Grant Opportunities

SBA Restaurant Revitalization Fund (RRF)

The RRF was established as part of the $1.9 trillion American Rescue Plan Act of 2021, signed into law by President Biden on March 11, 2021, which allocated $28.6 Billion for the SBA to distribute to qualifying restaurants, bars, and similar food and beverage business that suffered revenue losses as a result of COVID-19 and the federal, state, and, local rules and regulations that followed in its wake. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.

The SBA Website includes, among other things, a sample Application and Program Guide.

Program Guide Link
Sample Application Link
SBA RRF Website

Sign up to receive email alerts from SBA as additional information about the Restaurant Revitalization Fund becomes available HERE

COVID-19 Economic Injury Disaster Loans (EIDL)

In response to the Coronavirus (COVID-19) pandemic, small business owners, including agricultural businesses, and nonprofit organizations in all U.S. states, Washington D.C., and territories can apply for an Economic Injury Disaster Loan. The EIDL program is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to coronavirus (COVID-19). SBA is currently accepting new Economic Injury Disaster Loan (EIDL) applications from all qualified small businesses, including agricultural businesses, and private nonprofit organizations.

If you have already applied via the streamlined application portal, please do not resubmit your application.

CLICK HERE to apply

Microenterprise Grant

A $4,950,000 grant from the Department of Housing & Community Development to assist small businesses in 23 cities and towns across the Metropolitan Boston Region is now available.  In addition to Ashland, the other communities that are part of the coalition include: Beverly, Burlington, Canton, Concord, Dedham, Essex, Lexington, Manchester by the Sea, Marlborough, Melrose, Milton, Natick, North Reading, Norwood, Randolph, Reading, Sharon, Southborough, Stoneham, Watertown, Winchester or Woburn.

The funding is being made through the competitive Community Development Block Grant Program being utilized to address emergency needs in light of the Coronavirus pandemic. This funding will support small businesses affected by the recent outbreak. 

Specifically, the grant award for Ashland and the other 22 communities will be utilized to award individual grants of up to $10,000 for microenterprise businesses. A microenterprise is defined as a commercial enterprise that has 5 or fewer employees, 1 or more of whom owns the enterprise and must be a for-profit entity. Business type exclusions to the grant include: Real estate rentals/sales businesses, businesses owned by persons under age 18, businesses that are chains, liquor stores, weapons/firearms dealers, lobbyists or Cannabis-related businesses.

As the lead community for the regional effort, the Town of Ashland will work closely with the Massachusetts Growth Capital Corporation (“MGCC”) to administer and oversee the grant program.  

TO APPLY  CLICK HERE to access the online application.

Employment & Workforce Development

An additional $54 million is available to support workforce recovery efforts through existing programming such as the Skills Capital Grants program, the Workforce Competitiveness Trust Fund, and the Workforce Training Trust Fund.

Life Sciences

$62 million in existing capital funding through the Massachusetts Life Sciences Center, the Massachusetts Technology Collaborative, and MassVentures is available to support recovery and growth.