Forty-seven local businesses from across Cape Cod were awarded grants ranging from $500 to $2,000 during the first round of giving from the recently launched Cape Cod Resilience Fund.
The Cape Cod Resilience Fund was created in late April by local small business advocacy organization Love Live Local with the support of the Hyannis Main Street Business Improvement District. It was created in response to devastating effects of the COVID-19 pandemic on the region’s small business community.
“Our goal was to launch the Cape Cod Resilience Fund with donations from individuals and other generous partners in order to provide economic relief for our local businesses who are the heart and soul of our region’s economy,” said Love Live Local CEO Amanda Converse, “and with the help of with the help of 375 individual donors, the fundraising efforts of 35 local businesses and organizations, and a grant obtained by the Town of Barnstable we were able to raise $49,000 for our first round of grants.”
108 applicants submitted applications for the grants – which were reviewed by an independent committee – for the first round of funding, which Converse says indicates the need for financial assistance in the region is great.
“From the beginning of the economic shutdown, Love Live Local has been telling anyone who will listen that the small business community on Cape Cod was going to need more help beyond what the federal government was offering,” Converse continued. “That need will persist as the effects of the economic shutdown and continued slowdown continue to be felt.”
The Cape Cod Resilience Fund will continue its fundraising efforts with the goal of raising $100,000 by Labor Day and to give out a second round of grants around the same time.
“We have every desire to help each and every one of the applicants who didn’t receive funding in the first round, and more, in a second round of funding,” said Elizabeth Wurfbain, executive director of Hyannis Main Street Business Improvement District.
Love Live Local and the BID’s efforts have been supported by a coalition of local business organizations including Brewster, Canal Region, Chatham, Harwich, Hyannis Area, Mashpee, Orleans, Provincetown and Wellfleet chambers of commerce.
For more information on the Cape Cod Resilience Fund, visit lovelivelocal.com/resilience.