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$2.5 Million in Small Business Emergency Grants Awarded

$2.5 Million in Small Business Emergency Grants Awarded

Mayor Thomas P. Koch and the Department of Planning & Community Development are pleased to announce that the City’s Small Business Emergency Grant Program has awarded 376 small business owners with a combined total of nearly $2.5M in grant funds to help pay for rent, mortgage, and other operating expenses during this time of need.

The program was funded through an appropriation authorized by Congress under the CARES Act, with almost $1.1M coming from the Community Development Block Grant program, which is administered by the United States Department of Housing and Urban Development (HUD).

The Small Business Grant Program was established and launched by Mayor Koch on April 30 to assist in the stabilization of existing small businesses within the City that have had significant business disruption due to the impact of COVID-19. Applications were accepted through May 15, and checks were mailed to grant recipients this past Friday, June 5. These grant funds will assist small businesses in the City to cover the unexpected loss in revenue due to the State’s mandate to close all but essential businesses during the height of the pandemic.

“Small businesses are truly the economic engine in our great City and across the country,” said Mayor Koch. “I am truly grateful to Congressman Stephen Lynch for his support in making these federal funds available in Quincy, and I hope these grants are able to provide local businesses with some level of financial relief as we work together to fully reopen the economy.”