A new round of grants for hospitality businesses in Bucks County will open this month.
The county COVID-19 Hospitality Industry Recovery Program will offer grants of $5,000 to $50,000 to qualifying hospitality businesses impacted by the COVID-19 pandemic. The grant program is being funded by $7.1 million in state funds administered through the Pennsylvania Department of Community and Economic Development.
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The application will open March 15 and close April 2 on the Redevelopment Authority of Bucks County website.
To qualify under the program, a business must be a for-profit company with a tangible worth of no more than $15 million, and must document at least a 25 percent drop in 2020 revenue. Eligible businesses also must have an NAICS classification code of 721 or 722, designating businesses that offer lodging and/or food and drink.
Approved grants will be awarded in the order they are received.
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A fact sheet on the grant program has been created by the county.
In 2019, the last full year before the pandemic, Bucks County’s tourism industry reported a record-breaking 8.29 million visitors, $1.1 billion in economic impact, and supported 29,000 jobs.
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“These new grants are critical to our efforts to help our small businesses in the hospitality industry,” Bucks County Commissioner Bob Harvie in a statement. “We are thankful to the state for recognizing this need and appreciate the help of our economic development agencies to get this money into the hands of people who really need it.”
The Bucks County grant program is being administered in partnership with the Bucks County Economic Development Corporation, the redevelopment authority, and Visit Bucks County.
“Hopefully we will be getting this money out into the hospitality industry and to the businesses that need it the most – quickly,” said Bucks County COO Margaret McKevitt.
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Questions can be directed to Deanna Giorno, Bucks County Economic Development program manager, at dmgiorno@buckscounty.org.
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