to learn about current opportunities.
ARPA Grants
Kings County ARPA Grants Program
California Kings County, State is providing $6 million in federal funding for local businesses. The community’s economic development corporation will implement the program, which is funded by the American Relief Program Act. In 2020, the county allocated funds from the federal Coronavirus Aid, Relief and Economic Security Act (CARES). But they plan to simplify the application process for the program. Details are still being worked out. But businesses must be licensed, operate as of March 15, 2020, and have 100 or fewer employees to be eligible. Businesses must also be able to demonstrate significant financial losses as a result of the pandemic.
Waterford ARPA Funding Program
Waterford, Connecticut is launching a program funded through the American Rescue Program Act New Small Business Grant Program. The program will distribute approximately $230,000, with each recipient receiving approximately $10,000. The town is currently planning a survey and virtual roundtable to work out the details of the plan. Full eligibility requirements will be forthcoming. But for now, the town is expected to target businesses with 30 or fewer employees.
Cuyahoga County Small Business Stimulus Grant Program
Cuyahoga County of Ohio is launching a new $2 million Grant program to support community businesses suffering from the pandemic. The Small Business Stimulus Grant provides a one-time payment of $10,000, $25,000, or $50,000 to businesses with 50 or fewer full-time employees. Award amounts will be based on total revenue and business needs.
Additional Small Business Grant Program
Expanded Nash County
North Carolina Nash County is offering a new educational support and grant program for small businesses. Expanding Nash County is operated by the Nash County Department of Economic Development and the Small Business Center at Nash Community College. The next course has 10 vacancies, starting September 14th and running until October 5th. In addition to courses, recipients will receive a $1,500 grant to support their operations. August 26 is the deadline for applications.
Downstream Riverfront Community Economic Recovery Implementation Project
U.S. Economic Development Agency provides $1.6 million grant to support Michigan Small businesses and economies in downstream regions. The local community has also pledged $401,514 in funding for the program. The Downstream Riverside Community Economic Recovery Implementation Project aims to support the economic recovery of the region, which was once heavily reliant on coal for energy. The grant comes from EDA’s $300 million Coal Community Commitment. Grant funds will not go directly to small businesses. But community groups plan to use the funds to redevelop two coal-fired power plants and build a new small business program to support the local economy.
Chicago Federal Home Loan Bank Community First Accelerated Grant
Chicago Federal Home Loan Bank is offering two grant and funding programs , to support small businesses in Illinois and Wisconsin. The new Community First Accelerate Grants for Small Business and Community Small Business Advance programs aim to provide $750,000 in grant funding throughout 2022. Through the program, each business can receive up to $25,000.
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