LISC Rhode Island, in partnership with various City and State agencies, as well as private funders, is offering several
COVID-19 Recovery Programs to aid in small business resiliency and rapid recovery in Rhode Island.
Please scroll down to see all programs and click through for more information:
Micro-Enterprise Grants for Providence
This Fund is now open. Applicants must first complete a pre-screening questionnaire in English? or in Spanish. For more information on qualifications click here.
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.
LISC Small Business Relief Grants
Small businesses across the country, the backbone of our nation’s economy, are facing potentially devastating economic pressure as a result of the Covid-19 pandemic. Financial assistance at this critical time can make the difference between staying in business, or closing permanently. Thanks to support from a variety of funders, we are providing grants to small businesses to help them keep functioning and remain vital facets of their local economies. Please check herefor updates.?Click hereto read about past grantees.
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