DCEO recently launched its business interruption grants program (BIG) which will provide $60 million in support of small businesses that are seeing steep loses in revenue or business interruption due to the COVID-19 pandemic. This program is available for a maximum of 3,500 businesses with limited capacity to operate due to public health related closures. These funds are set to be allocated in early July. This program will be fully funded up to $540 million in grants for small businesses with $270 million designated for childcare providers. This funding comes from appropriations set by the CARES Act.
The first round of grants will prioritize support for small businesses that have halted operations completely or have been severely restricted. In addition, priority will given be to businesses within areas that have been impacted disproportionately, or in low income areas with high rates of COVID-19.
To be eligible, businesses must demonstrate that they have experienced heavy economic hardship since March.
The application portal goes live June 26th, 2020 and will be accessible here.