Cambridge Announces New Small Business Relief Grant Program
The City of Cambridge introduced the upcoming spherical of small company aid grants nowadays which will award around $2,000,000 to suitable Cambridge enterprises. Previously this calendar year, the Metropolis available grants to restaurants and evening lifetime venues and this grant software is open to enterprises across several sectors.
The new Modest Business Relief Grant software, funded by the American Rescue Approach Act (ARPA), will provide aid to neighborhood, non-franchise/chain firms with 50 or less full-time workers impacted by the COVID-19 pandemic. Enterprises citywide will be equipped to implement for grant awards of $10,000 for allowable business enterprise bills these kinds of as payroll, rent, particular protecting gear, utilities, inventory, and gear. Programs will be recognized from May perhaps 9-31, 2022 and are offered at www.cambridgema.gov/covid19/business enterprise.
“As we have done in the course of the pandemic, I am very pleased of the City’s continued attempts to aid Cambridge tiny enterprises,” explained City Supervisor Louis A. DePasquale. “This new grant application builds on the $2,500,000 in aid cash we manufactured readily available to Cambridge places to eat and nightlife venues earlier this 12 months, and I stimulate all suitable corporations to utilize.”
The Tiny Enterprise Relief grants will be awarded primarily based on standards which will prioritize firms owned by people of shade, ladies, and other traditionally marginalized teams, enterprises with fewer than 50 workforce, and enterprises in industries that have ongoing to see a critical reduce in profits from pre-pandemic ranges.
“The uncertainty of the very last two years has built operations challenging for our domestically owned compact businesses, and I am glad we are able to supply further relief with these grants,” claimed Mayor Sumbul Siddiqui. “This software shows Cambridge’s commitment to supporting smaller businesses and will prioritize some of the most difficult hit organizations that have a long street to recovery.”
Cambridge firms with 50 or less comprehensive-time staff members are invited to implement. Businesses in the subsequent industries are encouraged to use.
- recreation (e.g. fitness centers, health and fitness studios, afterschool systems)
- personal services (e.g. spa, dry cleaners, barbershop)
- journey and party preparing/output
For far more info about eligibility, exclusions, and the software for these programs, please go to www.cambridgema.gov/covid19/company.
People with thoughts or in will need of aid can simply call 617-349-4654 or email [email protected]. Translation and interpretation expert services are out there on request.
