Mayor Charles C. Kokoros announces that the Town of Braintree has applied for a Community Development Block Grant (CDBG) meant to assist small businesses in town who have been negatively impacted by the COVID-19 pandemic.
CDBG is a federally funded, competitive grant program designed to help small cities and towns meet a broad range of community development needs. This particular grant will assist eligible municipalities prepare for, respond to or prevent coronavirus ramifications.
If awarded, the funds, which were made available through the federal CARES Act of 2020, would be awarded to businesses in town for the payment of commercial rent (up to two months) of their business location. The maximum total grant award to any small business is $10,000 for two months of commercial rent (each month at $5,000 or lower).
The grant is assistance paid directly to the business landlord or property manager to cover rent or a mortgage payment that does not exceed $5,000/per month.
“After having spent decades as a small business owner in the community I am looking forward to being able to offer some relief to small business owners that have been impacted by COVID-19 if the Town is awarded the grant. By focusing on our local mom and pop businesses, this grant will be able to support their reopening and help bring back Braintree’s thriving small business community,” said Mayor Kokoros.