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Walsh Administration Establishes Small Business Relief Fund
Mayor Martin Walsh said his administration had established the Small Business Relief Fund to assist Boston’s small businesses most directly impacted by closures, policies, or general loss of revenue due to the COVID-19 pandemic.
The newly-created fund, administered and managed by the Mayor’s Office of Economic Development (OED), is designed to quickly and strategically disburse grants to local businesses.
“Small businesses are the backbone of our economy and the lifeblood of our neighborhoods,” said Walsh. “As the response to COVID-19 continues to evolve, we want to make this resource as straightforward as possible for business owners and work one-on-one to ensure they have the most up-to-date information on financial assistance available.”
The Small Business Relief Fund will be administered through OED’s Small Business Financing program, and is funded by a combination of funds from the City of Boston, the U.S. Department of Housing and Urban Development, and private institutions.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
