New Hampshire Governor Chris Sununu has authorized the allocation of $100 million from the CARES Act Coronavirus Relief Fund for MSRF 2.0—a second round of funding for the Main Street Relief Fund (MSRF), a program providing economic support to New Hampshire small businesses suffering from business interruptions as a result of COVID-19.
MSRF 2.0 grants will be available both for eligible businesses that did not receive grants during the initial round of funding, as well as eligible businesses that received grants of less than $350,000 from either the initial round of MSRF or the GAP Fund.
MSRF 2.0 grant amounts will be calculated similarly to the initial round of MSRF and the GAP Fund. The maximum amount received cannot exceed $350,000, including grants received during the initial round of MSRF or GAP funding.
In order to qualify for MSRF 2.0, a business must demonstrate that they have experienced (or anticipate that they will experience) a financial loss due to COVID-19, and must:
- Be a for-profit business
- Have their principal office located in New Hampshire
- Have employed at least one non-owner W-2 employee prior to COVID-19
- Have been in operation since at least May 29, 2019
- Anticipate a loss of gross receipts from 2019 to 2020 due to COVID-19
- Have total 2019 gross receipts less than $20 million
- Have received a total of less than $350,000 from the initial round of MSRF or the GAP Fund
- Not have received a Self Employed Livelihood Fund (SELF) grant
- Not currently be in bankruptcy
- Not currently be permanently closed
Nonprofit organizations, agriculture businesses, childcare providers, elementary or secondary schools, institutions of higher education, and hospitals or other healthcare providers are not eligible for MSRF 2.0.
The deadline for businesses to apply for MSRF 2.0 is 4:00 pm October 30, 2020.
If you have questions about the New Hampshire Main Street Relief Fund 2.0, leave a comment below, or feel free to contact me directly, I’m happy to help