The City of Philadelphia COVID-19 Restaurant and Gym Relief Program (RGRP) is designed to provide financial relief to Philadelphia-based restaurants with indoor dining, gyms, and businesses whose primary activity is indoor exercise. Grant awards are estimated to be up to $15,000 per business. Eligible business owners can apply beginning at 11 a.m. on Thursday, January 28. The deadline to submit applications is 11:59 p.m. on Tuesday, February 9. All applications will be reviewed after February 9. The program is not first-come, first-served; applications will be awarded based on eligibility and alignment with program priorities.
The second draw of the Small Business Payroll Protection Program (PPP) funding became available on January 13, 2021. PPP has new requirements to target aid to small businesses. To be eligible, you must have 300 or fewer employees and must be able to provide evidence that the revenue for your business had dropped by 25% or more as a result of COVID-19. Funding will be awarded on a first come, first served basis. Work with your financial institution to apply.
Some restrictions on business and activity will be lifted beginning Saturday, January 16, 2021.
- Indoor dining will be allowed with a cap on the number of diners set at 25 percent of the seating capacity.
- Theaters and performance spaces will be allowed with a cap on the total number of attendees, including staff, of 10 percent maximum occupancy. If the maximum occupancy is unknown, allow 10 persons per 1,000 square feet. Everyone in attendance must be masked, and no food or drink is allowed.
- Colleges will be allowed to resume in-person classes.
The COVID-19 Relief Pennsylvania Statewide Small Business Assistance program provides grants ranging from $5,000 to $50,000 to small businesses that have been economically impacted by COVID-19. The program is no longer accepting applications for funding.However, there may be potential opportunities for more funds to become available. The PA CDFI Network will send emails with future updates.
Taxpayers who pay Use & Occupancy (U&O) are eligible for a refund for periods that they were not liable for the tax. If you pre-pay the U&O Tax on an annual basis or otherwise filed and paid early, you may have a reduced liability as a result of the Commonwealth and City’s orders to close non-essential businesses due to the COVID-19 coronavirus emergency.
Small business owners are able to apply for an Economic Injury Disaster Loan (EIDL) Advance of up to $10,000. This advance is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. This loan advance will not have to be repaid.
Are you or someone you know an independent contractor or gig economy worker? You may be eligible for Pandemic Unemployment Assistance through the CARES Act.
Get a 360-degree view of the programs and initiatives of the Coronavirus Assistance Relief and Economic Security (CARES) Act, which is providing small businesses with broad-ranging assistance such as paycheck protection, debt relief, disaster loans, emergency economic injury grants, and financial counseling.