$10,000 available in small business stabilization grants nationwide

Many small businesses are still reeling from the pandemic. Although the first aid programs have already distributed money, communities are still providing subsidies to stabilize their local economies. Here are some small business grant programs in California, Connecticut, and everywhere in between.

Butte Business Stabilization

California’s Butte County and the City of Chico allocate American Rescue Plan Act funds to a new small business grant program. The Butte Business Stabilization Program II is open to small businesses in Chico with 100 or fewer full-time equivalent employees. Grants can be as high as $10,000 and can cover operating costs that would otherwise put the company at risk from closure or layoffs. The application period runs from May 2 to May 20.

CARES 4 Trumbull Small Business Relief Fund

Trumbull County, Ohio recently spent an additional $2 million on the CARES 4 Trumbull Small Business Relief Fund. The small business grant program supports provincial businesses affected by the pandemic. This funding round comes from the Coronavirus Local Fiscal Recovery Fund established under the American Rescue Plan Act. Eligible small businesses can apply for up to $10,000 to cover pandemic-related costs. Funding will be provided on a first come, first served basis.

AK-ARPA Business Utility

Alaska lawmakers recently extended the deadline for the small business grant program. The AK-ARPA Business Relief Program supports businesses across the state affected by the pandemic. The original deadline to apply for a portion of the state’s $34 million in federal relief funds was April 15. Now eligible small businesses have until April 30 to apply. The eligibility threshold has also changed. Companies must now be able to demonstrate that they have lost at least 30 percent of gross sales between 2019 and 2020, as opposed to 50 percent in previous rounds.

Keep Islip Thriving

Islip, New York companies and nonprofits with fewer than 500 employees can apply for grants of up to $5,000 thanks to a new program. Keep Islip Thriving is using funds from the US Rescue Plan Act to help companies negatively affected by pandemic shutdowns and mandates. Companies can use funds to cover expenses related to supporting public health or keeping it going due to COVID-19 issues.

Belton ARPA Funds

Belton, Texas is preparing a new small business grant program for companies with 500 or fewer employees. The city will use $850,000 in American Rescue Plan Act funds to create a program similar to the one created in 2020 under the CARES Act. Applicants will be required to prove financial losses due to COVID-19 and provide a budget on how the funding will be used. The city plans to prioritize hard-hit sectors such as hotels and hospitality, but all small businesses that meet the requirements can apply for the same program.

Legacy Lyme Economic Recovery Grants and Community Initiative Grants

Old Lyme, Connecticut businesses now have two new small business grant programs to apply for. The Economic Recovery Grant is intended to cover pandemic losses incurred between March 3, 2021 and April 1, 2022. Companies can apply under this program for up to $10,000. The Community Initiative Grant program provides funding for programs and initiatives that support community recovery efforts. For example, companies can apply for funds to cover mental health support or early childcare programs. May 2 is the deadline to register for both programs.

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This post $10,000 available in small business stabilization grants nationwide was original published at “https://smallbiztrends.com/2022/04/small-business-stabilization-grants-across-the-country.html”

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