City of Altoona Economic Recovery Grant Program Now Open
Applications are now being accepted and process for the City of Altoona’s Economic Recovery Grant Program. This program was created to meet the hiring needs of small for-profit businesses located within the City of Altoona.
“As the effects from this pandemic and the mandatory shut-downs continue to be endured by our small businesses we wanted to create a grant program to directly assist these companies in putting people back to work,” said City of Altoona Mayor Matt Pacifico. “This program will assist those workers that have been adversely affected since March 1 by allocating funds to their employers for hiring or re-hiring individuals.”
The funding is made possible through an allocation of the City of Altoona’s CARES Act/COVID-19 Community Development Block Grant (CDBG) Relief Act funds. Applications are being processed by the Altoona Blair County Development (ABCD) Corp. in partnership with the City of Altoona. All allocations of grant funds will come directly from the City of Altoona.
To apply for the program please visit www.abcdcorp.org/financing and choose the City of Altoona Grant Program tab. Details on the program are below.
City of Altoona Economic Recovery Grant Parameters:
|Eligible Companies:||– A for-profit business located in the City of Altoona
– Less than 50 employees
|Grant Amount:||– $3,000 per qualified full-time equivalent (FTE) hire
– Maximum of 3 grants per business ($9,000 total)
|Job Requirements:||1 full-time equivalent hire per $3,000 grant.|
– Hired on or after September 9, 2020