Ideas

Paige Gebhardt Cognetti
Mayor | Scranton, PA

ARP: Scranton PA, Creates Recovery Grants to Support Small Businesses

Idea Category: Jobs and Entrepreneurship | Funding Source: American Rescue Plan

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.”

More Idea’s From Paige Gebhardt Cognetti

ARPA Case Study: Scranton Mayor Paige Cognetti Invests in City’s Recovery and Resilience after Flooding

Idea Category: American Rescue Plan Act, Funding, Public Safety | Funding Source: ARP

Small Business Wage Boost

Idea Category: Jobs and Entrepreneurship, Promoting Equity | Funding Source: ARP