June 30 2020
The Pennsylvania Department of Community and Economic Development (DCED) has a $225 million grant program for small businesses impacted by COVID-19 closures. The COVID-19 Relief Statewide Small Business Assistance program provides businesses with grants ranging from $5,000 to $50,000. This program is an allocation of CARES Act funding received by the Commonwealth of Pennsylvania.
This grant program has three subcategories:
- Main Street Business Revitalization Program: $100 million
- Historically Disadvantaged Business Revitalization Program: $100 million
- Loan payment deferment and loss reserve: $25 million
To learn more about this program, please
view the DCED website. Applicants must apply through an
approved Community Development Financial Institution (CDFI).