DE Relief Grants program with $100M will assist Small Businesses and Nonprofits of Delaware affected by COVID-19.
Governor of the Delaware State John Carney, New Castle County Executive Matt Meyer, and the Delaware Division of Small Business announced a grant program of at least $100 million to assist Delaware small businesses and nonprofit organizations affected by the COVID-19 crisis.
The DE Relief Grants program is a joint initiative of the State of Delaware and New Castle County and is funded by the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
The program is expected to reach more than 3,000 small businesses and nonprofit organizations with grants of up to $100,000. The Division of Small Business is administering the program and will begin accepting applications in early September and will follow with funding rounds in early October and November.
DE Relief Grants can be used for:
- Purchasing equipment to make a workplace suitable for COVID-19 safety (such as PPE, plexiglass, air purifiers, etc.)
- Refinancing of debt incurred due to COVID-19 (including State of Delaware HELP loans)
- Advertising efforts undertaken as a result of COVID-19
- Fixed expenses the applicant accrued during COVID-19
The size of the relief grant will be based on the business or nonprofit’s 2019 revenue:
- $0-$500,000: Up to $30,000
- $500,000-$1 million: Up to $50,000
- $1 million-$2.5 million: Up to $72,500
- $2.5+ million: Up to $100,000
Link to DE Relief Grants
