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Available Now: Applications Being Accepted for $225 Million Grant Program for Small Businesses Impacted by COVID-19
The COVID-19 Relief Pennsylvania Statewide Small Business Assistance program will provide grants ranging from $5,000 to $50,000 to small businesses that have been economically impacted by COVID-19. This is not a first-come, first-served program. There will be multiple rounds of application windows. Links to apply are at the bottom of this email. The initial application window for the first round of funding is NOW OPEN and will remain open for 10 business days. Applications will continue to be accepted after 10 business days but will be considered for future rounds of funding. Additional rounds will be announced soon. Before you begin your application, please review the Guidelines and the FAQs. This funding was allocated through the recently enacted state budget, which included $2.6 billion in federal stimulus funds (CARES Act) of which $225 million was earmarked for relief for small businesses. The Department of Community and Economic Development (DCED) will distribute the funds to Community Development Financial Institutions (CDFIs), which will then administer the funding in the form of grants. The PA CDFI Network is a group of 17 PA-based community development financial institutions that primarily provide financing options for small businesses. An informational site for the program has been developed and is available at: https://pabusinessgrants.com. Applicants must apply directly through a CDFI. |
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