State Microenterprise (MicroE) Stabilization Grant Program
This program is designed to assist small businesses that have been impacted by COVID-19 and left out of federal stimulus programs. The program offers grants of up to $5,000 to qualifying microenterprises. Funds may be used for working capital to cover business costs, such as rent, staffing, utilities. To qualify, you must be a bona fide business entity with up to five employees in a participating municipality and one or more of the business’s employees must be an owner. The total household income of the business owner must be 80% or less of their area median income (AMI). AMI chart by regionhere. If your business is in a participating town, reach out to the corresponding representative listed here for each town here.
Verizon and LISC Small Business Grant
Verizon is committing $10 million to provide grants to small businesses through LISC. As small business owners across the country continue to face uncertainty amid the ongoing effects of the COVID-19 pandemic, this grant opportunity will support recovery and aid in survival through the pandemic and beyond. The next round is open Feb. 8 and 9. Click here to register for updates
LISC Rhode Island, in partnership with the Rhode Island Department of Human Services, will administer a $5M fund for child care providers who have been impacted by COVID-19. The fund, made available through the CARES Act, will address small capital projects necessary for child care providers to reopen under new guidelines from DHS and the CDC. Funds also will be available to offset costs incurred due to the shutdown. For more information, click here