Sunday, January 24, 2021        

COVID-19 Business Support Information

  • Grant Program for Rhode Island on Pause (FAQ) – Documentation to Apply

  • Small Business Development Fund Now Taking Applications

    Enhanced Capital Rhode Island (ECRI) has opened applications for its $20 million small business loan program which is part of the Rhode Island Small Business Development Fund Program. The program’s primary focus is to provide financial assistance to businesses impacted by the COVID-19 pandemic. 

    Loans to eligible Rhode Island-based small businesses will be offered in the following two categories: 

    • Micro Loans of $10,000 to $50,000 per company
    • Larger Term Loans of up to $1 million per company

    At least $15 million of loans will be provided to “COVID Impacted Businesses” defined as Rhode Island based businesses with a 33% revenue loss for the period January 2020 through May 2020 versus the same period for the prior year, or such other impacted businesses as may be approved on a case by case basis.  Information and Application

  • Business Adaptation Grant Awards

    Enhanced Capital Rhode Island (ECRI) has opened applications for its $20M small business loan program which is part of the Rhode Island Small Business Development Fund Program. The program’s primary focus is to provide financial assistance to businesses impacted by the COVID-19 pandemic. 

  • Remote Work

    Social Enterprise Greenhouse and District Hall Providence have been selected as intermediary organizations for the Remote Work Grant Program. Through these two intermediaries, Commerce RI will purchase and distribute technology needed for businesses and nonprofits to bring their employees to effective, at-home remote work.

    In-kind technology grants are available for businesses and nonprofits with between two and 100 employees. Businesses can apply to receive hardware or software needed to bring their employees to remote work at CommerceRI.

  • Town of Smithfield Business Microenterprise Stabilization Grant (MicroE) Program

    The Town of Smithfield, with Community Development Block Grant (CDBG) funds provided by the R. I. Office of Housing and Community Development (OHCD) and the U.S. Department of Housing and Urban Development (HUD), is offering working capital grants to qualifying small business microenterprises adversely impacted by COVID-19. Information and Application