The City of Cambridge’s New Lease Rent Relief Grant for small business to new or expanding businesses that are helping to revitalize commercial districts hit hard by the COVID-19 pandemic.
Donor Name: City of Cambridge
State: Massachusetts
City: Cambridge
Type of Grant: Grant
Deadline: 10/28/2024
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
New, small, for-profit businesses in Cambridge are eligible to apply to the last round of the New Lease Rent Relief grant. This grant awards up to $25,000 to help offset the first year of commercial rent costs. This program is being funded with American Rescue Plan Act (ARPA) funds.
Eligibility Criteria
- To be eligible, business must be:
- A new, non-franchise local for-profit business with a ground floor location within the City of Cambridge that has executed a new lease for commercial space. A commercial space is a building that is zoned or defined as a commercial building by the City.
- Compliant with all federal, state and local laws and regulations pertaining to zoning, licensing, and permits.
- Compliant with all previous grant requirements such as proof that the grant(s) were used correctly (if the business received a previous City COVID-19 grant).
- A retail enterprise including restaurants and personal services (excluding professional services)
- If you can respond yes to the questions below you could be eligible for this grant:
- Is your current business located in Cambridge, MA?
- Do you have 50 or fewer full-time employees including yourself?
- Did you sign a multi-year lease on a commercial property in Cambridge on or after January 1, 2023?
- Is your business currently in operation?
- Can you provide a new, fully executed multi-year lease signed on or after January 1, 2023?
- Can you provide rent receipt payments for the immediate six months prior to your application?
- Round One: March/April 2024
- Round Two: September/October 2024.
For more information, visit City of Cambridge.
