This Week in the City: Danbury Mayor Esposito Talks Small Business Assistance Program, Applications Close October 31 - HamletHub

In this occurrence of This Week successful the City, Mayor Dean Esposito speaks with Shay Nagarsheth, Economic Development Director astir the Small Business Assistance Program that was launched connected October 5th, and applications adjacent connected October 31st.

This programme which volition supply limited, one-time nonstop fiscal assistance to eligible tiny businesses recovering from the pandemic.

“Small businesses are the backmost bony of our city, and by utilizing funds from the American Rescue Plan, we volition infuse implicit $380,000 into the concern assemblage recovering from the planetary pandemic. The interaction of the pandemic is inactive being felt by galore businesses, and the extremity of this programme is to assistance immoderate of that fiscal burden, to let businesses to proceed operating and thriving successful our community,” said Mayor Dean Esposito.

Grants of up to $5,000 volition beryllium disposable depending connected the needs of the business, and the intended usage of the funds. The exertion process volition beryllium unfastened until October 31st, and funds volition beryllium acceptable for organisation successful November.

“The Danbury Small Business Assistance Program volition supply nonstop fiscal assistance to tiny businesses passim our city, helping them to retrieve from the planetary pandemic. As Economic Development Director, I person heard from the concern assemblage that this is simply a main precedence successful the pandemic alleviation effort. Today, the Esposito medication has delivered, and we look guardant to providing our tiny concern assemblage with the assistance it needs,” said Shay Nagarsheth.

Small concern owners who request assistance, are encouraged to use for a grant. Criteria for applications include:

Qualifying for-profit businesses indispensable beryllium successful Danbury, person 10 oregon less employees, little than $1,500,000 gross gross successful 2019, and beryllium independently owned and operated.

Applicants should show that specified funds volition beryllium utilized exclusively for aboriginal expenditures that volition adhd value, quality, desirability, and/or attractiveness to (the) concern and community.

Applications and instructions volition beryllium disposable online connected the City's website and volition beryllium accepted until October 31st.

A committee including the Director of Economic Development, Finance, Tax Assessor, and representatives from the Mayor’s Office volition reappraisal applications, and recommendations volition beryllium forwarded to the Mayor for last approval.