Pa. small businesses’ requests for COVID-19-relief grants outpaces funding available by more than $600 million

By: Jan Murphy

Fifteen thousand applications were submitted In just three hours on the day the window opened for receiving applications for the first round of COVID-19 Relief Pennsylvania Statewide Small Business Assistance grants.

That overwhelming response for a share of the $200 million in grant aid to help businesses impacted by the pandemic took the network of Pennsylvania Community Development Financial Institutions (CDFIs), which administered the program, by surprise.

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