The program will provide $50M in grants for small businesses that have been most severely impacted by the COVID-19 pandemic. Eligible small businesses will be able to apply for grants of up to $15,000. Grants will be calculated based on whether the business is in a severely impacted industry, the number of full-time employees, and the degree of revenue loss.
Detailed eligibility requirements, Frequently Asked Questions, a grant estimator calculator, and a list of required documents needed for applying can be found on www.commerceri.com. If you have any questions or require assistance completing the application, please call the Rhode Island Commerce Hotline at (401) 521-HELP.