Grants Out there to Assist Companies Fighting Port of Baltimore Closures

Main disasters just like the current collapse of the Francis Scott Key Bridge in Baltimore can have main implications for close by companies. This leaves communities to search out methods to assist companies by means of tough intervals so that they’re nonetheless in operation as soon as circumstances return to regular. Two such applications lately launched in Baltimore. Examine them and different present small enterprise grants under.

Port of Baltimore Employee Retention Program and Emergency Enterprise Help Program

Companies which can be struggling to retain workers because of the collapse of the Francis Scott Key Bridge in Baltimore could quickly have the ability to entry reduction due to the Port of Baltimore Employee Retention Program. This system includes $12.5 million in funding and goals to assist companies keep away from layoffs till the port absolutely reopens. Eligible companies can use funds for worker coaching, payroll bills, and assist providers. Moreover, the Port of Baltimore Emergency Enterprise Help Program is providing grants of as much as $100,000 to assist companies dealing with challenges because of the port’s closure. Companies should have the ability to show monetary hardship associated to the bridge collapse to qualify. The appliance interval opens on April 22.

Maui Small Enterprise Restoration Grant Program

The US Chamber of Commerce Basis and American Specific are teaming up to assist Maui companies that had been affected by final 12 months’s wildfires. The Maui Small Enterprise Restoration Grant Program will supply $5,000 grants to 100 companies on the island. To qualify, companies will need to have between 3 and 20 workers and a bodily location on Maui since a minimum of August 1, 2023. Companies should additionally have the ability to display monetary want and loss because of the wildfires. Could 1 is the deadline to use.

Lifting Our Group Companies Throughout Lengthy Island Small Enterprise Grants

Optimum Enterprise and the LIA Basis are partnering on a brand new grant program to support small companies in Nassau and Suffolk counties. Eligible companies can apply for as much as $5,000 every, with a complete of $300,000 accessible. The LOCAL “Lifting Our Group Companies Throughout Lengthy Island” Small Enterprise Grants program additionally gives a six-month membership to the Lengthy Island Affiliation for all candidates. And grant recipients will get a one-year complimentary membership. Eligible companies should apply by Could 1.

Larger Washington D.C. Purple Line Building Grants

The Larger Washington Group Basis is facilitating a grant program to assist native companies which were negatively impacted by delayed Purple Line building by means of the Washington D.C. space. This system is funded by a $500,000 donation from PNC Financial institution. Companies which were negatively impacted by the mission can apply for as much as $20,000 to assist cowl numerous bills, from capital enhancements to operational prices. To qualify, companies will need to have a minimum of three years in enterprise, ten or fewer workers, and $5 million or much less in annual income. The deadline to use for funding is Could 13.

Quincy Small Enterprise Help Grant Program

Quincy, Florida, is offering grants to each companies and people seeking to positively enhance their neighborhoods. The Quincy Group Redevelopment Company is facilitating each the Small Enterprise Help Grant and the Residence Restore Grant. Each applications supply as much as $10,000 to property homeowners seeking to improve their areas. Enterprise homeowners should be positioned within the Quincy CRA District, have a enterprise license, and be a Quincy utility buyer to qualify.

Newport Technical Help Grants

Newport, Vermont, is providing grants to small companies within the Designated Newport Metropolis Downtown district to assist them entry numerous technical help providers. Funding comes from an award that Newport Downtown Growth obtained from the USDA-RD Rural Enterprise Growth Grant Program. Grants can cowl prices associated to varied providers, together with web site design, digital cost processing, and advertising and marketing. To qualify, companies will need to have fewer than 50 workers and fewer than $1 million in gross revenue. The Northern Group Funding Capital is facilitating this system, so they’ll assist companies by means of the appliance course of and help in creating proposals for numerous providers.

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This text, “Grants Available to Help Businesses Struggling with Port of Baltimore Closures” was first revealed on Small Business Trends