City of Providence, LISC to provide grants to small businesses

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PROVIDENCE, R.I (WLNE) – The City of Providence joined Local Initiatives Support Corporation (LISC) Rhode Island to announce a new grant opportunity for Providence-based micro-businesses impacted by COVID-19.

The grant program will support approximately 23 low-to-moderate business owners and income entrepreneurs with grants up to $10,000.

Through this grant, businesses will have working capital for business expenses such as rent, staffing, utilities and retail location modifications.

“Small businesses, especially micro-businesses, are the backbone of Providence’s economy,” said Providence Mayor Jorge O. Elorza. “The grant program will provide much-needed relief to our smallest businesses to ensure they have the resources and financial supports to ride out the current economic storm.”

This one-time micro-enterprise program is meant to help negatively impacted businesses who are not typically eligible to receive relief through federal programs.

“This grant program is designed to deliver critical funding to those ‘mom and pop’ shops that are part of the tapestry of a community,” said LISC Rhode Island Executive Director Jeanne Cola. “These are the businesses that have been left out of some of the broader federal stimulus programs but they are critical to maintaining a neighborhood vitality. We’re grateful for the opportunity to target these micro-businesses.”

Grant applications will be available on Thursday, October 29 at 9 a.m. EST. If interested in applying, click here.

Complete applications will be reviewed on a first-come, first-served basis by the LISC Rhode Island team.

Potential applicants are encouraged to attend an online informational session hosted by the City of Providence and LISC Rhode Island on Thursday, October 22 at 5:00 p.m.

©WLNE-TV/ABC6 2020

Categories: News, Rhode Island