The Town of Middletown today announced that it is participating in the Microenterprise (MicroE) Stabilization Grant Program offered through the state’s Office of Housing and Community Development for small businesses impacted by COVID-19 pandemic.
Community Development Block Grant (CDBG) funds are available to offer grants of $5,000 to qualifying small businesses located in Middletown, according to a press release from the town.
“Funds may be used for working capital to cover business costs, such as rent, staffing, or utilities”, the press release states. “Certain eligibility requirements apply, such as being physically located in the municipality that would handle your grant application; being established prior to January 1, 2019; employing 2-5 people including the owner; being a for-profit entity; and meeting certain low- to moderate- income limits”.
For a complete list of eligibility requirements, a list of businesses excluded from this program, and sample application forms, please visit the Planning Department page on the town’s website at www.middletownri.com.
If you are interested in applying for funding through the MicroE Program or have questions, please contact Ron Wolanski, Town Planner, at email@example.com (preferred) or (401) 849-4027. The town says that an application will not be accepted until a phone interview has been conducted with a potential applicant to confirm eligibility.
Middletown is one of several cities and towns participating in this MicroE Stabilization program. For a list of other communities who are processing applications for this program, visit the CommerceRI website at www.commerceri.com.