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New Grant Opportunity for Cambridge Small Businesses

Applications are now open for a new grant aimed at providing financial assistance to small businesses in Cambridge, Massachusetts. The grant is designed to help with operation costs, such as rent relief, payroll, and other operating expenses. This initiative is part of the ongoing effort to support local businesses that have been heavily impacted by the COVID-19 pandemic.

Brick and mortar businesses in Cambridge are eligible to receive up to $15,000 in reimbursement for various expenses, including payroll, commercial rent or mortgage, equipment, and other costs. Meanwhile, home-based businesses can receive up to $7,500 for payroll or operating/equipment costs.

The grant is made possible through the American Rescue Plan Act (ARPA) and is specifically intended to provide relief to non-franchise businesses in Cambridge. The aim is to assist small businesses in and around the city’s commercial districts to recover and adapt to the ongoing economic impacts of the pandemic.

Applications for the Small Business Operating Grant will be accepted from January 16, 2024, until February 16, 2024. Interested businesses can access the application and find more information at cambridgema.gov/covid19/business.

To ensure fair distribution of the grant, priority will be given to Cambridge businesses with fewer than 50 employees and those that have not previously received a COVID-19 related grant from the City.

If you have questions or require assistance with the application process, you can reach out to the grant administrators by calling 617-349-7223 or emailing [email protected]. Additionally, translation and interpretation services are available upon request.

How AI legalese decoder Can Help

The AI legalese decoder can simplify the application process for small businesses seeking the Small Business Operating Grant. By using its advanced natural language processing capabilities, the AI legalese decoder can help businesses understand the eligibility criteria, exclusions, and other requirements for the grant program. This can ensure that businesses submit accurate and complete applications, increasing their chances of securing the much-needed financial assistance. Furthermore, the AI legalese decoder can provide language translation and interpretation services, making the information more accessible to a wider range of businesses in the Cambridge area. Overall, leveraging AI technology like the legalese decoder can streamline the grant application process and support the equitable distribution of funds to eligible businesses.

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