Main Street Relief Fund 2.0
October 15, 2020
Governor Chris Sununu has authorized the allocation and expenditure of CARES Act Coronavirus Relief Fund (“flex funds”) to provide economic support to New Hampshire small businesses suffering from business interruptions as a result of COVID-19.
MSRF 2.0 supports both (1) businesses that did not receive grants from the initial round of MSRF or the General Assistance & Preservation (GAP) Fund, and (2) businesses that received grants of less than the maximum $350,000 from the initial round of MSRF or the GAP Fund, if eligible according to the criteria described below. Businesses that received a Self Employed Livelihood Fund (SELF) grant are not eligible for MSRF 2.0.
The $100 million MSRF 2.0 will be shared among new recipients and prior recipients of MSRF and GAP Fund grants using a pro-rata formula based on gross receipts losses adjusted for other COVID-19-related funding received from all sources, including all grants received from GOFERR flex funds programs. MSRF 2.0 grants will be offset by GOFERR program grants previously received on a dollar-for-dollar basis, including, particularly, from the initial round of MSRF and the GAP Fund. The maximum amount received from MSRF 2.0 cannot exceed $350,000, including grants received from the initial round of MSRF and the GAP Fund.
Important Dates & Timeline:
Application Period: October 19, 2020 – October 30, 2020
Deadline to Submit Completed Application: 4:00 PM on October 30, 2020
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