The City of Bradford will be accepting applications until Jan. 29 for the Small Business Stabilization program, which will provide microgrants to businesses impacted by Covid-19.

Anita Dolan, community/economic development manager with the Office of Economic and Community Development, said, “The grant program will provide direct funds to small businesses affected by the closures and capacity restrictions of Covid-19. The funds are targeted to assist businesses that really need the financial help and did not qualify or receive funds from other grant programs. The Small Business Stabilization program will certainly help with emergency cash flow needs.”

Funding for the program is being provided by the U.S. Department of Housing and Urban Development – CARES Act. Approximately $160,000 in CARES Act funds are available to be distributed through the microgrant program. Eligible businesses must be for-profit entities with under $1,000,000 in annual gross revenue and employ less than 25 people. The $5,000 microgrant can be used for lease/mortgage payments, utilities, payroll, outstanding vendor invoices and real estate taxes.

Dolan added, “Small businesses are significant economic drivers within the Bradford community, so it is important that we support them with much needed critical funding.”

Businesses located within the City of Bradford are eligible to apply. Priority funding will be given to businesses located within the City’s Central Business District and surrounding area. For more information, contact Anita Dolan at the Office of Economic and Community Development at adolan@bradfordpa.org or go to the OECD website at www.bradfordpa.org