DECEMBER 21, 2020 — The Delaware Division of Small Business today announced a new round of relief funding, providing an additional $26 million to support small businesses most affected by COVID-19 restrictions.
The additional funding will provide a bonus of 20% for all DE Relief Grant recipients. Hospitality businesses, including restaurants and bars, will receive an additional 30% bonus, bringing their total bonus award to 50% of the value of their original grant. This is the third time that a bonus award has been given to grant recipients, though this is the first award that has gone to all recipients. Previous bonuses focused on specific industries especially hit hard by the economic disruptions caused by the governor’s orders intended to curb the spread of the coronavirus.
The DE Relief Grant
program — funded by the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act — has supported roughly 3,000 Delaware businesses this year with more than $180 million in grants.
Additionally, state officials announced today $10 million in new relief funding for Delaware arts organizations. The state will provide $5 million, with another $5 million in matching contributions. The funding will cover 355 of these organizations’ 2019 operating expenses, up to $300,000.
The new federal stimulus package may lead to changes in the state’s assistance programs for businesses. Businesses operators can visit delbiz.com/relief
for the latest updates.