- Published: Wednesday, March 02, 2022 04:23 PM
Dear friend,
Over the past few months, I’ve been working with community leaders and fellow lawmakers to lend a hand to those struggling as a result of the COVID-19 pandemic and recent civil unrest.
As I’m sure you’re aware, these events have hit our small business community particularly hard—but there is help available.
The Business Interruption Grants (BIG) program is a series of grants totaling over $540 million for shops, restaurants, salons, fitness centers and more to help them stay afloat through this time of crisis and ensure they have the resources to open safely in the coming months.
The first round of BIG funding will award $60 million to 3,500 businesses. Here’s how those funds will be distributed:
- Businesses in disproportionately impacted areas will receive $20 million in grants to offset the cost of recent property damage.
- The program will award 1,000 grants of $20,000 each to businesses who have suffered property damage in recent weeks.
- Businesses must have been operating for at least three months prior to March 2020 and must have brought in less than $2 million in revenue in 2019.