Small Business Grant Program Could Begin Next Week

By Brad Cole, Falmouth Enterprise

Small businesses could soon be able to apply for funding through the Economic Development and Industrial Corporation’s small business grant program.

“Bottom line is we’re expecting it will go live next week,” EDIC Executive Director Michael DiGiano said on Tuesday, February 9.

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.

“Those are grants, and they don’t need to be paid back,” board member Michael B. Galasso said. “They can be used for things such as rent, utilities, the cost of PPE or other things related to COVID-19. It’s a good complement to help our small businesses survive through the winter and be able to reopen during the summer.”

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