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 useful lifeline. Learn on for present alternatives by the ARPA and different packages that help small companies.
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ARPA Grants
Kings County ARPA Grant Program
Kings County, California is making $6 million in federal funds out there to native companies. The neighborhood’s Financial Growth Company will execute this system, which is funded by 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 applying 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 of 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 the American Rescue Plan Act. This system will distribute roughly $230,000, with about $10,000 out there for every recipient. The city is at the moment planning a survey and digital spherical desk to work out the main points 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 operating a brand new $2 million grant program to help neighborhood companies affected by the pandemic. The Small Enterprise STIMulus Grant Program presents one-time funds of $10,000, $25,000, or $50,000 for companies with 50 full-time equal workers or much less. Award quantities will likely be primarily based on gross income and enterprise wants.
Different Small Enterprise Grant Packages
Scale-Up Nash County
Nash County, North Carolina is providing a brand new instructional help and grant program for small companies. Scale-Up Nash County is run by Nash County Financial Growth and Nash Neighborhood Faculty’s Small Enterprise Heart. There are ten openings out there for the subsequent course, which begins September 14 and runs by October 5. Along with the course, recipients additionally obtain a $1,500 grant to help their operations. August 26 is the deadline to use.
Downriver Riverfront Communities Financial Restoration Implementation Undertaking
The U.S. Financial Growth Administration is offering a $1.6 million grant to help 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 Undertaking goals to help financial restoration by the area, which as soon as relied closely on coal vitality. 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 help the native economic system.
Federal House Mortgage Financial institution of Chicago Neighborhood First Speed up Grants
The Federal House Mortgage Financial institution of Chicago is providing two grant and funding packages to help small enterprise in Illinois and Wisconsin. The brand new Neighborhood First Speed up Grants for Small Enterprise and Neighborhood Small Enterprise Advance packages goal to offer $750,000 in grant funding all through 2022. Every enterprise might obtain as much as $25,000 by this system.
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