Supporting Historically Disadvantaged Small Businesses: Introducing the HDBA ARPA Grant Program

In the wake of the ongoing challenges posed by the COVID-19 pandemic, historically disadvantaged small businesses in Pennsylvania are facing unprecedented economic hurdles. Recognizing the critical need for support, a new grant program has been established in partnership with the Pennsylvania Department of Community and Economic Development (PA-DCED) and funded by the American Rescue Plan Act (ARPA) of 2021. The HDBA ARPA Grant Program aims to provide vital assistance to these businesses, offering a lifeline during these challenging times.

Administered not by Invest PGH but through the Pennsylvania Community Development Financial Institutions (CDFI) Network, this grant program represents a collaborative effort to address the specific needs of small businesses owned by racial or ethnic minorities across the state. It's important to note that all inquiries and applications for this program should be directed to and through the PA CDFI Network.

The scope of the program is substantial, with a total of $10.5 million allocated for distribution. Each eligible business selected for the grant will receive up to $10,000 in support. With the goal of reaching historically disadvantaged small businesses in every corner of Pennsylvania, the program anticipates funding at least 1,000 businesses across all 67 counties.

Unlike some grant programs that operate on a first-come, first-served basis, the HDBA ARPA Grant Program takes a different approach. Applicants have a window of opportunity to submit preliminary applications from Monday, February 5 through Friday, February 23, 2024. During this time, interested businesses are encouraged to carefully review the program guidelines and FAQs available on the PA CDFI Network’s program landing page.

It's essential for potential applicants to familiarize themselves with the requirements and procedures outlined on the PA CDFI Network’s website before initiating the application process. This webpage serves as a comprehensive resource for eligible small businesses seeking assistance through the HDBA ARPA Grant Program.

Technical assistance will be readily available through the Support Center established specifically for this program. For access to this invaluable resource, please visit the PA CDFI Network’s landing page, where you'll find the necessary contact information.

Grant programs such as the HDBA ARPA Grant Program play a pivotal role in empowering historically disadvantaged small businesses across Pennsylvania. Together, we can navigate these challenging times and emerge stronger, more resilient, and more inclusive than ever before. Let’s work together to ensure that historically disadvantaged businesses receive the assistance they need to thrive.