The Watertown EDA has made available up to $250,000 available to support local businesses in managing the impacts of the COVID-19 pandemic. The funds used to support these efforts are federal dollars appropriated through the CARES Act. Three separate programs have been developed to support businesses who have experienced financial hardship brought on by the pandemic, to support efforts at implementing mitigation efforts, and encourage investment in technology that will create resiliency. For more information about each program review program policies and applications below.
Business Coronavirus Relief Grant
This program will make up to $5,000 available to a business to support impacts of mitigation efforts related to the pandemic. Grant funds can be used to reimburse or pay for expenses related to changes in business practices for customer and employee safety, revenue loss, training, building enhancements and much more. Up to $150,000 is available through this program. Applications due by September 4th.
This program will provide up to $5,000 for a business to make investments in technology for their business such as website enhancement or development, e-commerce tools, point of sale systems, accounting or human resources management software solutions. Applications due by October 15th.