Creating opportunities for people to live, work, & thrive on the Lower Cape
Tools to Help Small Business

Important Updates
Cape Cod Resilience Fund

Applications for the first round of grants for the Cape Cod Resilience Fund open Friday June 5th at 9am and will remain open until Monday, June 8th at noon.
Eligible Cape Cod small businesses will be considered for one-time grants of $500 to $2,000 to supplement day-to-day operational expenses. Click through the link below for the application and to review the criteria.

The final number of grant recipients will be determined the week of June 15th, which means there's still lots of time for the Cape Cod Resilience Fund to fund-raise and for you to donate in order to help more local businesses through these challenging economic times!

To apply click here
To donate to the fund click here 

The Senate passed the  Paycheck Protection Program Flexibility Act   of 2020 (H.R. 7010) which provides a number of changes to the PPP. This comes after the House passed the bill last week, and the legislation will now go to the President’s desk for signature.  HR 7010 makes several changes to the Paycheck Protection Program (PPP), including -

  • Extending the expense forgiveness period from 8 weeks to 24 weeks
  • Reducing from 75% to 60% the amount of loan funds that must be spent on payroll to qualify for debt forgiveness
  • Allowing businesses that receive loan forgiveness under PPP to defer payroll taxes
  • Pushing back the June 30 deadline to rehire workers to December 31, 2020.
  • Provide leeway on loan forgiveness for business owners who show they could not rehire workers or reopen due to safety standards.
  • Extend the time recipients have to repay the loan.

If these changes make this loan a better opportunity for your business, Apply today with you bank. If you have questions please email Pam or call your bank.

Reopening Update

We still anticipate that Governor Baker will announce Phase 2 Reopening. It is anticipated that the Phase 2 Plan will have sub-phases. So stay tuned!

Community Development Partnership | | Eastham, MA 02642
This institution is an equal opportunity provider and employer.