The Chelsea Business Foundation obtained limited funds from MassDevelopment to provide financial assistance to Latino and Small Businesses in the TDI District of Downtown Chelsea facing hardship caused by the COVID-19 pandemic. The assistance and cash awards ranged from $1,000 to $5,000 per business. The cash awards, totaling $50,000, was disbursed during the first week of May 2020 to more than 20 businesses.
Goal: This grant was intended to provide financial relief to small businesses in the TDI District to cover business expenses such as: rent payment, retain key workers and any other similarly critical immediate financial need.
Project: COVID-19 Financial Assistance – Block Grant