Small Business Focus: GRANT 2.0 Explained

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Yard signs marketing the GRANT 2.0 placed throughout Arlington

This column is sponsored by BizLaunch, a division of Arlington Economic Development.

In our last Small Business Focus, we announced Arlington’s Small Business GRANT 2.0 and focused on eligibility. Now with applications underway through Oct. 20, we thought we’d use this opportunity to explain how small businesses can leverage GRANT 2.0 funds.

Similarly, to GRANT 1.0 released in 2020, funds from GRANT 2.0 can be used for the following:

  • Retaining and/or supporting employees
  • Restoring financial resiliency
  • Increasing technology capacity
  • Creating new marketing strategies
  • Revising business plans

Many businesses awarded a GRANT last summer used the funds to pay rent and payroll expenses. However, some used their grant to revise business plans or to better leverage technology.

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