BUSINESS STABILITY FUND PROGRAM
The Canton Business Stability Fund was established to provide limited, one-time direct financial assistance to eligible Canton small businesses that employ 25 or fewer employees and that have been adversely impacted by the COVID pandemic. The Program is funded through the American Rescue Plan Act (ARPA) grant funds. The Program is intended to help small businesses and nonprofits recover from the public health emergency and become stronger in the current marketplace. The total amount of funding available for this round is $50,000. It is anticipated that there will be a future round of similar funding.
Eligible businesses may apply for grants of up to $15,000. Funding is limited and it is anticipated that requests for assistance will be greater than funding on hand. Not all businesses approved for participation will receive the maximum amount. If awarded, the amount will be based upon the documented need of the business.
Businesses must have a clear and specific use for grant funds and demonstrate that such funds will be used exclusively for future expenditures directly related to the COVID pandemic.
Listed below are some of the uses that these funds can be used for. This is not an exhaustive list and other uses will be considered.
• Payroll costs
• Mortgage
• Rent
• Utilities
• Operational expenses
• Worker protection expenditures
• Costs associated with the compliance of public health measures
• Specific investment to enhance the viability of the business
• Construction of an outdoor dining area
• Innovative business or business community marketing program
• Workforce training or recruitment program
For a complete copy of the business stability fund guidelines and PDF fillable application please click the links below.
• BUSINESS STABILITY FUND PROGRAM GUIDELINES
• BUSINESS STABILITY FUND PROGRAM APPLICATION
Applications will be accepted from April 1, 2022 to May 13, 2022. Applications can be sent to the Chief Administrative Officer at 4 Market Street, P.O. Box 168, Collinsville, CT 06022-0168 or emailed to rskinner@townofcantonct.org.