Pennsylvania Small Business Assistance Program Accepting Applications

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. Applications
will continue to be accepted and will be considered for future rounds of
funding that will be announced soon.
To
be eligible to apply, a business must be physically located,
certified to do business and generate at least 51 percent of their revenues in
Pennsylvania; have annual revenue of $1 million or less prior to the impact of
COVID-19; and have 25 or fewer full-time equivalent employees prior to February
15.
The
program will prioritize small businesses that are owned and
operated by low and moderate-income people; or located in areas of
need including areas with a population having incomes significantly below the
median income level, high levels of poverty, higher than average unemployment
rates or significant population loss; types of businesses that were most
impacted by the economic shutdown and experienced the greatest revenue losses.
Additional consideration will be given to women-owned businesses and
communities targeted for business investment by state government programs like
Main Street and Elm Street and rural communities.
At least
50 percent of the grants to small businesses will be awarded to Historically
Disadvantaged businesses. Historically Disadvantaged businesses are at least 51
percent owned and operated by persons who are Black, Hispanic, Native American,
Asian American or Pacific Islander because they have traditionally been
discriminated against and disadvantaged when seeking financial services and
financial products.
In
addition, the program will ensure that grant funds are awarded to small
businesses located across the Commonwealth of Pennsylvania.
For
more information, visit PABusinessGrants.com.