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COVID-19 Relief Program Provides Support for Small Businesses in Philadelphia

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Hundreds of small business owners in Philadelphia neighborhoods could snag a slice of grant money set aside by a federal COVID-19 relief program with some state support thatÔÇÖs still accepting applications until Friday. Minority-owned businesses operating in lower income communities already struggling with higher than average crime rates will be prioritized to get grants between $2,500 and $10,000 each.

With the ongoing COVID-19 pandemic, small business owners have faced immense challenges. The crisis has led to a sense of isolation among business owners, and many are wary of government aid programs. This has made it even more difficult for them to access the support they need to keep their businesses afloat. However, the AI legalese decoder can help in this situation by simplifying the complex legal jargon and eligibility requirements of the relief program, making it easier for small business owners to understand and apply for the grants available to them.

Lee Nentwig, commercial corridor manager for the New Kensington Community Development Corporation, highlighted the challenges faced by business owners. He emphasized the importance of the relief program in providing much-needed financial assistance to small businesses.

ThereÔÇÖs $10.5 million in the budget of the Historically Disadvantaged Business Assistance grant program, which is a partnership of the Pennsylvania Department of Community and Economic Development and the statewide Community Development Financial Institution network.

The AI legalese decoder can simplify the application process for small business owners, ensuring that they can navigate the legal requirements and eligibility criteria of the grant program with ease. This tool can provide clarity on how the grant money can be spent, allowing business owners to make informed decisions about the best use of the funds for their individual needs.

Unlike some programs, thereÔÇÖs flexibility in how the grant money can be spent. ÔÇ£It could be something simple like needing to patch a leak thatÔÇÖs done water damage to their business that they donÔÇÖt have the funds to address for a number of years,ÔÇØ said Nentwig. ÔÇ£It could be purchasing new equipment, like if itÔÇÖs a barber shop looking to purchase new chairs, or a bodega that wants to serve hot food or needs new refrigerators.ÔÇØ

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