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City of Middletown Announces Small Business
COVID-19 Financial Assistance
Middletown Mayor Benjamin Florsheim announced today the City is investing $250,000 in Middletown businesses to help them recover from the COVID-19 crisis. Middletown businesses with 20 or fewer employees which are impacted by the COVID virus can apply for a loan of up to $10,000 to help them reopen and start on the road to recovery. The applications are available on the City’s website http://www.middletownct.gov/1188/Middletown-Economic-Development-Bridge-L.
The loans can be used to help businesses pay for things like start-up expenses, investments in new technology and/or transition costs to a different business model.
Middletown businesses can submit questions to BridgeLoan@middletownct.gov or call 860-638-4839.
In addition, the City of Middletown, through the Department of Planning, Conservation and Development, will provide operating grants to business owners for the purpose of assisting small businesses in continuing operations and keeping residents employed. The City is utilizing federal Community Development Block Grant Funds so all applicants must agree to be compliant with federal regulations.
Grant funds are intended to support ongoing operations during the COVID-19 Pandemic. The approved use of funds is anticipated to be rent/mortgage, utilities, and other fixed costs. The City grants will not exceed $5,000. Assistance must result in continued employment of low/moderate income individual(s) for one year from the date of grant acceptance. For more information regarding the CDBG Grant Program, please email MiddletownCDBG@middletownct.gov or call 860-638- 4837
Grant information: http://www.middletownct.gov/1147/CDBG-Small-Business-Grants
The City will start to accept applications on June 8, 2020.