States Offer Relief Programs for Small Businesses
States offer relief programs for small businessesOctober 2, 2020
Delaware has announced a grant program of at least $100 million to assist Delaware small businesses and nonprofit organizations affected by the COVID-19 crisis. The program is expected to reach more than 3,000 small businesses and nonprofit organizations with grants of up to $100,000.
Illinois has announced $220 million as a second round of Business Interruption Grants (BIG) to assist small businesses. BIG is designed to provide relief for all types of small businesses, but with a particular focus on businesses downstate, in disproportionately impacted areas (DIAs), and for heavily impacted industry and regions – representing businesses that have been unable to reopen or operating at a severely diminished capacity since the spring.
Kansas is making available more than $130 million in grants to support businesses affected by the pandemic. These grants include Small Business Working Capital Grants; Securing Local Food Systems Grants; PPE Procurement Grants; PPE Manufacturing Grants; COVID-19 Bioscience Product Development Acceleration Grants; Higher Education Advanced Manufacturing & IT Equipment Grants; and Domestic Supply Chain Fortification Grants.
The Louisiana Department of Treasury has announced a Main Street Recovery Grant Program. The program has allocated $275 million dollars in grants for small businesses. Businesses can apply for up to $15,000 to cover eligible expenses. Businesses may be eligible if the business incurred interruption, disruption, unplanned expenses or extraordinary costs associated with the COVID-19 pandemic or the public health measures put in place by state or local government officials. The application deadline is November 4, 2020.
Maine has launched a second phase of the Maine Economic Recovery Grant Program. Phase 2 will make available approximately $95 million in remaining funds from Phase 1 and expand access to the program by increasing the number of eligible businesses and non-profits.
The North Carolina Department of Commerce is offering the Mortgage, Utility and Rent Relief (MURR) Program to assist with fixed costs of certain businesses. Eligible businesses must have been closed between April and July 2020 due to COVID-19. Each location for which relief is sought must have between 1 to 49 employees.
North Dakota has established the Economic Resiliency Grant (ERG) Program for costs associated with improvements to businesses for the purpose of reducing the spread of infection and instilling consumer confidence in the marketplace.
In Virginia, Rebuild VA is expanding its eligibility criteria to allow more small businesses to apply. Businesses that received funding from the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act and supply chain partners of businesses whose normal operations were impacted by the COVID-19 pandemic are now eligible to receive grants of up to $10,000.
Washington, DC Mayor Muriel Bowser announced the investment of $4 million through the new Streatery Winter Ready Grant Program to assist restaurants as they winterize their outdoor dining areas and maintain outdoor dining operations through the colder months.