The City of Cambridge has announced that grant applications are now available for a new Small Business COVID-19 Relief Grant Program. The program is designed to provide short-term working capital assistance to enable the viability of the business and retention of jobs during the severe interruption caused by the COVID-19 pandemic.
Cambridge’s U.S. Department of Housing and Urban Development (HUD)-eligible retail, food, personal services, and creative for-profit businesses could receive a grant up to $6,000 per brick and mortar business. The grant applications are available now through May 1, 2020. Businesses that are more severely affected by the state and local closures will be prioritized.
“We recognize how difficult this environment is for our small business community,” said Cambridge Mayor Sumbul Siddiqui and City Manager Louis A, DePasquale in a joint statement. “This program is intended to help our small businesses remain open and sustain as many employees as they can. It’s one of the several strategies we’re committed to supporting in order to help our local businesses navigate this unprecedented time.”
The Cambridge Small Business COVID-19 Relief Grant is a federally funded program by the U.S. Department of Housing and Urban Development. If you have questions about the Small Business COVID-19 Small Business Relief Grant, please contact Pardis Saffari at psaffari@cambridgema.gov.