WESTBOROUGH – The town’s Economic Development Committee is offering grants to small businesses financially impacted by the COVID-19 pandemic.
The Small Business Recovery Program, funded through the American Rescue Plan Act (ARPA), will offer grants of up to $5,000.
These grants can be used toward rent of mortgage payments; utility payments; payroll or employee benefits; insurance; marketing costs; or COVID-19-related expenses.
“We want to try and help smaller businesses,” said Mark Zepf, the town’s economic development coordinator. “That $5,000 might help you get through that month, help you pay two-three bills. This might make the difference.”
To be eligible, a business must be located in Westborough; demonstrate the pandemic’s negative impact to the business; have fewer than 35 full-time employees; have less than $1.5 million in annual revenue; have started operating in town no later than Jan. 1, 2020; and be in good standing with the town.
“The rules are pretty simple,” said Zepf.
According to Zepf, because the funds are coming from a federal source, applicants are required to show proof of financial hardship during the pandemic.
Applications will be accepted through Feb. 28. Zepf said the grants could be awarded in mid-March.
“It’s important to get people to apply,” said Town Manager Kristi Williams.
To apply or for more information, contact Zepf at [email protected], or call 508-871-5220. You may also visit the Economic Development Committee page on the town’s website, www.westboroughma.gov.
