CONNECTICUT, USA — Editor's note: The video above aired on October 21, 2020
Governor Ned Lamont announced on Thursday, small businesses and nonprofits can begin to apply for the CT CARES Small Business Grant Program.
The dedicated $50 million from CT's Coronavirus Relief Fund, created the new program which will support local businesses that have been affected by the COVID-19 pandemic.
Nonprofits and small businesses that are eligible can receive a one-time $5,000 grant and all of the funds will be disbursed to approved applicants on December 30. In a tweet on November 12, Lamont said small businesses and nonprofits can start to apply by 8 PM that night.
According to the state's website some of the qualifications to be eligible to apply are:
- Businesses must have no more than 20 total full-time employees in 2019 across all of their Connecticut locations, or have total 2019 payroll of less than $1.5 million (annualized).
- Businesses must be able to demonstrate a 20% or more loss in revenue year to date as of September 30th, 2020 compared with the same period in 2019.
- Business must have been established by October 1, 2019 and still be active (as verified by DRS)
To find out more and or to apply, click here.