The Governor recently approved an additional $70M towards small business relief. The maximum award grant will be up to $20,000. The grant can only cover expenses or costs incurred due to COVID-19 and that were necessary to continue business operations.
The online application portal will open early the week of Nov. 30. Priority will be given to applications received by Dec. 10, 2020.
These grants are prioritized for:
- Small businesses with annual revenues of $5 million or less in 2019, AND…
- Businesses in the sectors that are most impacted by the recent public health measures as well as businesses in sectors that have experienced significant, cumulative impacts. Examples include full-service restaurants, fitness centers, bowling alleys and music and event venues.
- Certain nonprofits may also be eligible if they have a primary business activity that falls into a similar category as noted above. Example – a nonprofit full-service restaurant or nonprofit music venue.
- If Commerce is able to fund all the eligible applicants from the priority pool, and funds remain, they may be able to provide grants to additional businesses or nonprofits from other sectors or who have annual revenues larger than $5 million.