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New COVID-19 Funding Assistance Available for Medford Small Businesses

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New COVID-19 Funding Assistance Available for Medford Small Businesses

Text on photo reads Small Business SupportUpdate (1/11/21): The application period is now closed and applicants will be notified if they receive funding later this week.

Small businesses within the City of Medford impacted by COVID-19 can apply for one-time funding assistance starting Friday, January 8.

There is $250,000 available in this second round of funding. To date, the City has provided a total of $500,000 in financial assistance to small businesses impacted by COVID-19.

The Medford City Council approved the use of marijuana tax revenue to assist local businesses impacted by COVID-19 on December 17, 2020.

The City plans on allocating the financial resources as quickly as the applications are received and reviewed.

Grants will be allotted to small businesses that have been directly affected by the government-ordered mandatory change in service (per Governor Executive Order dated December 2020): bars, restaurants, breweries, wineries, indoor gyms or fitness establishments. 

In addition, businesses must be located inside Medford city limits. Grant amounts may be used to help with the following:
  • Rent or mortgage payments
  • Utility payments
  • Payroll
 
The online application will be made available on Friday, January 8 at 10 a.m.  Click here to view a copy of the application that will go live on Friday, January 8.

“Our local businesses continue to face challenges related to the COVID-19 pandemic,” said City Councilor, Tim D’Alessandro. “This program aims to offer immediate financial assistance to small businesses in Medford to aid in maintaining their business and workforce.”

To qualify for assistance, a business must:
  • Be a bar, restaurant, brewery, winery, indoor gym or fitness establishment.
  • Complete the online application and include copy of W9
  • Have had no more than 15 non-owner employees as of March 1, 2020
  • Have a City business license
  • Have no outstanding City related liens, fees or code enforcement cases
  • Not be affiliated with a franchise
Assistance Amount:
  • $3,000
As we continue to respond to this evolving situation, the City recognizes the importance of quickly addressing a number of urgent needs and will continue to work closely with our local businesses and service organizations to reduce regulatory barriers and provide access to resources needed during this unprecedented time.

Click here to view the Small Business Resource page.

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