Some small businesses in Greenville will have the chance for financial assistance from the City through the American Rescue Plan Act Small Business Assistance Program.
The program, which was approved on February 6, 2023, assists small businesses in development, growth, and continued recovery from the COVID-19 pandemic. There is $400,000 of ARPA funds appropriated for the program with as much as $50,000 being awarded to each selected small business that meets certain requirements.
Designed to provide support for startup businesses and existing businesses that were disproportionately impacted by the pandemic, the small business assistance program could cover building rehabilitations, up-fits, or expansions, facade improvements or the purchase of equipment among other things.
To qualify for the assistance, a business must:
- Be within the city limits
- Be located in a qualified census tract as identified by the U.S. Department of Housing and Urban Development (HUD).
- Be independently owned and operated with five or fewer locations and 100 or fewer employees.
- Be in good standing with federal, state, and local government(s)
- Not have gross sales that exceed $5 million.
The City has also established a scoring system to rank applicants based on financial document reviews, budget projections, previous assistance, and credit and background checks.
More information about the application process will be released in March of 2023. For more details, contact the City of Greenville at (252) 329-4518.