Atlantic City Introduces Small Business Grant Program to Aid Recovery

Hand writing 'SMALL BUSINESS' in bold letters for small business grant.

Atlantic City Launches Essential Small Business Grant Program

In an effort to support its vibrant local economy, Atlantic City has announced a new initiative aimed at helping small businesses recover from the ongoing challenges of the COVID-19 pandemic. The Small Business Grant Program offers grants of up to $10,000 to eligible local businesses, providing much-needed working capital during these uncertain times.

Program Specifics: Who Can Benefit?

This new program is designed for small businesses within Atlantic City, including those in retail, restaurants, entertainment, and nonprofessional services. To qualify, businesses must have had no more than 10 employees as of December 31, 2019, and must demonstrate a benefit to low- and moderate-income individuals. This targeted assistance underscores Atlantic City’s commitment to fostering economic resilience and community support.

Navigating Eligibility Requirements

An important aspect of the program is its focus on job retention and creation. Businesses applying for the grant must commit to retaining or rehiring at least one permanent employee, lending a helping hand to those trying to rebuild their workforce. It’s crucial for applicants to be aware of the eligibility criteria and to prepare accordingly to ensure they make the most of this opportunity.

How to Apply and Important Dates

Applications for the Small Business Grant Program are open until April 1, and interested businesses can submit their applications through the provided email address: edaou@triadincorporated.com. To help navigate the application process, an informative webinar will be held on January 22, at 2 p.m., offering guidance and answering questions from potential applicants. This program is not just an opportunity; it's a lifeline for small businesses seeking to regain their footing.

Why This Initiative Matters

The launch of this grant program is a crucial step towards revitalizing Atlantic City’s commercial landscape. By offering financial support directly to small businesses, the city is fostering a more robust local economy. For many business owners, this grant could mean the difference between surviving and thriving in a post-pandemic world.

Looking Ahead: The Future of Small Business in Atlantic City

As Atlantic City implements this initiative, the ripple effects could encourage a stronger sense of community and solidarity among businesses. By investing in local enterprises, the city not only supports job creation but also enhances the overall quality of life for its residents. This proactive approach is essential for ensuring that small businesses flourish well into the future.

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