A new Small Business Administration initiative, the Community Navigator Pilot program, will provide millions in grants to eligible organizations, including state and local governments, to speed post-pandemic economic recovery. "State and local governments are among the entities eligible to apply for the SBA’s Community Navigator Pilot program, which will offer $100 million in grants to agencies that develop a system to deliver services to underserved small businesses," Andrea Noble reports for Route Fifty. "The program offers eligible organizations, including governments, grants from $1 million to $5 million."
The government has already provided targeted relief from the SBA's Paycheck Protection Program and other programs, but many businesses could use advice and support in navigating the new economy, Bruce Strong, the state director of the Minnesota Small Business Development Center Network, told Noble. Even businesses that got PPP loans could benefit from a navigator program to ensure they use and document the funds properly, he said.
The program will award grants to up to 100 programs. The application deadline is in July, and the SBA expects to announce the awards in August. Click here for more information.