Small Business Grant Applications Underway

By Brad Cole, Falmouth Enterprise

The Falmouth Economic Development and Industrial Corporation has begun reviewing applications from small business owners seeking funding through the Community Development Block Grant program.

"The last time I looked, we had about four completed applications and we had maybe about 13 in progress," EDIC executive director Michael DiGiano said on Tuesday, March 9. "That was pretty good for the first week of it being open."

Mr. DiGiano and administrator Lynne Broderick are reviewing the applications to make sure they are complete. Completed applications will then be reviewed by a grant committee. Serving on the committee are EDIC board member Michael B. Galasso, Falmouth Chamber of Commerce president Michael D. Kasparian and Mark Lowenstein from SCORE Cape Cod.

Grants of up to $10,000 are available to qualified small business owners. To be eligible for a grant, a business must have five or fewer employees, with the owner making no more than 80 percent of the area median income. Eighty percent of the area median income is $54,150 for an individual, $61,850 for a couple, $69,600 for a family of three and $77,300 for a family of four.

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