Business & Tech
COVID-19 Recovery Assistance Available For Small Businesses
Hillsborough County is launching more than $100 million in financial assistance programs to help reopened local small businesses.
![ Hillsborough County is launching more than $100 million in financial assistance programs to help reopened local small businesses.](https://patch.com/img/cdn20/users/22976176/20200623/060521/styles/patch_image/public/closed-due-to-coronavirus-shutterstock___23180455747.jpg)
HILLSBOROUGH COUNTY, FL — Hillsborough County is launching more than $100 million in financial assistance programs to help reopened local small businesses that were economically damaged by the coronavirus pandemic.
Business owners across Hillsborough County (including Tampa, Temple Terrace, and Plant City) will be able to apply for one of three programs:
- Kickstart Small Business - up to $10,000 in working capital; for businesses with up to $3 million in annual revenue
- Back to Work - up to $2,000 per employee in payroll incentives to hire or rehire workers; for businesses with up to $20 million in annual revenue
- Safe at Work Matching - up to $10,000 matching reimbursement for the cost of qualifying workplace improvements directly related to mitigating the spread of COVID-19; for businesses with up to $20 million in annual revenue
There will be three phased application periods to give a head start to the smallest, most economically vulnerable businesses in the community. Early Access applications open June 30 for Hillsborough County small businesses:
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- With less than $5 million in annual revenue
- Forced to close by government orders
- Located in one of the identified economically distressed areas
Subsequent application periods will open approximately every two weeks through July to allow additional groups of businesses access to the programs.
Starting June 22 at noon, daily online information sessions will provide an overview of the program options, information on qualifying criteria, details on application periods, resources to assist potential applicants and a brief question-and-answer period. Sessions are available in English and Spanish.
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Visit the R3 Economic Recovery Financial Assistance page for the latest program details and session registration links.
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