A new state program will provide an additional $225 million in economic recovery grants to Pennsylvania's small businesses impacted by the COVID-19 crisis. The funds will be available through three programs: For more information, visit the Pennsylvania Department of Community and Economic Development’s website.

The COVID-19 Relief Statewide Small Business Assistance program will provide $225 million in grants. © 1998 - 2020 Nexstar Broadcasting, Inc. | All Rights Reserved. ", Michael Tanenbaum This funding will go a long way to help small businesses, including historically disadvantaged businesses, at a time when they need it most.”. A $225 million grant program will provide economic support to small businesses in Pennsylvania that were heavily impacted by the state's shutdown order during the coronavirus pandemic… Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. Information about how businesses can apply for these grants will be available from the DCED later this week, a Wolf spokesperson said. Funds will be distributed by the Department of Community and Economic Development to a series of 17 Community Development Financial Institutions, which will then administer grants to businesses in need. The second round of funding eligibility is open starting today through Aug. 28. This material may not be published, broadcast, rewritten, or redistributed. WASHINGTON (NewsNation Now) — Dr. Deborah Birx, global health expert and member of the White House Coronavirus Task Force spoke one-on-one with NewsNation anchor Marni Hughes Wednesday. $100 million for the Main Street Business Revitalization Program for small businesses that experienced loss as a result of the governor’s March 19 order relating to the closure of all non-life-sustaining businesses and have or will incur costs to adapt to new business operations related to COVID-19; $100 million for the Historically Disadvantaged Business Revitalization Program for small businesses that experienced loss as a result of the business closure order, have or will incur costs to adapt to new business operations related to COVID-19, and in which socially and economically disadvantaged individuals own at least a 51% interest and also control management and daily business operations. Applications will be prioritized and selected for funding based on the program’s criteria. "We know how important it is to support the smallest, most vulnerable businesses throughout the commonwealth, including historically disadvantaged and main street businesses. "As we continue to navigate the COVID-19 pandemic and shift our focus toward reopening our commonwealth, we need to help all Pennsylvanians recover," Gov.

"We need to provide assistance for those who were hurt by the pandemic and the resulting economic downturn. There are three different programs available to provide grants to eligible businesses.

The first application window will stay open for 10 days, and applications after 10 days will be considered for future rounds of funding. "We are pleased to work with the governor on the COVID-19 Relief Statewide Small Business Assistance program to provide economic opportunities for those affected by the COVID-19 pandemic," said James Burnett, vice chairman of the Pennsylvania CDFI Network. This is not a first-come, first-served program. • $25 million for the Loan Payment Deferment and Loss Reserve Program, which will allow the CDFIs the opportunity to offer forbearance and payment relief for existing portfolio businesses that are struggling due to the impact of COVID, as well as shore up the financial position of the CDFIs that are experiencing significant increased defaults in their existing loan portfolios. Tom Wolf says $96 million in state grants have been given to more than 4,900 small businesses across the state that were impacted by the coronavirus pandemic. The COVID-19 Relief Statewide Small Business Assistance program will provide $225 million in grants, ranging from $5,000 to $50,000 for eligible … Tom Wolf. A $225 million grant program will provide economic support to small businesses in Pennsylvania that were heavily impacted by the state's shutdown order during the coronavirus pandemic. The second and final round of funding is open starting today through 11:59 PM on Friday, August 28. To learn more about the program, visit the state’s website here. Eligible applicants not awarded in the first round do not need to reapply and will be rolled into the next round for consideration. The COVID-19 Relief Pennsylvania Statewide Small Business Assistance program will provide grants ranging from $5,000 to $50,000 to small businesses that have been economically impacted by COVID-19. ©2020 CBS Broadcasting Inc. All Rights Reserved. CANFIELD, Ohio (WKBN) - Some people were overpaid unemployment benefits and are required to pay that money back, but a Canfield lawmaker says he wants to give people more time to make those payments.

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The grants are being distributed through three programs: The grants go towards covering operating expenses during the quarantine period and reopening transitions. $25 million for the Loan Payment Deferment and Loss Reserve Program, which will allow the CDFIs the opportunity to offer forbearance and payment relief for existing portfolio businesses that are struggling due to the impact of COVID, as well as shore up the financial position of the CDFIs that are experiencing significantly increased defaults in their existing loan portfolios. “In unprecedented times, like those we are currently facing, collaboration is imperative to getting help to those who need it most, as quickly and effectively as possible,” said Gov. © 2020 WWB Holdings, LLC. Eligible businesses can start applying on Tuesday here. PITTSBURGH (KDKA) — Gov. The second round of funding eligibility is open starting today through Aug. 28; and through the first round, 2,512 grants “were awarded to historically disadvantaged businesses.”, Just announced: $96 million in state grants awarded to small businesses impacted by #COVID19. The COVID-19 Relief Statewide Small Business Assistance funding program is allocated through the state budget.

Mnuchin said on Fox Business Network that the Trump administration would not accept Democrats' proposal for a $2.2 trillion coronavirus aid package, and indicated he wanted a deal closer to $1.5 trillion. The grant program uses a portion of the $2.6 billion in federal stimulus funds Pennsylvania is receiving through the federal CAREs Act. The Wolf administration outlined each in a press release: • $100 million for the Main Street Business Revitalization Program for small businesses that experienced loss as a result of the governor’s March 19, 2020 order relating to the closure of all non-life-sustaining businesses and have or will incur costs to adapt to new business operations related to COVID-19; • $100 million for the Historically Disadvantaged Business Revitalization Program for small businesses that experienced loss as a result of the business closure order, have or will incur costs to adapt to new business operations related to COVID-19, and in which socially and economically disadvantaged individuals own at least a 51 percent interest and also control management and daily business operations. State Rep. Al Cutrona (R-Canfield) has introduced House Bill 771, which halts the collection of unemployment overpayments for the duration of the COVID-19 State of Emergency. AD Small businesses can apply for up to $100,000 in state grants to stay afloat during the coronavirus pandemic, Pennsylvania Gov. PhillyVoice Staff, New Bucks County COVID-19 cases highlight risk of Jersey Shore gatherings, Philly FOP members applaud Inspector Joseph Bologna as he surrenders on assault charges, Frank Rizzo mural in South Philly officially comes down, painted over with blank canvas, Battleship New Jersey reopening with self-guided weekend tours, Check out all the 'Bad Things Happen in Philadelphia' merch after Trump-Biden debate, Greenwood Supper Club begins pop-up at Bok Bar in South Philly, Report: Phillies expected to make ‘inevitable’ layoffs to full-time employees, Women often don't receive aggressive care for heart attacks – unlike men.

The COVID-19 Relief Statewide Small Business Assistance program will provide $225 million in grants, ranging from $5,000 to $50,000 for eligible small businesses.