Community Development Block Grant (CDBG) Program
Town of Yarmouth Offers CDBG Grant Program to Help Small Businesses
The Town of Yarmouth is offering a new round of funding to assist small businesses impacted by COVID-19. The program offers short-term working capital to cover expenses such as commercial rent and mortgage, payroll, and qualifying debt service when a business does not have the resources to cover these costs.
Grants are capped at $5,000 per qualified business. The Community Development Block Grant (CDBG) is funded by U.S. Department of Housing and Urban Development (US HUD).
To qualify businesses must:
- be located in Yarmouth
- have ten or fewer employees, including the business owner
- demonstrate that the CDBG Funds are necessary and sufficient, when combined with othersources, to sustain the business and/or retain jobs held by low/moderate-income workers
- have a business owner and/or employees which meet income requirements
- complete and sign the application and submit with all requested documentation
- execute a grant agreement
- track and report on business performance in 3 and 6 months out from receipt of assistance
Other requirements may apply.
For more information on additional state and federal business assistance programs currently being offered, please visit: http://www.yarmouth.ma.us/1866/COVID19-Business-Assistance-Programs
NEW! RFP for CDBG PROJECTS and ACTIVITIES AVAILABLE NOW!
The Town of Yarmouth is seeking proposals from experienced, qualified businesses, organizations and agencies, public or private, to carry out objectives identified in the Town of Yarmouth CDBG Program Year 2020 and the CDBG-CV Program. All programs, services and work funded through this RFP must be completed by June 30, 2021. RFP documents containing definitions of required services, submission requirements, evaluation criteria, and other pertinent information may be obtained by contacting the Department of Community Development, 1146 Route 28, South Yarmouth, MA 02664 508-398-2231 x1275 firstname.lastname@example.org beginning on June 4, 2020 at 8:30 AM. The Department of Community Development will start receiving proposals on June 30, 2020 at the Yarmouth Town Offices, 1146 Route 28, South Yarmouth, MA 02664 in accordance with the instructions in the RFP. For first consideration, submit proposals by this date. Afterwards, proposals are accepted on a rolling basis. For more details, please see the legal ad here:
Legal Advertisements and Notices:
SUMMARY of PROGRAMS:
Contact Information: Please contact the Department of Community Development at (508) 398-2231 ext. 1275 (TTD# 508-398-2231) with questions or inquiries about the CDBG Program.