EDIC To Offer Small Business Grants Of Up To $10,000

By Brad Cole, Falmouth Enterprise

The Economic Development and Industrial Corporation has authorized spending $7,800 to purchase a program by Neighborly Software to assist with the administration of the Community Development Block Grant program.

The EDIC has $160,000 available through the small business grant program. In order to be eligible for a grant, a small business must have five or fewer employees, with the owner making no more than 80 percent of the area median income. Businesses can receive up to $10,000 in grant funding.

“We began looking at some of the mechanisms for the intake of applications with online applications, like some of the other communities are doing, and also accepting supporting documentation,” EDIC executive director Michael DiGiano said at the corporation’s meeting on January 12. “With these applications, that often involves people’s income tax returns and other sensitive financial information, which requires secure links to accept those documents.”

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