Less than 5% of money spent from Providence COVID small-business grant program

Nancy Lavin

11/23/2021

LESS THAN 5% of the $7 million small-business grant program the city launched in October has been spent, with some businesses saying the requirements are too restrictive. PBN FILE PHOTO/CHRIS BERGENHEIM — LESS THAN 5% of the $7 million small-business grant program the city launched in October has been spent, with some businesses saying the requirements are too restrictive. / PBN FILE PHOTO/CHRIS BERGENHEIM

PROVIDENCE – Five weeks after the city launched a new grant program for small businesses impacted by the pandemic, more than 95% of the funding remains untouched, according to data provided by the city. The $337,500 in grants doled out through the COVID-19 Small Business Grant program as of Nov. 19 represents 4.8% of the…

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