Federal rescue funds available to businesses, nonprofits
SPRINGFIELD – In an effort to support residents and their businesses, the city has issued a call for tenders, or RFP, for businesses and nonprofits. American Rescue Plan Act money is available for those who have not received funding in the past.
Samalid Hogan, Western Regional Director of the Massachusetts Small Business Development Center, shared a YouTube video in English and Spanish explaining the process. It is available online at youtu.be/eAvZCd1Jjbs
According to the website, springfield-ma.gov/finance/arpa, proposals are available for the following categories: non-profit aid, small business aid, elderly aid, neighborhood / household aid, capital projects / public space improvements, job creation / economic development and redevelopment of housing.
Grants are available for new and existing businesses, and nonprofit organizations.
The city received $ 123.8 million in American Rescue Plan Act funding as part of the $ 350 billion federal funding intended for direct aid to state, local and tribal governments.
The city is accepting applications until November 1, 2024, but Hogan said even if everyone has time to apply, funds could run out.
Among the eligibility criteria, individuals must provide as much specific evidence on the severity of the negative economic and / or health impacts that their businesses have had as a result of COVID-19, as well as show how the funds will offset those impacts.
A covering letter is required for submission with the proposal along with the specific form to be completed depending on the type of proposal.
Hogan said, “Before submitting an application, you should make sure that all taxes are up to date and that you don’t owe the city, state, or federal money.”
The MSBDC office offers to help people revise their proposal before submitting it by making an appointment by calling (413) 577-1768.
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