{"id":11878,"date":"2020-06-30T15:51:42","date_gmt":"2020-06-30T20:51:42","guid":{"rendered":"https:\/\/wordpress-554711-3878790.cloudwaysapps.com\/insights\/wolf-announces-grants-for-small-businesses-and-cdfis\/"},"modified":"2024-01-31T19:34:08","modified_gmt":"2024-01-31T19:34:08","slug":"wolf-announces-grants-for-small-businesses-and-cdfis","status":"publish","type":"post","link":"https:\/\/hbkcpa.com\/wolf-announces-grants-for-small-businesses-and-cdfis\/","title":{"rendered":"Wolf Announces Grants for Small Businesses and CDFIs"},"content":{"rendered":"
\r\n

Information updated as of June 30, 2020.<\/em><\/p>\n

The application process to receive grants for small businesses opens today, June 30, 2020.<\/p>\n\n

The first application window will remain open for ten days. Applications will continue to be accepted after 10 business days but will be considered for future rounds of funding, as this is not a first-come, first-served program. Applications will be prioritized and selected for funding based on the program criteria.<\/p>\n

The Department of Community and Economic Development (DCED) will distribute the funds to the Community Development Financial Institutions (CDFIs), which will then administer the funding in the form of grants.<\/p>\n\n

https:\/\/pabusinessgrants.com<\/a>\/<\/p>\n\n\n

On Tuesday, June 8th, Pennsylvania Governor, Tom Wolf, announced a $225 million grant program to assist small businesses in their recovery from COVID-19. <\/p>\n\n

The money will be distributed by the Department of Community and Economic Affairs through community development financial institutions (\u201cCDFI\u201d) such as credit unions and non-profit loan funds. The money can be used to cover operating expenses, train employees or pay debt as businesses transition to reopening. <\/p>\n\n\n

The funds are available through three programs:<\/p>\n\n