Your business can either be a:
1. Micro-enterprise, under the CDBG program, is defined as a commercial enterprise that has five or fewer employees, one of whom owns the business, and the owner is LMI; or
2. You as the business owner (not low income), will commit to either retain employees who are LMI or you will create a job available to LMI residents of Pittsfield.
• Retention of an existing job is defined as a job, currently held by a LMI employee who is a resident of Pittsfield, would be lost without the assistance or:
• Creation of new jobs (or rehiring former jobs) is defined as a job, that is known to be held by a LMI person and steps will be taken to ensure that the job will be filled or made available to a LMI person who is a resident of Pittsfield.
In an effort to ensure the funding reaches the most vulnerable businesses in our city, special consideration will be given to micro-enterprises and Black, Indigenous People of Color (BIPOC), women, veterans and LGBTQIA owned businesses.
• You could qualify for up to $10,000, if you are a qualified business and your business has not received previous funding from the city.
• You could qualify for up to $10,000, if you are a micro-enterprise and your business has received previous funding from the city.
• You could qualify for up to $5,000, if you are a qualified business and received prior funding from the city in the amount of $10,000.
• You could qualify and be placed on a list for consideration, if you are a qualified business and received prior funding from the city in the amount of $15,000.
To be eligible, the small business must meet all of the following requirements:
• Be located in the City of Pittsfield
• Be a micro-enterprise and meets the guidelines or the business owner (not low income) must be committed to retaining or creating a job for a LMI person who lives in Pittsfield
• Have been in operation since January 2019
• The business must be able to document a loss of gross income due to the Covid-19 pandemic since February 29, 2020, (priority will be given to businesses who show a loss of 50% or more)
• The business must be in good standing with state and the city. Be current on all local taxes, have valid state licenses and local permitting, have no outstanding local, state or federal tax liens or legal judgments, or unresolved non-compliance status for previous CDBG assistance.
Business owners can check income eligibility using the HUD Income Guideline chart below. This is based on total gross family income for the last 12 months. Is it less than or equal to the amount indicated for the size of your household? (Please be sure to include all sources of family income).