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Gov. Sisolak announces new grant program for small businesses - KOLO

Gov. Sisolak announces new grant program for small businesses - KOLO


Gov. Sisolak announces new grant program for small businesses - KOLO

Posted: 14 Oct 2020 02:08 PM PDT

LAS VEGAS, Nev. (KOLO) - Governor Steve Sisolak announced a new $20 million grant program aimed at helping small Nevada businesses recover from the COVID-19 pandemic.

"Small businesses throughout Nevada have been among the hardest hit by COVID-19 and this new program will streamline the process to get relief funding out to folks who need it very quickly," said Governor Sisolak. "If your organization has been hurt by the pandemic and you need help with operational costs or expenses to keep your customers safe, I urge you to apply. At a time when our small businesses have made such great sacrifices, it was my priority to ensure the State gets them the support they need and deserve."

The Governor discussed details of the Pandemic Emergency Technical Support (PETS) grant program in Las Vegas on Wednesday, October 14, 2020 and was joined by Nevada State Treasurer Zach Conine.

The Governor's Office said the program is a multi-agency collaboration using federal COVID-19 relief funding that will be administered through the Nevada Treasurer's Office, the Governor's Office of Economic Development and the Department of Business and Industry.

Funds will be available to small businesses, non-profit organizations, arts and culture organizations, and local Chambers of Commerce.

Eligible entities can apply for up to $10,000 in emergency grant funding, which is not required to be paid back. Grant funds can be used to pay for a number of expenses such as: rent, inventory, payroll, utilities, personal protective equipment, and costs associated with retrofits.

The application process opens Monday, October 19, 2020 at 8 a.m. and closes Monday, November 2, 2020 at 5 p.m.

More information on the grants can be found here:

Copyright 2020 KOLO. All rights reserved.

Middlesex County small businesses awarded more than $3 million in COVID relief - My Central Jersey

Posted: 15 Oct 2020 02:00 AM PDT

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Gov. Phil Murphy announced Tuesday that $100 million in additional federal CARES Act funds will be going to residents and businesses affected by COVID-19. Bridgewater Courier News

Middlesex County announced it has awarded more than $3 million to more than 120 local businesses from its Small Business Relief Grant program in the first round of $30 million in federal CARES Act funding.

The grants reimburse costs and loss of revenue associated with the COVID-19 pandemic. Payments ranging from $410 to the maximum $30,000, with an average payment of $24,700, began distribution Wednesday, with the remaining $27 million to be distributed in phases.

Recipients of this first round of funding include restaurants, hair and nail salons, retail stores, health care offices, fitness studios and companies involved in manufacturing, construction, educational services and transportation.

RELATED: Murphy announces $100M in CARES Act funds for businesses, residents

"The county's commitment to its small business owners is fierce, and this first round of funding being distributed to 123 small businesses will make a huge difference in the lives of these businesses, the people they employ, and the communities they serve," Freeholder Leslie Koppel, chairwoman of the county's Finance Committee, said in a statement.

First-round grants were awarded to upwards of 20 businesses in each of the county's municipalities. Edison and Woodbridge garnered the most with 20 and 14, respectively.

"The COVID-19 pandemic has had many unintended consequences, including for our small business communities," Freeholder Director Ronald G. Rios said in a statement. "Not only have they been asked to limit or halt operations, but as we begin to reopen our economy, these cash-strapped businesses have been asked to adapt their businesses accordingly, making it even more difficult to make ends meet. These grants will certainly make a positive impact in our business community."

MORE: Middlesex County towns get $2.69 million in CARES funding

Eligible businesses for the grants must employ less than 50 employees, have a net annual business income of less than $1,000,000 based on their 2019 federal tax return and document business interruption and loss as a result of the COVID-19 pandemic.

They are encouraged by the county to apply at the new CARES Act Small Business Relief Grants Portal at middlesexnj.viewpointcloud.com/.

For more information, visit middlesexcountynj.gov/mcsbrg, email carla.cefalo@co.middlesex.nj.us or call 732-745-3890.

Email: bmakin@gannettnj.com

Bob Makin covers Rutgers for MyCentralJersey.com and the USA TODAY NETWORK New Jersey. Get unlimited access to his informative and entertaining work, while supporting democracy-enriching local journalism, by subscribing today. . 

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State allocating grants to small businesses - Nevada Current

Posted: 15 Oct 2020 06:30 AM PDT

Starting Monday, Nevada small businesses and nonprofits have until Nov. 2 to apply for grant money through the state to help with a variety of needs including rent, payroll or purchasing personal protection equipment.

Gov. Steve Sisolak and Nevada Treasurer Zach Conine announced Wednesday that the state is directing $20 million of coronavirus relief funding to its pandemic emergency technical support grant program, which will be allocated on a first-come, first-served basis with a priority toward minority-owned businesses as well as certain businesses most impacted by the pandemic, like bars and taverns.

"The application process is open for two weeks. We get all the applications for two weeks and then we're able to put them into buckets by prioritization and then the funding goes through until it runs out," Conine said.

If more businesses apply than available funding, something Conine doesn't anticipate based on other programs, he said the the Legislature will be approached about additional funding.

"We anticipate getting money out the door about two weeks after the application process ends," Conine said. "These funds will cover about 2,000 Nevada businesses at the funding level."

Small businesses and nonprofits can get up to $10,000 while arts and culture organizations and Chambers of Commerce can receive up to $20,000. Businesses who have received money through the Paycheck Protection Program, which was part of federal coronavirus relief, aren't excluded from applying.  

"The goal was to provide assistance to different groups who haven't received funding, and arts and cultural organizations haven't received and haven't had access to other programs so for  a lot of them this will be the first program they can apply for," Conine said. "The Chamber of Commerce piece is a little different. They are helping us to spread the word about the program and other aid program as well as providing other services. What we've learned is with the more hands we have on deck helping small businesses to fill these out and understand what they need to provide to get the information they need, the better off we are … We wanted to make sure they had the tools they needed to help get applications filled out and spread the word."

In order to be eligible, businesses can't have more than 50 employees, needed to gross less than $4 million in revenue, have been operational in Nevada prior to March 1, have a physical location in the state, and can't be deemed illegal at a federal level.

While Sisolak said the grant is designed for all businesses "to bridge the gap until the health crisis is over," the program is prioritizing some that have been hit harder by the pandemic. 

"It is important to prioritize some of the small businesses who have been hit the hardest by this pandemic such as our disadvantaged businesses defined as women, minority, veteran and disability owned businesses," Sisolak said. 

National reports have noted that minority-owned businesses, more specifically Black owned businesses, have been hit the hardest by the pandemic. 

An August report from the Federal Reserve Bank of New York found the number of active business owners fell overall by 22 percent nationally, with Black owned businesses dropping 41 percent and Latinx businesses declining by 32 percent.

Sisolak also noted the food & beverage industry has been disproportionately affected by the pandemic.

"That's why we have made sure that Nevada's bars, pubs, taverns, breweries, distilleries and vineyards are prioritized for access to this grant money," he added. 

The pandemic emergency technical support grant program isn't the first assistance the state has allocated for businesses. 

Over the summer, Conine announced $20 million of relief money would be directed to help commercial businesses with rental assistance. 

While their efforts will help thousands of businesses, he stressed there needs to be additional relief at the federal level. 

Talks around an additional stimulus package have stalled after President Trump announced he was halting negotiations. Even though he has since tweeted the need for a bigger stimulus package, Republican Sen. Majority Leader Mitch McConnell, who declined to vote on two relief bills passed by the House, said an additional package is unlikely before the election.  

"We desperately need help from our federal government for additional support — coronavirus relief funds and other things — to make sure we can help small businesses," Conine said. "We need help with rental assistance and infinite other needs. So we encourage everyone to push on your federal delegation and on the president for additional help."

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