Small business grants support those hardest hit by COVID
Almost every company has struggled in some way over the last two years. However, certain businesses such as bars, restaurants and minority-owned businesses have been disproportionately affected. Fortunately, there are some current funding opportunities for these small businesses.
More small business COVID grants available
Read below for the top scholarships for small business this week.
Maui County Small Business Scholarship Program
Maui County and Maui Federal Credit Union have partner Offer grants to local restaurants, bars and gyms. The Maui County Small Business Grant Program is using American Rescue Plan funds to support businesses hardest hit by the pandemic. Each grant is US$5,000. To qualify, companies must demonstrate a 25% decrease in gross revenue from 2019 to 2020. You must also have a leased or rental home in Hawaii, have gross sales of $2 million or less by 2020, and meet some other requirements. Applications are now possible online.
EnrichHER Small Business Grant Contest
EnrichHER is about to start its next scholarship competition for women entrepreneurs and founders of color. The black woman-owned fintech lender is offering $5,000 in 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 purposes, from marketing to buying new equipment. Applications will be accepted from January 20th to February 3rd. The winners will be announced on March 31st.
Santa Clara County COVID-19 Relief Grant Program for Micro Businesses
Santa Clara County, California is revelation a new grant program to support micro-enterprises in the region. The $2.4 million grant comes from the California Microbusiness COVID-19 Relief Grant Program (MBCRG). And community partner Enterprise Foundation will manage the program and select the micro-enterprises that will receive $2,500 in grants to help offset the negative impact of the pandemic. About 875 local businesses will receive funding. Priority is given to companies owned by women, minorities, veterans and those facing systemic funding barriers. And as of 2019, companies must have fewer than five employees and less than $50,000 in revenue to qualify. Applications will be available in the coming weeks.
Grants for the California Paid Family Vacation Program
Certain small businesses in California can do this to 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 general fund. Businesses with fewer than 50 employees can apply for $2,000 for each employee using the state’s paid family leave program. And companies with 51 to 100 employees can apply for $1,000. Funds can be used for training and managing employee workloads while on vacation. Applications are now possible online. And the deadline for this current round is February 8th.
Bethel Small Business Assistance Program
Small businesses preserved in Bethel, Connecticut one more chance to apply for pandemic recovery grants. The city has already awarded approximately $127,000 to 34 businesses since the start of its small business assistance program. The second round includes enough funds to support about 70 more companies. Companies with 25 or fewer employees that have been negatively affected by the pandemic are welcome to apply. The closing date for entries is February 1st.
Founders First Job Creators Quest Grant
Founders First, a national non-profit organization, only announced a new round of grant funding for minority entrepreneurs in the Chicago area. The organization will support 30 companies and provide a total of US$100,000. The program also includes a business accelerator program. To qualify, companies must serve B2B sectors, have between 2 and 20 employees and have between $100,000 and $3 million in revenue. In addition, founders must be Black, Indigenous, a person of color, a member of the LGBTQ+ community, a veteran, or women in low- to middle-income areas. Applications are now open. And the deadline is February 4th.