The COVID-19 pandemic and the resulting social distancing precautions are impacting our local economy. We understand the stress that our businesses and workers are facing given the uncertainty of this outbreak and the disruption of our normal schedules. The purpose of this site is to communicate important information and share business resources to enable you and your employees to stay safe and informed during these uncertain times.
The most up-to-date information about the virus in Lowell can be found at LowellMa.gov/coronavirus.
The SBA is not currently accepting applications for the Restaurant Relief Fund, however they are expected to announce a launch date for applications shortly. For additional information: www.sba.gov/restaurants Read on...
The American Rescue Plan Act established the RRF to provide funding to help restaurants and other eligible businesses keep their doors open. Read on...
Ahead of the application launch and over the next two weeks, SBA will establish a 7-day pilot period for the application portal. SBA and district offices across the country will conduct extensive outreach to small businesses interested in applying. Additional Info...
Restaurant Revitalization Program is a 28.6 billion grant program for restaurants administered by the U.S. Small Business Administration is coming soon.
Businesses can receive up to $5 Million grants, up to $10 million grants for restaurant groups. Additional Info...
Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000 to up to 24-months of economic injury with a maximum loan amount of $500,000. Additional Info...
NMCOG received a CARES Act grant from the Economic Development Administration (EDA) in October 2020. As part of that grant, they are working with the Greater Lowell CEDS Committee to develop an Economic Recovery and Resiliency Plan for our region. Additional Info...