Business Assistance from the City
EMERGENCY SMALL BUSINESS GRANT PROGRAM
Zoom Community Hour: Surviving and thriving, one framingham business at a time, september 29, 2020
As of November 16, 50 Framingham businesses have been awarded grants. There is still money available to assist businesses.
The City of Framingham (City) has established the COVID-19 Emergency Small Business Grant to assist in the stabilization of existing small businesses within the City of Framingham that have had significant business disruption due to the impact of COVID-19. These grant funds will assist small businesses in the City of Framingham to cover wages, rent, loss of inventory, and other fixed costs.
- Have a physical establishment within the City of Framingham.
- The business owner must be low- to moderate-income (see income thresholds below).
- Have experienced a loss of revenue of 50% or more due to COVID-19 since March 10th.
- Have less than $2,000,000 in gross annual receipts.
- Have no outstanding tax liens or legal judgments.
Ineligible applicants include, but are not necessarily limited to independent contractors, check cashing agencies, gun shops, pawnshops, liquor stores, adult entertainment businesses, and dollar stores. Ineligible applicants also include franchisees of national or regional chain businesses.
The City reserves the right to reject any application that is incomplete or does not meet the Program Requirements in the sole opinion of the Planning and Community Development Division. In addition, the City may decide on a case-by-case basis to reject any application that does not meet and advance the goals of this Program.
APPROVED USES OF FUNDS:
Employee payroll costs, loss of inventory, rent, other fixed costs. Other costs may be considered on a case-by-case basis.
Funding for this program will be provided through the City’s Community Development Block Grant (CDBG) funds, which are allocated by the United States Department of Housing and Urban Development (HUD).
AMOUNT OF FUNDING:
$10,000 maximum per business with demonstrated costs greater than or equal to the amount requested.
FOR APPLICATION AND MORE INFORMATION
Please click on the preferred language link below for the application form and additional guidance including income limits:
Email firstname.lastname@example.org for more information.