The COVID-19 Relief Pennsylvania Statewide Small Business Assistance program will provide grants ranging from $5,000 to $50,000 to small businesses that have been economically impacted by COVID-19. Neighborhood Progress Fund is one of 17 Community Development Financial Institutions (CDFIs) chosen to administer and distribute the funds to businesses in need.
The second application window will open on August 10th and will remain open until 11:59 PM on August 28th.
If you applied during the first application window you do NOT need to reapply in the second round. You should receive notification of your application status by August 10th. Qualified applications will be automatically rolled over into the next funding round for consideration.
If you haven’t yet applied, get your applications in Round 2! In order to get funds to businesses in need as quickly as possible, the second application window will be the final opportunity to apply for the program.
To be eligible to apply, a business must:
Be based in Pennsylvania
Have annual revenue below $1 million
Have 25 full-time employees or less
Have a business start date prior to February 15, 2020
Additional Eligibility Information
To be eligible, a business must:
- Be physically located, certified to do business, and generate at least 51% of their revenues in Pennsylvania;
- Have annual revenue of $1 million or less prior to the impact of COVID-19; and
- Have 25 or fewer full-time equivalent employees prior to February 15, 2020
At a minimum, ineligible entities include:
- Businesses that are not physically based in Pennsylvania
- Businesses that are in active default (not on a payment plan) with taxes or fees owed to the Commonwealth or IRS
- Non-Profits, Churches and other religious institutions
- Government-owned entities or elected official offices
- Businesses experienced NO revenue loss and additional cost due to COVID-19
The Program will prioritize small businesses that are:
- Owned and operated by low and moderate-income people; or
- Located in areas of need including areas with a population having incomes significantly below the median income level, high levels of poverty, higher than average unemployment rates, or significant population loss.
- Types of businesses that were most impacted by the economic shutdown and experienced the greatest revenue losses.
The amount of grant funding ranges from $5,000 to $50,000. Businesses are eligible based on their annual revenues as documented in their most recent tax return
In addition, the program will give additional consideration to the following factors: women-owned businesses, communities targeted for business investment by state government programs like Main Street and Elm Street, and rural communities.
At least 50% of the grants to small businesses will be awarded to Historically Disadvantaged businesses. Historically Disadvantaged businesses are at least 51% owned and operated by persons who are Black, Hispanic, Native American, Asian American, or Pacific Islander because they have traditionally been discriminated against and disadvantaged when seeking financial services and financial products.
The program will ensure that grant funds are awarded to small businesses located across the Commonwealth of Pennsylvania.