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Eric Z. Stevenson is a member of Stark & Stark’s Business & Corporate Practice Group. Mr. Stevenson concentrates his practice in the representation of start-up companies, investment companies, and non-profit organizations on a variety of issues, including corporate formation, financing, franchising, licensing, acquisitions, executive compensation, equity compensation plans, employment agreements, real estate, governance, and intellectual property law.

On Monday, applications for the second round of funding under the COVID-19 Relief Statewide Small Business Assistance Program were opened. Grants of between $5,000 and $50,000, depending on a business’ revenues, will be issued by Pennsylvania’s 17 Community Development Financial Institutions within two weeks of the application period closing. Funding for the grant program comes from federal stimulus money provided to the state through the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Continue Reading Pennsylvania COVID-19 Relief Statewide Small Business Assistance Program

On June 8, Governor Wolf announced a $225 million statewide grant program for small businesses impacted by COVID-19. The Department of Community and Economic Development (DCED) will distribute the funds to Community Development Financial Institutions (CDFIs), which will then administer the funding in the form of grants. The DCED will issue further guidance regarding the grants later this week.

Continue Reading Pennsylvania Approves $225 Million for Small Businesses Impacted by COVID-19