Below is the data summary for round 1 approved grants. Of the close to 5,000 small businesses approved in the first round of funding, more than 2,500 (51%) are historically disadvantaged businesses that have traditionally experienced discrimination when seeking financial services and financial products. Over 2,400 of the businesses are located in rural communities and disadvantaged areas and more than 1,200 in communities targeted for business investment by state government programs like Main Street and Elm Street.
More than two thirds of the approved awardees are women-owned businesses and 16% located in rural communities. The businesses represent industries that have been especially hard hit by the pandemic including retail, food and hospitality, health and wellness, and personal care. See the graphs below for more detail.
* Grant disbursements for approved apps are subject to verification requirements
** Breakout TBD
*** Includes those located in communities experiencing higher than average poverty rates, lower income (less than 80% of area median), higher than average unemployment rates and/or high population loss
**** Includes those in communities participating in one of the following designated revitalization programs including active DCED designated Main Street and Elm Street communities, a community in the Trail Town Program™, communities located in the PA Wilds™, commercial corridors in Philadelphia, or Neighborhood Business Districts in Pittsburgh