Photo: The program funding is coming from the 2021 American Rescue Plan Act

The Town of Belmont, through the use of American Rescue Plan Act (ARPA) funds, has established the COVID-19 Small Business Grant program which will provide up to $10,000 to assist in the stabilization of existing small businesses in Belmont which experienced significant business disruption and losses due to the Covid-19 pandemic.

This grant program will provide funds to assist eligible businesses cover wages, rent, loss of inventory, and other fixed costs not already compensated by other federal COVID-19 financial assistance or relief programs.

Eligible applicants must be a for-profit business with 2 to 35 employees that provides goods or services to multiple clients or customers and have a physical commercial establishment within the Town of Belmont. In order to be eligible businesses must have experienced a loss of revenue of 50 percent or more since March 10, 2020, due to the COVID-19 Pandemic. Businesses must not have outstanding tax liens, legal judgements, outstanding utility bills, and are not otherwise subject to denial of a permit as detailed in Chapter O, Revocation or Suspension of Local Licenses, of the General Bylaws of he Town. The following business categories of businesses are considered ineligible: independent contractors, check cashing agencies, banks, gas stations and liquor stores. Ineligible applicants also include national or regional chain businesses (11 or more).

Highlights in the GRANT PROGRAM

Aug. 8: Grant applications released.

Sept. 15: Initial grant deadline. Applications received after this date may be considered depending on availability of funding.

Dec. 8: Complete Review of Applications.

Dec. 19: Initial grant award notifications

For more information, contract Gabriel S. Distler, Staff Planner, Planning Division, 617-993-2666.