TEMPLETON — Small companies in 4 native communities are actually eligible for some reduction from the financial impacts of the pandemic shutdown.
Companies in Templeton, Winchendon, Phillipston and Athol can apply for as much as $10,000 in grants for documented COVID-19-related losses incurred because the declaration of a state of emergency in Massachusetts in March.
“These grants are very welcome,” mentioned Winchendon Director of Planning and Growth Tracy Murphy, including that city officers had reached out to a number of native companies to get a way of how wanted monetary reduction was in the neighborhood. “We’ve had most likely a half a dozen companies which have persistently referred to as us to test on the standing of (the grants), and we’re hoping they’re going to assist hold a few of our companies viable.” Murphy mentioned the vast majority of companies inquiring in regards to the grants have been eating places within the city.
“I believe all companies in north central Mass. have been having a tough time in the course of the pandemic — enterprise has been down usually,” mentioned Phillipston Chief Administrative Officer Kevin Flynn. “And so the chance for any sort of help is welcome.”
The Microenterprise Enterprise Help Program is funded by a regional Group Growth Block Grant awarded to the 4 cities, with Athol answerable for managing the grant.
“The economics of the pandemic proceed to problem small companies, that are the spine of our communities,” mentioned Athol City Manger Shaun Suhoski, including that eligible companies ought to reply promptly. “We’re grateful for this wanted help and for the collaboration of our neighboring communities.”
Linda Overing, the administrator of this system, mentioned the suggestions that officers acquired from the group signifies that many small companies within the space are nonetheless feeling the impacts of the shutdown.
“A lot of them needed to shut or scale back hours, providers, (or) change their mannequin. They have been indicating to us that issues have been nonetheless financially difficult,” she mentioned. “And it appears to us that for a lot of small companies issues should not again to the traditional that we knew earlier than the pandemic. And now that we’re going into the winter months, issues will get much more difficult.”
Eligible companies should be situated in one of many 4 communities and meet minimal necessities for the variety of staff and proprietor revenue. The companies can have as much as 5 staff, together with the proprietor, on the time of utility. The proprietor will need to have a household revenue of equal to or lesser than 80 % of the median household revenue for his or her city.
NewVue Communities, a nonprofit group growth company headquartered in Fitchburg, will help with the administration of this system. NewVue has in depth expertise in offering help to small companies in northwest Worcester County, together with pandemic reduction packages corresponding to PPP (Paycheck Safety Program) and EIDL (Financial Damage Catastrophe Loans), in response to officers.
NewVue employees will information companies focused on this system by the applying course of whereas offering data on different sources of funding or technical help that could be out there.