COVID-19 Relief Statewide Small Business Assistance

COVID-19 Relief Statewide Small Business Assistance Guidelines Contact Us COVID-19 Small Business Grant Recipients BARBERSHOPS & BEAUTY SALONS FUNDING: The Commonwealth of Pennsylvania has made new funds available to assist image/hair care professionals recover from the pandemic. Funding will be available to barbershops and beauty salons across the Commonwealth that previously applied to the Pennsylvania COVID-19 Relief Statewide Business Assistance program. No new applications will be accepted . Qualified businesses that listed NAICS codes: 812111 or 812112 for barbershops and beauty salons on the grant application, will be notified in fall 2021. Overview The COVID-19 public health crisis has impacted every Pennsylvanian in every community. The recently enacted state budget includes $2.6 billion in federal stimulus funds through the Coronavirus Aid, Relief, and Economic Security Act (CARES). Within this allocation, the Department of Community and Economic Development has been allocated $225 million for COVID-19 relief to small businesses through a distribution to Community Development Financial Institutions (CDFIs). 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. This is not a first-come, first-served program. In order to get funds to businesses in need as quickly as possible, the second application window will be the final opportunity to apply for the program. Uses DCED will distribute the funding to the Pennsylvania CDFI Network, which will then administer the funding in the form of: Grants to cover operating expenses for the duration of the shutdown and the transition period to re-opening Grants to cover technical assistance, including training and guidance, for business owners as they stabilize and relaunch their businesses Debt payment relief for CDFI Pennsylvania borrowers Loan loss reserves for CDFIs The f