Small business grants support those hardest hit by COVID
Almost every business has struggled in one way or another over the past couple of years. But some businesses, such as bars, restaurants and minority-owned businesses, have been disproportionately affected. Fortunately, there are currently grant opportunities available for these small businesses.
More COVID grants for small businesses available
Read this week’s top small business grants below.
Maui County Small Business Grant Program
Maui County and the Maui Federal Credit Union have partnered to provide grants to local restaurants, bars and gyms. The Maui County Small Business Grant Program is using U.S. bailout funding to support businesses hardest hit by the pandemic. Each grant is $5,000. To be eligible, businesses must provide proof of a 25% decline in gross revenue from 2019 to 2020. You must also have a lease or rental space in Hawaii, have $2 million or less in gross revenue from 2020 and meet a few other qualifications. . Applications are available online now.
EnrichHER Small Business Grant Competition
EnrichHER is about to launch its next grant competition for women entrepreneurs and founders of color. The black woman-owned fintech lender is offering $5,000 grants to support underserved businesses and those hardest hit by the pandemic, inflation and labor shortages. Recipients can use the funds for a variety of operational needs, from marketing to purchasing new equipment. Applications are accepted from January 20 to February 3. And the winners will be announced on March 31.
Santa Clara County Microbusiness COVID-19 Relief Grant Program
Santa Clara County, California is unveiling a new grant program to support area micro-businesses. The $2.4 million grant comes from the California Microbusiness COVID-19 Relief Grant Program (MBCRG). And community partner Enterprise Foundation will administer the program, selecting microenterprises that will receive $2,500 grants to offset the negative effects of the pandemic. Approximately 875 local businesses will receive funds. Businesses owned by women, minorities, veterans and those facing systemic barriers to funding will be given priority. And businesses must have fewer than five employees and less than $50,000 in revenue in 2019 to qualify. Applications will be available in the coming weeks.
California Paid Family Leave Program Grants
Some California small businesses may qualify for a new grant program to support paid family leave. Funding is offered through the California Employment Training Panel and the California Labor and Workforce Development Agency from the state’s general fund. Businesses with fewer than 50 employees can claim $2,000 for each employee who uses the state’s paid family leave program. And businesses with between 51 and 100 employees can apply for $1,000. Funds can be used for employee training and workload management while on leave. Applications are available online now. And the deadline for this current round is February 8th.
Bethel Small Business Assistance Program
Small businesses in Bethel, Connecticut will have another chance to apply for pandemic recovery grants. The city has already awarded about $127,000 to 34 businesses since launching its small business relief program. The second round includes sufficient funding to support approximately 70 additional businesses. Businesses with 25 or fewer employees that have been negatively impacted by the pandemic are welcome to apply. The deadline is February 1.
Founders First Job Creators Quest Grant
Founders First, a national nonprofit, has just announced a new round of grants for minority entrepreneurs in the Chicago area. The organization will support 30 businesses, offering a total of $100,000. The program also includes a business accelerator program. To be eligible, companies must serve B2B sectors, have between 2 and 20 employees, and revenues between $100,000 and $3 million. Additionally, founders must be black, indigenous, a person of color, a member of the LGBTQ+ community, a veteran, or women in low-to-moderate income areas. Applications are available now. And the deadline is February 4.