Steps to Promote Equitable Relief for Mom-and-Pop Businesses
Building on a month of strong results, the Biden-Harris Administration and the U.S. Small Business Administration are taking steps with the Paycheck Protection Program to further promote equitable relief for America’s mom-and-pop businesses.
The latest round of Paycheck Protection Program funding opened one month ago and already the Biden Administration has succeeded in making major improvements to the program’s implementation:
- For businesses with fewer than ten employees, the share of funding is up nearly 60%
- For businesses in rural communities, the share of funding is up nearly 30%
- The share of funding distributed through Community Development Financial Institutions and Minority Depository Institutions is up more than 40%
It’s official! The much-rumored, oft-mentioned COBI small business grants are now coming soon.
Get ready – applications for business assistance grants will become available in association with KEDA (the Kitsap Economic Development Alliance) starting on Friday, March 12.
Businesses may receive between $5,000 and $10,000 based upon their COVID-19 financial impacts and the number of total applications received by the City.
The unanimously-approved Business Recovery grant program will provide $210,000 to support Bainbridge Island businesses recovering from the COVID-19 pandemic. Continue reading
Accelerate Kitsap (https://acceleratekitsap.weebly.com/) is a recently relaunched non-profit organization focused on providing education, information and guidance to budding entrepreneurs and emerging start-up and existing small businesses in Kitsap County and throughout West Sound. The organization will be updating its web site and adding new board members in the months ahead.