The City of Providence, with support from RI Commerce, is accepting grant applications for financial assistance to small businesses affected by the closure.
Donor Name: City of East Providence
State: Rhode Island
City: East Providence
Type of Grant: Grant
Deadline: 09/24/2024
Size of the Grant: $1000 to $10,000
Grant Duration: Grant Duration Not Mentioned
Details:
Eligible small businesses in Providence can now apply for grants that range from $500 to $2500 on a first-come, first-served basis. To qualify, businesses must be physically located in Providence, have experienced a revenue loss of at least $500 and 10% due to the bridge closure and meet other criteria, including a maximum of $2 million in gross receipts.
Funding Information
Grants will be made in amounts of $500, $1,000, and $2,500, based on minimum revenue loss thresholds during the period of December 2023 – February 2024.
Program Criteria
- Must be a small business in Providence meeting the following eligibility requirements:
- Experienced negative economic impact (minimum $500 and 10% revenue loss) as a result of Washington Bridge Reconstruction
- Physically located in Providence
- For-profit businesses and non-profits entities
- Rhode Island gross receipts of $2 million or less
- Not owned by a nationally or regionally owned franchise
- Not permanently closed
- Not in or considering federal bankruptcy or state receivership
- Be an established business in the state of Rhode Island prior to June 1, 2023
- Not on federal do not pay list.
- All industries are eligible with very limited exceptions: elementary or secondary schools; landlords/real estate professionals; institutions of higher education; public or private foundations; government-owned entities or elected official offices; and lobbying/political organizations.
For more information, visit City of East Providence.
