A day after asserting new enterprise restrictions aimed toward stopping a post-Christmas growth of COVID-19 circumstances, Gov. Charlie Baker stated eating places, retailers and different small companies damage by the pandemic will probably be eligible for grants by means of a brand new $668 million small enterprise aid fund operated by the state.
Baker stated qualifying companies will probably be eligible for grants of as much as $75,000 or three-months of working bills to assist pay for salaries, utilities, lease, debt or different bills.
The cash to pay for this system will come, partially, from the flexibleness the brand new federal stimulus invoice handed this week by Congress will give the state to reallocate present sources. The governor urged President Donald Trump to signal the invoice.
Baker on Tuesday introduced that starting on Saturday companies must restrict their capability to 25 p.c, additional proscribing the quantity of consumers they can accommodate at any given time. The rollback on capability limits, Baker stated, will final for not less than two weeks and can hopefully be momentary to forestall Christmas gatherings from contributing to an acceleration within the unfold of COVID-19 the best way Thanksgiving drove new circumstances.
“We get that these selections have penalties,” Baker stated.
The grants will probably be administered by the Massachusetts Progress Capital Company, and companies who’ve already utilized for a smaller $50 million grant program won’t need to reapply. The primary grants will probably be awarded to those that couldn’t be funded within the first spherical of funding, and a second two-week software window will open on Dec. 31.
Lt. Gov. Karyn Polito stated eligible companies will embrace eating places, bars, caterers, indoor recreation and leisure venues, gyms and health middle, occasion help professionals like photographers, nail salons, barbershops and retailers.
It is a growing story.