Harrisburg -- State Representatives Joe Ciresi (D-Montgomery) and Pam Snyder (D-Fayette/Greene/Washington) are sponsoring a bill that would offer grants to "ultra small" businesses impacted by COVID-19.
The bill would create a $50 million program for businesses that make no more than $3 million per year or employ up to 30 full-time employees.
“Small businesses are the backbone of many of our communities," Rep. Ciresi said. "It is essential that the Commonwealth put extra support toward ensuring that they can continue to thrive once life returns to normal. We cannot forget about our small business owners and their hardworking employees, just as we have not forgotten our largest corporations.”
“These small businesses are the lifeblood of our communities, and we know there are thousands of Pennsylvania small business owners who have been hit especially hard by the economic downturn as a result of the COVID-19 pandemic,” Rep. Snyder added. “We need to do all we can to protect and support these businesses, and I look forward to working with Representative Ciresi to do just that by creating this special grant program.”
The ultra-small business grant program would be available in addition to resources that are already in play, such as SBA loans and the Pennsylvania Industrial Development Authority's Small Business First Fund: COVID-19 Working Capital Access program.
Are you an "ultra small" business trying to get through the COVID-19 shutdown? What measures have you taken to stay afloat? Tell us your story at email@example.com.