Print
Coronavirus

Small Business Relief Grant Opportunity Here Today, Gone Tomorrow

By Jenny Callison, posted Feb 8, 2021
Small businesses that act fast can apply for a grant program designed to help companies pay basic operational expenses in a coronavirus-crippled economy.
 
In partnership with Verizon, the Local Initiatives Support Corp. (LISC) is offering $10,000 grants from a $10 million fund established by Verizon. The catch? The application window opened Monday morning and closes at 11:59 p.m. Tuesday.
 
Small businesses – especially those in historically underserved communities hit hard by the pandemic – are encouraged to apply, according to the program’s website, which provides grant information and the application portal.
 
Grant funds can be used to pay rent and utility costs, to meet payroll, to pay outstanding debt to vendors, to upgrade a company’s technology infrastructure, and for some other immediate operating costs, according to the program’s website. An applicant must show proof that the business was adversely affected by COVID-19.
 
Owners of multiple businesses may apply for one business only and should complete the application based on their largest business.
 
Nonprofit organizations are not eligible to apply.
 
LISC is a U.S. nonprofit community development financial institution that supports community development initiatives in 35 cities and across 2,100 rural counties in 44 states. It was created in 1979 by executives from the Ford Foundation.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Chris coudriet

County Saves More Than $8 Million Through Bond Refunding

Chris Coudriet - New Hanover County Government
Dave sweyer 300 x 300

7 Inexpensive Upgrades You Can Make To Your Rental Property

Dave Sweyer - Sweyer Property Management
Girardnewkirk headshot 2182174430

Entrepreneurship Drives Social Elevation

Girard Newkirk - Genesis Block

Trending News

Transportation Officials Comment On Amtrak Plan Involving Wilmington

Christina Haley O'Neal - Apr 9, 2021

Convention Center Used For Mass Vaccination Site

Scott Nunn - Apr 9, 2021

This Year's Parade Of Homes Schedule Announced

Cece Nunn - Apr 9, 2021

Governor's Budget Proposes Funding For Area Education Projects, Attractions

Christina Haley O'Neal - Apr 8, 2021

Riegelwood FCU Merges With South Carolina Institution

Jenny Callison - Apr 8, 2021

In The Current Issue

Live Oak, NCino Defendants In Lawsuit

A former employee of Live Oak Bank and of Apiture LLC – a financial technology joint venture between Live Oak Bancshares and First Data Corp...


Truist Rolls Out Blended Branch On Military Cutoff

More than a year after the merger of BB&T and SunTrust banks was finalized creating Truist, the combined company is premiering its new blend...


Jones: Economy On Recovery Road

The Wilmington area economy is doing better than expected a year after the COVID-19 pandemic took a toll on many businesses across the regio...

Book On Business

The 2021 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100