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City of Bakersfield and Access Plus Capital providing $70,000 in grants for microenterprises

City of Bakersfield City Hall
Posted at 10:51 AM, Feb 22, 2021
and last updated 2021-02-23 11:43:32-05

BAKERSFIELD, Calif. (KERO) — The City of Bakersfield is partnering with Access Plus Capital to provide $70,000 in grants ranging from $3,500 to $5,000 for qualified microenterprises within the City limits.

According to the City, the Microenterprise ReSTART Grant Program, funded by Community Development Block Grant Coronavirus (CDBG-CV) funds, will provide grants for qualified microenterprises, defined as having five or fewer full-time employees.

Online applications for the ReSTART Grant Program open at 8 a.m. on Wednesday, February 24. Grants are expected to be awarded to approved businesses by March 19.

Businesses interested in applying should visit their website and click on “COVID-19 Relief Funds.”

These grants can be used for working capital, including paying payroll costs like employee vacation, family or sick leave, as well as insurance, rent, supplies or materials, utilities, and more.

These grants will target businesses that have not previously received other disaster relief funding such as the Paycheck Protection Program, a Small Business Association Economic Injury Disaster Relief Loan or a grant from the City of Bakersfield B-CARES program.