Six companies in Charlestown joined greater than 500 citiwide that acquired phrase of funding grants by the recently-established Small Enterprise Aid Fund – a fund introduced by Mayor Martin Walsh final month with preliminary funding of $2 million.
Walsh introduced the brand new enterprise grant recipients throughout a press convention on Wednesday, Could 13.
“The Small Enterprise Aid Fund grants are important to assist struggling small companies throughout town deal with challenges introduced on by COVID-19,” stated Mayor Walsh. “These companies are the spine of our economic system, and the lifeblood of our communities. I’m proud we’re in a position to help them throughout this time, and am grateful to our companions who’ve stepped up in an enormous technique to help Boston’s neighborhood enterprise neighborhood.”
In Charlestown, the companies embrace:
•Boston Novelties LLC
•Moroccan Suites Boston
Throughout the general program, 58 % of the companies receiving grants are owned by individuals of coloration, 48 % are owned by girls, 44 % are owned by immigrants, and 95 % went to companies with 15 or fewer workers. The highest 10 zip codes with probably the most recipients embrace East Boston, Jamaica Plain, Brighton, South Finish, Dorchester, Roslindale, and Roxbury. Charlestown was really one of many neighborhoods with the fewest candidates and recipients.
A further $5.5 million in funding is being added to totally fund all eligible grant requests that have been submitted in the course of the utility course of, which mixes newly obtainable federal funds from the Division of Housing and City Growth; in addition to commitments from Residents Financial institution and Japanese Financial institution.
The Metropolis stated it will proceed to share updates on new small companies which might be funded as that data turns into obtainable.