ARPA exchanges continue to support US small businesses

The American Rescue Plan Act still provides funding for small business grants in communities across the country. If your business is still struggling with the pandemic, these grants can be a valuable lifeline. Read on for current opportunities through the ARPA and other programs that support small businesses.

ARPA Scholarships

Kings County ARPA Grant Program

Kings County, California is making $6 million in federal funds available to local businesses. The community’s Economic Development Corporation will implement the program, which is funded by the American Rescue Plan Act. In 2020, the province distributed funds from the federal Coronavirus Aid, Relief, and Economic Security Act (CARES). But they intend to simplify the application process for this program. Details are still being worked out. But businesses must be licensed, in operation as of March 15, 2020, and have 100 or fewer employees to qualify. Companies must also be able to demonstrate significant financial damage caused by the pandemic.

Waterford ARPA Grant Program

Waterford, Connecticut launches a new small business grant program funded by the American Rescue Plan Act. The program will distribute approximately $230,000, with approximately $10,000 available to each recipient. The city is currently planning a survey and virtual roundtable to work out the details of the program. Full entry requirements coming soon. But for now, the city expects to target businesses with 30 employees or fewer.

Small Business Incentive Grant Program in Cuyahoga County

Cuyahoga County, OHIO has a new $2 million grant program to support neighborhood businesses suffering from the pandemic. The Small Business STIMulus Grant Program offers one-time payments of $10,000, $25,000 or $50,000 for businesses with 50 full-time equivalent employees or fewer. The award amounts are based on gross income and business needs.

Other Small Business Grant Programs

Upscaling Nash County

Nash County, North Carolina is offering a new educational support and grant program for small businesses. Scale-Up Nash County is run by Nash County Economic Development and Nash Community College’s Small Business Center. Ten places are available for the next course, which starts on September 14 and runs through October 5. In addition to the course, recipients will also receive a $1,500 grant to support their activities. August 26 is the deadline to apply.

Downstream Riverfront Communities Economic Recovery Implementation Project

The U.S. Economic Development Administration is providing a $1.6 million grant to support small businesses and the economy in the Downriver area of ​​Michigan. Local communities also pledge $401,514 in funding for the program. The Downriver Riverfront Communities Economic Recovery Implementation Project aims to support economic recovery in the region, which was once heavily dependent on coal energy. This grant comes from the EDA’s $300 million Coal Communities Commitment. Grant financing does not go directly to small businesses. But community organizations plan to use funds to redevelop two coal-fired power plants and establish a new small business program to support the local economy.

Federal Home Loan Bank of Chicago Community First Accelerates Grants

The Federal Home Loan Bank of Chicago offers two grant and financing programs to support small businesses in Illinois and Wisconsin. The new Community First Accelerate Grants for Small Business and Community Small Business Advance programs aim to provide $750,000 in grants by 2022. Each company can receive up to $25,000 through the program.

Follow us on Google News for the latest news.

Image: Depositphotos

More in: Small Business Grants
This post ARPA exchanges continue to support US small businesses was original published at “https://smallbiztrends.com/2022/08/arpa-grants-continue-supporting-small-businesses.html”

Leave a Reply

Your email address will not be published.