rhode island small business grants
Fax: 401-273-8270 Funds may be used for working capital to cover business costs such as rent, staffing, and utilities. The grant recipient may use the proceeds for costs and expenses due to the business interruption or other adverse conditions caused by the COVID-19 pandemic. Full eligibility requirements can be found by clicking here. It’s a $20 million competitive grant program that “aims to prevent the closure of arts, culture, hospitality and tourism businesses and institutions while also building resilience to shifts caused by the COVID-19 pandemic.”. Sole proprietors and businesses without employees or contractors (1099s) may now apply. The primary source of funding during COVID-19 are the U.S. Small Business Administration Economic Injury Disaster Loans and the Paycheck Protection Program (PPP). All awarded funds must be spent by December 30, 2020. You’ll likely have a choice of intimidating government websites — and the time consuming paperwork that comes with them — or private sites that seem shady. Applicants are advised to complete required registrations well. Funding is intended to ensure that activities to acquire metals, gemstones, and corals for design use do not have an adverse impact on the area of origin. Consideration will be given to proposals for either a, Opportunity to enter a contest for USA and Canada nonprofit organizations and registered charities in multiple states and provinces to support community gardening projects. What is it? Eligible organizations are those that address the areas of community and public affairs; arts and culture; health; education; and basic needs and community development. ), Supplies or equipment (such as cleaning supplies, masks, gloves, hand sanitizer, face shields, etc), Professional services procured (such as the signage design, construction of space adaptations), Inventory (such as food or perishable supplies). "This grant program will provide needed resources to Rhode Island's small businesses, which have been hit hard by the COVID crisis," said Rhode Island Secretary of Commerce Stefan Pryor. Submit an Application. Rhode Island Small Business Grants: Starting and running a small business in Rhode Island can be a risky thing to do. Small business with a storefront located in Ward 5. Permissible uses are: The Restore RI grant program provides grants from $1,500 to $15,000. Applicants in all US, Grants of up to $3,000 to USA and Canada nonprofit organizations for projects to protect wildlife and natural habitats. Provides grants of up to $3,000 to assist small businesses offset the costs associated with preparing a competitive Phase I SBIR/STTR application. Business recovery resources for local government officials in Rhode Island, connecting small businesses to resources, loans, grants, and local incentives to move forward, thrive, and succeed together through the Covid-19 crisis and beyond. Funding is intended for campaigns to save specific species and ecosystems. GRANT NEWS. Here are Rhode Island business grants resources. View Full Grant » NEW. GRANT TRAINING. Enterprise grants must be used on projects to benefit small and emerging businesses in rural areas as specified in the grant application. Of the $20 million total price tag, $10 million will be earmarked to support what’s known as Engagement, Service and Resiliency (ESR) activities. Businesses that require assistance may contact the Rhode Island Commerce Small Business Hotline: https://commerceri.com/your-business-advisor/ I agree to receive grant-information emails. By Rhode Island Commerce Today the Raimondo Administration announced more than 200 grants totaling more than $16 million to Rhode Island’s small businesses and non-profit institutions. The first round for the Small Business Assistance Grant closed January 22, 2021. Rhode Island Small Business Grants With more than $3,609.00 million dollars in grants and additional local government funding sources of $2,310.00 million dollars, the majority of the federal budget in government grants is put into the business sector every year as small businesses and large corporations are the foundation of the economic growth in Rhode Island. Funding is intended to support programs that help dogs whose lives are at risk. There are more than 5,360 businesses or even large corporations file for bankruptcy every year. Our best advice: If you own a small business that could use assistance setting up outdoor activities, review the list of intermediary organizations that have received funding by clicking here. Grants to Rhode Island organizations, industry groups, academic institutions, and individuals for initiatives that advance the marketability of eligible agricultural products across the State. Questions about the Restore Rhode Island grant program can be sent by emailing info@commerceri.com. It’s easy to find sites offering grants to women-owned businesses. Phone: 401-278-9100 The Innovation Voucher program unlocks R&D capacity for Rhode Island small businesses. Applicants must contact the funding source prior to applying. Last day to apply to Restore Rhode Island Small Business Grant Program will be Tuesday, December 8. All applicants must be registered with the Rhode Island Secretary of State, conduct operations within the state of Rhode Island, and have a location that can reasonably accommodate outdoor expansion opportunities. For further information about funding amounts, see the table under Grant Amounts on the URL for Full Text, below. Small business grants available; new RI virus cases rising July 30, 2020 GMT PROVIDENCE, R.I. (AP) — Rhode Island’s lieutenant governor is urging owners of small businesses struggling because of the coronavirus pandemic to apply for a grant to help them recover. Gina Raimondo … ), Technology upgrades (such as website or hardware upgrades, touchless payment system, digital reservation system, etc. In early August, Rhode Island Commerce officially unveiled the Restore RI Small Business Grant Program, a $50 million initiative designed to support local small businesses that were most severely impacted by the COVID-19 crisis. Additional industry-specific requirements can be found by clicking here. The program’s original eligibility requirements limited Restore RI funding to businesses with 10 employees or fewer that can prove they’ve lost significant revenue during the pandemic. Rhode Island Commerce has already announced the list of intermediary organizations that have been awarded Take It Outside funding, which included several Rhode Island cities, towns and municipalities as well as many local chambers of commerce. Below are non-SBA funding resources to assist small businesses in the wake of economic challenges presented by the pandemic. Non-SBA funding opportunities, grants and loans. Restore RI: Helping small businesses & non-profits most affected by COVID-19 . You can learn about those here. The Rhode Island Hotel Arts & Tourism Grant Program (HArT, for short) was announced in late October with a launch date of November 2. See URL for Full Text (RFP) link below for information related to Commerce-led Zoom ‘office hours'. Show a year-over-year revenue loss for Q2 and Q3 of at least 30 percent, Be open for business or have a plan to reopen in the coming months, Demonstrate documented efforts to reduce costs, secure outside funding or otherwise adjust their business in the wake of the pandemic, Commit to maintaining or increasing their current employment. Sample Grants and Business Funding Documents, Glossary of Nonprofit Grant and Funding Terms, Glossary of Business Grant and Funding Terms, See RFP and/or Grant Guidelines for full eligibility, https://docs.google.com/forms/d/e/1FAIpQLSddB45Soh28nyAdXl47Z9Aqjeu8oQ3MEc9m7tKme_9QPDeaNQ/viewform, https://commerceri.com/your-business-advisor/, Rent or mortgage interest payments (rent payments, the interest paid on a mortgage, condo area maintenance fees, and Condo fees are eligible), Utilities (such as gas, electricity, cable/internet, etc. Rhode Island’s microenterprise stabilization grant program is designed to assist small businesses that have been impacted by COVID-19 and left out of federal stimulus programs to-date. To view a list of participating lenders in Rhode Island, please refer to the pdf attachment. Don’t worry. Capital needs may consist of equipment, construction, renovations, the purchase of real property and reduction of mortgage indebtedness. The last day to submit an application for the Restore Rhode Island program is Tuesday, December 8th at 9 PM. According to state officials, ESR activities encompass anything designed to “spur economic activity” and increase access to “artistic and tourist-friendly opportunities.” The program’s remaining $10 million will be distributed in the form of direct financial support for eligible organizations.
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