New London Receives Funding For Small Business Application

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NEW LONDON, CT – The Town of New London Place of work of Group and Economic Advancement has announced the second stage of its Small Company Crisis Aid Grant (SERG) program to supply money aid to small corporations and non-profit businesses impacted by COVID-19.


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A full of $57,000 of CARES Act funding has been selected for this 2nd section of the system to offer brief-term assistance for utility expenses. Grants from $500-$1500 are obtainable to qualifying companies and corporations, dependent on shown want and precedence details. Even though not all candidates will be awarded the most volume, the City of New London will make a honest and equitable determination for all capable applicants centered on shown require furnished.

“This CARES Act funding delivers essential aid necessary for New London’s small corporations that are struggling to fork out utility expenses that are because of even when firms are closed due to COVID-19 limitations,” said New London Mayor Mike Passero. “I want to thank our Congressional delegation for producing this assistance achievable for our companies.”

“Small business enterprise is our spine in the City of New London, and we have to deal with the issues folks are dealing with these days as a final result of the pandemic,” explained Felix Reyes, New London Director of Economic Development and Organizing. “Our modest business entrepreneurs have to have assistance spending their expenditures now, and we’re delighted the City’s SERG plan is in this article to aid.”

Funding for the SERG program is readily available by way of the federal CARES Act, which is designed to give limited-term funds help to little organizations and nonprofits impacted by COVID-19. Though any smaller enterprise or nonprofit impacted by COVID-19 may possibly qualify, priority will be provided to applicants with the greatest wants based mostly on profits loss, layoffs, and the amount of small-moderate income workforce impacted by the pandemic.

Programs will be approved January 13-26, 2021. City Corridor is now less than building and closed to the community, so to utilize on the internet and upload documents, be sure to use the SERG 2. Online Application. To down load a PDF of the application, make sure you go to the City of New London Internet site and e-mail completed application and paperwork to [email protected] or simply call 860-447-5243 to routine a drop-off or select up.

The SERG 2. On-line Software is accessible in the two English and Spanish. The on the internet application in English can be observed here: The on-line application in Spanish can be discovered right here:

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