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Posted on: February 5, 2024

HISTORICALLY DISADVANTAGED BUSINESSES - GRANT FUNDING

Gov. Shapiro

Grants ranging from $2,500 to $10,000 will be awarded to historically disadvantaged businesses that were in operation on or before March 17, 2020, and were impacted economically by COVID-19. All applications submitted between February 5 and February 23, 2024, will be considered for funding.

The Pennsylvania Community Development Financial Institutions (CDFI) Network will manage the funding grant awards to historically disadvantaged small businesses, which are defined through this program as minority businesses generating annual revenues of $1 million or less and employing fewer than 25 full-time equivalent employees.

Additional program priorities are in place for small businesses located within low-income census tracts, high-crime municipalities, and are located in the following designated areas: Commercial Corridors (Philadelphia)Neighborhood Business Districts (Pittsburgh)Allegheny Together Communities (Allegheny County) and active Main Street Program areas (statewide).

These ARPA grant funds may be used for, but are not limited to: working capital, inventory, equipment, safety and security equipment, marketing, and costs to support the ongoing operation of the business.

An additional $8.5 million in ARPA funding will be provided for technical assistance and business development through the CDFIs and other partner organizations.

Before beginning an application, potential applicants should visit the PA CDFI Network’s program landing page to review the program guidelines, connect with technical assistance partners, Frequently Asked Questions (FAQ), and the link to submit an application.

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