COVID Recovery Micro-Enterprise Assistance Program

Info Sessions Microenterprise Assistance
Franklin County Regional: View the pre-recorded information session below

North Adams Microenterprise Stimulus Fund Information Session

North Adams Microenterprise Stimulus Fund Information Session

North Adams: Join us on 10/9 and 10/14 Microenterprise Stimulus Fund Information Sessions. View the pre-recorded info session below.

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Western MA Microenterprise Forgivable Loans

What is this program?

Microenterprise Assistance forgivable loans of up to $10,000 are available to businesses to help cover documented business losses due to the COVID-19 economic shut down that are not covered by other funding programs. Businesses with five or fewer employees may qualify for a forgivable loan funded through the federal CARES Act and the Community Development Block Grant (CDBG).

The Franklin County CDC is implementing the forgivable loan programs for $600,000 for 23 towns in Franklin County administered by the City of Greenfield and for $108,000 for the City of North Adams.

How does the application process work?

Business owners can find applications and forms on the appropriate tabs on this website.

Completed applications (include application, 3 forms and 2019 taxes) will be considered for review every 2 weeks for eligibility in the current round. There will be ongoing rounds until funds are depleted. Visit the FAQ’s to gain a better understanding. If you have any questions, don’t hesitate to contact micro@fccdc.org

There is a small team of reviewers who will review completed applications every 2 weeks. DHCD Criteria will be examined to understand Covid-19 loss and community need plus overall reasonableness for expenses and business stability.

ANOTHER FORGIVABLE LOAN PROGRAM FOR BUSINESSES IN THE TOWNS OF BUCKLAND, GREENFEILD, MONTAGUE AND SHELBURNE 

Funds have been made available by these towns to assist microenterprise businesses with $5,000 forgivable loans for COVID-19 loss. Refer to the FAQ’s and information:

Town and City Specific Sites:

Greenfield

Shelburne and Buckland

Montague

Contact

Amy Shapiro, Business Development Director | Franklin County CDC | amys@fccdc.org | call or text cell (413) 834-2508

Franklin County Regional

Franklin County Regional Microenterprise Assistance Program

What is this program?

The City of Greenfield, partnering with the Franklin County CDC to implement a Regional Microenterprise Assistance Program (Covid RMAP) that opened on Thursday, October 1, 2020 with applications due by 5pm on Thursday, October 15, 2020 for the first round of funding.  Rounds will continue until funding is depleted. Microenterprise Assistance forgivable loans of up to $10,000 are available to businesses to help cover documented business losses due to the COVID-19 economic shut down that are not covered by other funding programs. The region was awarded $600,000 for loans through the federal CARES Act and the Community Development Block Grant (CDBG).

Eligible Franklin County businesses in 23 towns (minus Ashfield, Monroe and Rowe) can apply.

Info Session

Please copy the link below to view a pre-recorded information session about this program. Use the passcode below to gain access to the recording.

https://us02web.zoom.us/rec/share/q3EVt6hX_C0Lp6P5fY6QnihvV-rapJsLDy1YtfjEKQ5x-MrAhpU3xmDBJpRZXonH.kvC1Zkkkh-q4pigk?startTime=1602085482000

Passcode: S.B&4ZJw

Contact

Amy Shapiro, Business Development Director | Franklin County CDC | amys@fccdc.org | call or text cell (413) 834-2508

Lindsey Rowe, Community Development Administrator | 14 Court Square, Greenfield, MA 01301 | (413) 772-1548 x 5 | lindsay.rowe@greenfield-ma.gov

Step One: Review FAQ, Complete three worksheets

Step Two: Complete Application

Step Three: Submit Documentation

Your application is NOT COMPLETE until you have submitted the following documents via Email to micro@fccdc.org or drop off or request secure link to the Franklin County CDC, 324 Wells St., Greenfield MA 01301 or email/request a secure link micro@fccdc.org.

o   Federal 2019 Business Tax Return with all schedules (or 2018 and all schedules if on extension)

o   Federal 2019 Personal Tax Return with all schedules (or 2018 and all schedules if on extension)

Three Worksheets:

o   Family Income Worksheet (for each owner over 20%)

o   COVID-19 Loss: Profit and Loss Worksheet for 2019/2020

o   Proposed Uses of Funds Worksheet Form

North Adams Microenterprise Stimulus Program

North Adams Microenterprise Stimulus Program

What is this program?

The City of North Adams is partnering with the Franklin County CDC to implement a Microenterprise Assistance Program (NAMSP) that opens on Thursday, October 15, 2020 with applications due by 5pm on Monday November 2, for the first round of funding.  Rounds will continue until funding is depleted. Microenterprise Assistance forgivable loans of up to $10,000 are available to businesses to help cover documented business losses due to the COVID-19 economic shut down that are not covered by other funding programs. The Franklin County CDC is implementing the forgivable loan programs for $108,000 for the City of North Adams.

Information sessions is October 9th 10-11 and October 14, 3-4. No registration necessary.

Information Session:

To view a pre-recorded information session, held on October 9, copy or click the link below. Enter the passcode to gain access to the video.

https://zoom.us/rec/share/k5yfJOC3rxUYyYZRWHgUerbbuHP9PJrLGuCJnFCt7qMFVgYnB10sg-jeQd7Q3XG4.1vvIZjPFJeQFkCn_

Passcode: u+Y=d1V1

Contact:

Amy Shapiro, Business Development Director | Franklin County CDC | amys@fccdc.org | call or text cell (413) 834-2508

Step One: Review FAQ, Complete three worksheets

Step Two: Complete Application (Opens Oct. 15th at 12:00pm)

Town Specific Programs

Town Specific Programs

Also for businesses in: Greenfield, Shelburne, Buckland, Montague. 

Microenterprise COVID-19 Recovery Assistance Program  is available for businesses in Greenfield, Shelburne, Buckland, Montague. 

Application and information can be found on the City of Greenfield website: https://greenfield-ma.gov/p/2954/Small-Business-Assistance-COVID-19

Application: https://docs.google.com/forms/d/e/1FAIpQLSf_B2cO8IpKtPxA8NtnHHGoeFmMSGRBWbQfxouBH-uzjhN3_w/viewform

Town and City Specific Sites:

Greenfield

Shelburne and Buckland

Montague