Business & Tech
4 Abington Small Businesses Receive COVID-19 Relief
Abington's businesses received tens of thousands in relief assistance to help weather the depression.
ABINGTON, PA — Small businesses throughout the Abington area are getting some much needed assistance from the coronavirus shutdowns.
Federal funding has been allocated to four different businesses around Abington in the most recent Pennsylvania state budget.
To qualify, businesses had to have had 25 or fewer employees in February 2020, and annual revenue of less than $1 million prior to COVID-19's impact, among other requirements.
Find out what's happening in Abingtonfor free with the latest updates from Patch.
The COVID-19 Relief Pennsylvania Statewide Small Business Assistance program provides grants ranging from $5,000 to $50,000. The department released a list of recipients who'd received funds or signed a grant agreement as of Oct. 3.
The recently enacted Pennsylvania state budget included $2.6 billion in federal stimulus funds through the Coronavirus Aid, Relief, and Economic Security Act (CARES). Within this allocation, the state Department of Community and Economic Development has been allocated $225 million for COVID-19 relief to small businesses through a distribution to Community Development Financial Institutions (CDFIs).
Find out what's happening in Abingtonfor free with the latest updates from Patch.
The aid granted is to help cover operating expenses and to assist business owners in stabilizing or relaunching their business, in situations related to impact from the coronavirus pandemic.
The following local businesses received funding:
- Happy R. Wee Preschool and Learning Center - $25,000
- Juan Reflexology - $10,000
- King and Queen - $20,000
- Kmd Design - $5,000
With reporting from Patch correspondent Marlene Lang
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.