Gordon Denlinger, state director for the NFIB Pennsylvania, which represents the interests of small businesses, said the sooner those institutions get the money into businesses’ hands the better. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. COVID-19 Relief PA Statewide Small Business Assistance Program . All rights reserved (About Us). “We want to help these local business owners get the financial assistance they need to give their restaurants and stores the boost they need for a fresh start from this setback.”. © 2020 Advance Local Media LLC. Pennsylvania Real-Time News; Pa. small business grant program to provide $225 million in relief aid to recover from COVID-19 losses Tom Wolf in announcing the program during a televised news conference on Monday. Some $100 million will be set aside for the Main Street Business Revitalization Program to help small businesses that experienced loss during the governor’s ordered business closure that began on March 19 or need to make changes to their operation due to COVID-19. This field is for validation purposes and should be left unchanged. Businesses will be required to submit proposals that document their losses, projected revenues, the duration of their closure, and any state, federal and local government relief aid they have received. “We know for a lot of businesses are right on the ragged edge at this point,” he said. Copyright © 2020 Pennsylvania Small Business Grants - All Rights Reserved. With more than $27,363.00 million dollars in grants and additional local government funding sources of $21,796.00 million dollars, the majority of the federal budget in government grants is put into the business sector every year as small businesses and large corporations are the foundation of the economic growth in Pennsylvania. A list of eligibility requirements, a checklist to help business owners prepare for the application and a list of frequently asked questions are currently available at www.rebuildberks.com/funding.

But he applauds this move to provide grants to help those who haven’t yet reached that point. According to Senate Democrats, businesses must have been operating on or before Feb. 15 and must have paid taxes to the state and federal government to be eligible. The funding will be distributed through Pennsylvania’s community development financial institutions, which are expected to receive the money by the end of this week. “We’ve seen our business communities taking the brunt of the COVID-19 pandemic and the economic crisis,” said Daniel Betancourt, President & CEO of Community First Fund. So we have to make certain that our florists, and our barbers and our coffee shops and other small businesses emerge from the pandemic with a viable path forward.”. Small Business Grant Application (For-Profit Only) Lycoming County For-Profit Small Business CRBG Guidelines/Instructions; IRS Form W-9 Wolf Announces $225 Million Grant Program for Small Businesses Impacted by COVID-19. Denlinger acknowledges there clearly is a need for that type of targeting of resources at this point. “Since this pandemic began, we have heard the needs of the auto body shops, the barbershops, the beauticians, the pizza shop owners, the soul food establishments and other businesses in the communities,” said Sen. Vince Hughes, D-Philadelphia. Round 1 Data Summary of Approved Grants $96 Million in Relief Grants Awarded to PA Small Businesses Gov. Tom Wolf announced $225 million will be distributed to community development financial institutions this week to go out to help Main Street and historically disadvantaged businesses get back on their feet in the wake of the COVID-19 pandemic.

The remaining $25 million is earmarked for the Loan Payment Deferment and Loss Reserve Program which will offer forbearance and payment relief for existing portfolio businesses that are struggling. If we fail to assist small businesses we rely on we’re going to walk to empty windows, leaving the fabric of our communities behind. Thanks for visiting PennLive.

The program will focus on businesses in the hospitality, tourism, retail, restaurant and personal care industry sectors and with preference given to businesses owned by people of color, veterans, women and disabled individuals. Community First Fund representatives will also be available throughout the process to offer technical assistance to applicants. The online application portal can be accessed through the website after the portal opens. Businesses fall into this category if socially and economically disadvantaged individuals own at least 51% and manage and control its operation. Recipients will not be determined on a first-come, first-serve basis, so applicants are asked to take their time to properly prepare and have complete and correct information at hand when submitting their applications. Community Rules apply to all content you upload or otherwise submit to this site. HELPING SMALL BUSINESSES IMPACTED BY COVID-19.

Registration on or use of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your California Privacy Rights (each updated 1/1/20). However, he said he wishes there would be a broader distribution of outlets across the state, noting that many of the community development financial institutions are focused on helping businesses in metro areas. The necessary information to apply includes the most recent tax return, a form of acceptable government-issued photo ID for the primary business owner and the dollar amounts of total gross revenues from March 1, 2019 to May 31, 2019 and total gross revenues from March 1, 2020 to May 31, 2020. The state Department of Community and Economic Development will provide oversight of the program. The Board of Commissioners allocated $6 million from the county’s CARES Act funds to support this program on August 11. Round 1 Data Summary of Approved Grants $96 Million in Relief Grants Awarded to PA Small Businesses Gov. Eligible business must have been in operation as of February 15, 2020 and certify their business is operating or has a clear plan to fully reopen. Finally, the program will prioritize businesses that have incurred the highest revenue loss due to COVID-19 and businesses that have received limited to no prior local or state relief funding. Main Street and historically disadvantaged businesses must have 25 or fewer employees and experienced losses as a result of the governor’s stay-at-home order to qualify. Pennsylvania’s community development financial institutions, Rush to dole out billions in coronavirus relief dollars in Pa. could lead to waste, fraud, $60 million state-funded small business assistance program. A donation of any size to your nonprofit media organization supports the future of media access in our community - the things you love, and the places you care about, by the people you know. 100% percent of our content comes from you. COVID-19 Relief Fund Applications and Information Small Business (For-Profit Only) - Due Sept. 18th . “Timeliness is in line with what we’re hearing about the needs of small business owners so that timing is a very positive thing.”. Quality local journalism has never been more important. Wolf Announces $225 Million Grant Program for Small Businesses Impacted by COVID-19 COVID-19 Relief PA Statewide Small Business Assistance, $96 Million in Relief Grants Awarded to PA Small Businesses, Gov. The program will be administered by Community First Fund, a non-profit, federally qualified community development financial institution (CDFI). According to a community and development spokeswoman, nearly 900 applications were received requesting more than $75 million in loan help. We need your support. This is huge!