Scranton Mayor Paige Cognetti announced millions in American Rescue Plan Funds for small business grants. The grants will help small businesses promote job opportunities and increase employee retention, during this period of labor shortages and inflation. The wage boost program provides businesses with fewer than 50 employees with up to $50,000 over 3 years to increase wages.
Update
Scranton Mayor Paige Cognetti announced the first five businesses to receive funds from the city’s creation and expansion grants. This program, funded by the American Rescue Plan, covers up to 25% of eligible businesses’ startup or expansion project budgets with a $100,000 maximum grant per business. The first five businesses to receive grants will use the funds to create jobs and expand their footprints in the city. About $900,000 remains in the category of funding, it will be first come first serve for any remaining applicants.
As reported by The Times-Tribune, “The grants come from $1.25 million in ARPA funds allocated by the city in May, Cognetti said during an announcement at Downtown Deli, 300 Biden St., which is one of the five recipients.”
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