Richmond Recovers II provides grants for small businesses
The City of Richmond announced the launch of the Richmond Recovers II Grant Program for small businesses. The program is funded with $2 million from the city’s CARES Act appropriation and will be administered by the Economic Development Authority of the City of Richmond. This new grant program comes on the heels of the Richmond Recovers Grant Program which has approved 260 grants totaling $2.79 million. “Small businesses are the backbone of our local economy, and COVID-19 continues to impact them disproportionately,” said Mayor Stoney. “This funding is not nearly enough to solve the problem, but it will help. We will continue to work to secure more support from the federal government until Richmond has fully recovered.” Grants in the amount of $15,000 will be awarded to small businesses. Grant funds can be used to reimburse the costs of employee wages including the cost of benefits; rent and utilities for commercial workspaces; PPE and cleaning supplies; E-commerce expenses; and