The Town of Watertown joined a group of 23 communities that will have access to nearly $5 million in grants to assist small businesses impacted by the COVID-19 pandemic.
The businesses that can apply for up to $10,000 in funding are those with five or fewer employees, also known as microenterprise businesses. To qualify, one of the five employees must be the owner, and it must be a for-profit entity. Businesses excluded from applying for 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 and cannabis-related businesses.
In coming weeks, the Town of Watertown will release information on how to apply for the grants.
On July 16, the Baker-Polito administration announced it awarded $4.95 million from the Department of Housing & Community Development to the 23 communities for the microenterprise grants. The money came from the $19.6 million in funding provided to Massachusetts by the federal Community Development Block Grant (CDBG) program.
The communities that are part of this coalition include: Ashland, 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 and Woburn.