The City of Revere has programmed $415,000 in Community Development Block Grant (CDBG) funding to establish a microenterprise grant program, with the objectives of preventing, preparing for, and responding to the coronavirus.
Donor Name: City of Revere
State: Massachusetts
City: Revere
Type of Grant: Grant
Deadline (mm/dd/yyyy): 02/08/2022
Size of the Grant: $15,000
Details:
The purpose of this program is to provide financial support for the establishment, stabilization, and expansion of micro-enterprises.
Use of Funds
- Grants may be used for most purposes if they facilitate the stabilization or expansion of a micro-enterprise and they prevent, prepare for, or respond to coronavirus.
- Grant funds are intended to support ongoing operations during the Covid-19 pandemic and enable businesses that were non-essential to reopen.
- Eligible costs can include rent, utilities, salaries and benefits, mortgage payments, insurance, COVID-19 health and safety measures, personal protective equipment, and costs associated with inventory.
Funding Information
The maximum grant award is $15,000 to cover up to three (3) months of operating expenses, with the average award expected to be $10,000.
Eligibility Criteria
- General Criteria
- Applicants must be a Revere-based microenterprise (have a physical location in Revere);
- Have five (5) or fewer employees;
- Be a for-profit entity (i.e. sole proprietorships, partnerships, corporations, LLCs) with a business certificate on file with the City of Revere;
- The business must provide goods and/or services to multiple customers;
- Good Standing: Participating businesses must be in good standing with the state and City, including, but not limited to:
- Be current on all taxes through 09/30/2021
- Maintain active and valid state licenses/registrations, if applicable, and City registrations, if applicable;
- Not party to litigation involving the state or municipality;
- Not currently debarred from state or federal awards;
- Not currently have any liens
- Loss of Income: Participating businesses must be able to document a loss of income equal to or greater than the requested assistance, as a result of COVID-19. The DPCD reserves the right to request supporting documentation, in excess of the documentation furnished as part of the application submission, to ensure compliance with this provision.
For more information, visit Microenterprise Grant Program.
