The Day – New London providing new spherical of enterprise grants


New London — The town’s Workplace of Group and Financial Growth has introduced the second part of its Small Enterprise Emergency Reduction Grant program to supply monetary help to small companies and nonprofit organizations impacted by COVID-19.

The town has designated $57,000 of CARES Act funding for this second part of this system to offer short-term help for utility payments. The town handed out $169,000 within the first spherical.

Grants from $500 to $1,500 can be found to qualifying companies and organizations, primarily based on demonstrated want and precedence factors. Whereas not all candidates can be awarded the utmost quantity, the metropolis “will make a good and equitable dedication for all certified candidates primarily based on demonstrated want offered.”

“This CARES Act funding gives crucial support wanted for New London’s small companies which are struggling to pay utility payments which are due even when companies are closed resulting from COVID-19 restrictions,” New London Mayor Michael Passero stated in an announcement.

“I need to thank our Congressional delegation for making this assist potential for our companies,” he stated.

“Small enterprise is our spine within the Metropolis of New London, and we have now to deal with the issues persons are dealing with at this time on account of the pandemic,” stated Felix Reyes, New London Director of Financial Growth and Planning. “Our small enterprise house owners want help paying their payments now, and we’re happy the Metropolis’s SERG program is right here to assist.”

Any small enterprise or nonprofit affected by COVID-19 might qualify however precedence can be given to candidates with the best wants primarily based on income loss, layoffs and the variety of low- to moderate-income staff affected by the pandemic.

Functions can be accepted till Jan. 26. Metropolis Corridor is presently underneath development and closed to the general public, so to use on-line and add paperwork, please use the SERG 2.0 On-line Utility. To obtain a PDF of the appliance, please go to the Metropolis of New London Web site and e mail accomplished utility and paperwork to jcox@newlondonct.org or name (860) 447-5243 to schedule a drop-off or choose up.

The SERG 2.0 On-line Utility is out there in each English and Spanish. The web utility in English will be discovered at bit.ly/nlcvappeng. The web utility in Spanish will be discovered at bit.ly/nlcvappesp.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Sponsor

Latest

What’s ChowNow? Here is what you must know

ChowNow is a food-ordering...

Retail Enterprise Providers Commits $100,000 to the Nationwide Minority Provider Improvement Council Enterprise Consortium Fund Inc. to Help Black-owned Companies

QUINCY, Mass., Dec. 22, 2020 (GLOBE NEWSWIRE) -- Retail Enterprise Providers, the companies firm of Ahold Delhaize USA, immediately introduced that the...

Six zodiac indicators which are introverts: Is yours on the record?

By: Life-style Desk | New Delhi | December 7, 2020 10:50:27 am Discover out what sort of a persona are you thru your zodiac. (Supply:...

The ULTIMATE record for INSPIRATION!

Instagram Tales are a inventive strategy to work together along with your viewers. However, if you happen...
Translate »