Philadelphia recently announced it is allocating an additional $20 million from federal Coronavirus Relief Funds to the COVID-19 Relief Pennsylvania Small Business Assistance program.
Pennsylvania’s Community Development Financial Institution network will distribute the funds in the form of grants to Philadelphia businesses in low- to moderate-income neighborhoods.
“Philadelphia’s small businesses are crucial to the health and well-being of our communities, providing tens of thousands of jobs for residents, along with countless goods and services,” Mayor Jim Kenney said. “While the COVID-19 pandemic continues to affect everyday life, we recognize that additional support is needed for our small businesses, and that is why the City has prioritized such relief. This $20 million for grants will be deployed as quickly as possible to prevent closures and protect jobs, and our administration will continue to advocate for the state and federal governments to match the level of local investment being made to help meet the needs of small businesses impacted by COVID-19.”
The program launched in June and was awarded its first round of grants in August. A total of 1,123 businesses received $20.4 million. The grant recipients for the second round will be announced this week.
The city also distributed more than $13.3 million to small businesses earlier this year.
The U.S. Internal Revenue Service (IRS) recently awarded Pittsburgh-based Eaton, an intelligent power management company,…
The Pennsylvania Public Utility Commission (PUC) recently voted to investigate FirstEnergy Pennsylvania Electric Co.’s proposed…
Continuing and Community Education at Penn State DuBois recently announced it has partnered with Workforce…
The U.S. Environmental Protection Agency’s (EPA’s) newly announced suite of final rules to reduce pollution…
KMM Group, a collaborative of three companies, KV Inc., M&S Centerless Grinding, and Meron Medical,…
A six-bill package recently introduced in the state House of Representatives would lay the groundwork…
This website uses cookies.