Milpitas has introduced a Microenterprise Assistance Program (MEAP) to aid the local small business community by allocating $200,000 in federal funds. This initiative will offer grants of $5,000 each to 40 eligible microenterprises, specifically defined as businesses with five or fewer employees. The funding aims to help with operational costs such as rent, payroll, and utility payments, with a focus on supporting diverse businesses, notably in the daycare sector. Applications are due by March 14, with eligibility criteria established to ensure targeted support for those most in need.
Milpitas has allocated $200,000 to support local microenterprises, providing $5,000 to each of 40 eligible businesses to alleviate economic challenges.
The Microenterprise Assistance Program aims to offer crucial financial support to small businesses with five or fewer employees, emphasizing a diverse array of operations.
City Manager Ned Thomas states, 'By partnering with Forward, we are actively supporting the financial resilience and growth of Milpitas businesses, reinforcing our city's reputation as a thriving hub for innovation and economic opportunity.'
#milpitas #microenterprise-assistance-program #small-businesses #economic-support #community-development-block-grant
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