Officials highlight final phase of COVID-19 small business grant program in Norwalk

Lt. Gov. Susan Bysiewicz will be in Norwalk these days, to examine how small enterprises can implement for the final period of the city’s COVID-19 grant application.

Bysiewicz will be joined by Mayor Harry Rilling outside the house an artwork gallery later this morning. The owner was awarded COVID recovery cash, during the next stage of the system. She will chat to Information 12 about how the funding has assisted her business.

As for the closing period of the grant program, for-financial gain companies located in Norwalk can apply. The corporations have to have two to 20 employees, and they should be in a position to demonstrate they have been negatively impacted by the pandemic.

Officers say 50 grants are accessible, and $375,000 will be awarded between the companies that are selected. Officers say the money can be utilised for COVID restoration, such as lease payments, utility payments, payroll, PPE, and a lot more.

Here is a breakdown of how the money will be divided:

-Corporations with two to five workforce will acquire $5,000

-Organizations with 6 to 15 staff will be awarded $10,000

-Firms with 16 to 20 workforce will be granted $15,000

Enterprises that ended up formerly awarded cash can apply once more, but only if the quantity they’re qualified for this time all around is higher than the volume they acquired in Phases 1 or 2.

The Connecticut Division of Economic and Group Advancement will critique all programs. Suitable companies will then be picked at random as a result of a lottery procedure.

Officers say considering that the begin of the pandemic, the city has granted $520,000 to practically 70 regional organizations. Much more than 75% of people corporations have been women of all ages or minority-owned.

Norwalk little corporations can apply for the grant dollars via Feb. 17.

For additional facts on the application method, simply click listed here.