FOR IMMEDIATE RELEASE:

Office of the Mayor WOONSOCKET, RHODE ISLAND

August 31, 2020

 

MAYOR BALDELLI-HUNT ANNOUNCES “JUMP START” PROGRAM TO

SUPPORT SMALL BUSINESSES IMPACTED BY THE PANDEMIC

 

WOONSOCKET, R.I.: Mayor Lisa Baldelli-Hunt announced today the launching of a new grant and loan program to support small businesses as they attempt to reopen and rebound from theCoronavirus Pandemic. As stated by the Mayor, “My Administration is acutely aware of the financial impact that the pandemic is having on the City’s small businesses. It is imperative that we assist these businesses as they reopen their doors and bring back employees.”

The new program is called “Jump Start” and is designed to provide both grants and loans toeligible small businesses. The “Jump Start” program will offer grants of up to $5,000 to assist small businesses to make purchases, investments and improvements to their facilities asrequired by the Governor’s reopening directives. Eligible businesses will also be able to borrowup to $15,000 for working capital. The working capital loans can be used for expenses such as back rent, back utilities, supplies, and inventory.

The “Jump Start” program is being funded through a special Federal appropriation under the Community Development Block Grant program (CDBG). As stated by the Mayor, “The City received a supplemental appropriation under the 2019-2020 CDBG program to address specific COVID related impacts. My Administration has been working with the United States Department of Housing and Urban Development (HUD) in the design of the “Jump Start”Program. We are pleased that HUD has just approved this new initiative, which will result in providing our small businesses with over $400,000 in financial assistance.”

The City will be launching an online portal that small businesses can access to qualify for thegrants and/or loans. Once it is determined that the business is eligible, the City’s Department of Planning and Development will assist in the completion and documentation for financialassistance. As stated by the Mayor, “We expect to launch the online portal in one week. A linkto the online portal will be accessible on the City of Woonsocket’s website.”

If you are interested in either or both opportunities, please contact Scott Gibbs, Interim Director of Planning and Development at 401-767-9231 and leave a voice message including your name, contact number and name of your business.

 

Contact: Scott Gibbs, Interim Director of Planning and Development

This email address is being protected from spambots. You need JavaScript enabled to view it.; 401-767-9231

 

President Trump is making a play for New York. He told supporters in Pittsburgh tonight he's trying to win the historically Democratic state. He said crime has gone up in New York City and called out the mayor for slashing police jobs.        President Trump is blaming China for the U.S. losing more than 200-thousand lives to coronavirus. He called it a shame but touted his response, saying the number could be over two-million. This comes hours after he again downplayed the threat to young people.        The government is one critical step closer to staying open. With eight days until a shutdown, the House passed a bipartisan bill tonight. It keeps the government funded through December 11th. The Senate must act next before the bill can be sent to President Trump.       Wisconsin is declaring a new public health emergency as coronavirus cases skyrocket. And college students are mostly to blame. Governor Tony Evers is pleading with them to stay out of bars and cover up. That's why he's extending the mask mandate into November.        Singer Post Malone is leading the Billboard Music Awards with 16 nominations. That includes top artist. He's competing in that category against Taylor Swift, Billie Eilish, Khalid and Jonas Brothers. The show airs October 14th.