01/10/2021
Current Grant Opportunities & Awards
City of Lowell Small Business Emergency Relief Grant – Round 2
The City of Lowell Economic Development Office is distributing $500,000 to businesses that have encountered financial hardship due to the COVID-19 pandemic. Grant awards of up to $5,000 are available to eligible businesses. Technical Assistance is available in Spanish, Khmer, and Portuguese. Application Deadline: Friday, January 22, 2021 at 12pm.
Eligible businesses can apply online at: lowellma.gov/smallbusinessgrant2
City of Lowell Golden Mask Award
Throughout the COVID-19 crisis, countless Lowell businesses have strictly enforced public health protocols in order to keep their customers and employees safe. The Economic Development Office is working with Development Services and recognizing those that have gone above and beyond through the new Golden Mask program. Know a business that follows the rules? Nominate them today at: lowellma.gov/goldenmask
Massachusetts Growth Capital Corporation Grant (up to $75,000!)
The Commonwealth of Massachusetts has made an additional $668 million available to support businesses through new and existing programs. Massachusetts Growth Capital Corporation (MGCC) will target a portion of these funds to sectors experiencing the most significant economic hardship and a loss of revenue due to the COVID-19 pandemic.
Preference will be given to the following sectors: Restaurants, caterers, bars, food trucks, indoor recreation or entertainment establishments, gyms, fitness centers, nail salons, barbershops, event support companies, and independent retailers.
Application deadline: Friday, January 15, 2021 at 11:59 PM. Click below to see if your business is eligible for this opportunity: https://www.empoweringsmallbusiness.org/
SBA and Treasury Announce PPP Reopening
The (SBA), in consultation with the Treasury Department, announced that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers.
Learn more about guidelines here:
https://www.lowellma.gov/1416/The-CARES-Act-Paycheck-Protection-Progra
Also, Barstool Sports has launched the Barstool Fund to help struggling businesses due to the coronavirus pandemic. More than $20 million has been raised to assist small businesses until they can get back on their feet.
Application: https://barstool.typeform.com/to/fbCSK7GZ