Rep. Danielle Friel Otten June 29, 2020 | 4:19 PM
Applications are expected to be available June 30 for a new program aimed at providing critical funding to local businesses hurt by the coronavirus.
The first round of the $225 million COVID-19 Relief Statewide Small Business Assistance grant program is expected to open for applications on Tuesday, June 30 and will remain open for 10 business days.
Additionally, applications will continue to be accepted after 10 business days to be considered for future rounds of funding. Those rounds will be announced soon.
This program will award grants ranging from $5,000 - $50,000 to small businesses economically impacted by the coronavirus, and money is specifically set aside for businesses owned by socially and economically disadvantaged people.
For an application preparation checklist, criteria for eligibility and consideration, and a full list of participating Community Development Financial Institutions (CDFIs), please click below to go to the COVID-19 Relief Statewide Small Business Assistance website.
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