According to Robert Cardamone, Executive Director Punxsutawney Chamber of Commerce, this $15,000 grant program provides unrestricted help to businesses during COVID-19.
“The whole intent is to help organizations that primarily had a shut down or reduce operations during COVID period,” said Cardamone.
Cardamone said the chamber along with the Punxsutawney Regional Development Corporation are funding this initiative.
He said eligible businesses must have less than $1,000,000 annual gross revenue in 2020 and be located within the Punxsutawney School District.
At this time, they’re only able to give out five $3,000 grants to businesses.
“While $3,000 isn’t a great amount of money for businesses that may be struggling that may be enough to keep term from closing their doors permanently,” said Cardamone.
He said businesses that receive grants must remain operational for 12 months after receiving the grant or they will be obligated to re-pay the funds.
“Our intent was that we didn’t want to put that $3,000 into a business that did shut down in two months,” he said.
President of the PRDC Frank Roberts released a statement that said, “The PRDC’s mission has always been to facilitate economic development within the Punxsutawney area. We know that many of our local businesses are struggling through this pandemic and we are pleased to partner with the Chamber to offer some much-needed assistance.”