To assist local small businesses during the pandemic, Middlesex County is implementing a new round of funding in its CARES Act Small Business Relief Grant (MC-SBRG) program which utilizes federal CARES Act funding. These grants will serve to reimburse costs and loss of revenue associated with adopting business operations in a post-COVID-19 environment.
The County intends to disburse a total of $30 million in grants for loss of revenue, verifiable expenses incurred, and/or continuation of services through this latest round of CARES Act Funds.
So far, the county has awarded more than $3 million to more than 120 local businesses since the first round of funding in October.
Funds are available on a first-come, first-serve basis and capped at a total funding amount of $30,000 per application.
All applicants must submit applications that meet the following criteria to be eligible for the grant:
Independently or family-owned businesses with no more than 50 employees
Documented business interruption as a result of the COVID-19 pandemic and related emergency declaration, resulting in financial loss.
Businesses must have been opened prior to December 31, 2019 and operating on March 1, 2020
Must be a Sole Proprietorship, LLC/LLP, S-Corporation, Corporation, Non-profit* or Partnership (*Non-profits only eligible for reimbursement of increased incurred expenses, not loss of revenue.)
Active businesses physically located in Middlesex County, with a net annual business income of less than $1,000,000 based on their 2019 federal tax return
Click here to learn more about the grant. If you think your business is eligible, you can create an account and apply here.
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