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Anchorage announces recipients of $5 million in small-business COVID-19 relief grants - Anchorage Daily News

Anchorage announces recipients of $5 million in small-business COVID-19 relief grants - Anchorage Daily News


Anchorage announces recipients of $5 million in small-business COVID-19 relief grants - Anchorage Daily News

Posted: 01 Oct 2020 04:59 PM PDT

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On Thursday, the Municipality of Anchorage announced the recipients of its second wave of small-business COVID-19 relief grants.

The money comes from the CARES Act federal COVID-19 economic relief package, and is intended to help businesses impacted by the pandemic. Those selected will receive $10,000 grants to fund payroll, rent, utilities and other expenses.

In total, 495 businesses will receive funds, including restaurants, nail salons and construction companies.

Another 250 businesses were randomly selected from a larger pool vying for the remainder of the $5 million allocated for the second wave of the program.

Many more businesses applied than were selected, so the city is considering further relief options, the city said in its statement.

To be eligible, businesses must have had less than $1 million in gross revenue in 2019, had 20 or fewer employees in 2019, be located within the municipality and cater to people of all ages.

The $6 million for small-business grants is in addition to $14 million the city allocated for the hospitality and tourism industries and $10 million for child care providers.

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Facebook Small Business Grants Spark Identity-Theft Scam - Threatpost

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Deadline for small business grants is Oct. 9 | Latest Headlines - Franklin News Post

Posted: 01 Oct 2020 09:15 PM PDT

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The application for local businesses to apply for Small Business Recovery Grants is Oct. 9.

Franklin County began accepting applications Sept. 8 for the second round of one-time grants of up to $10,000 to assist small businesses in Franklin County, as well as businesses in the towns of Boones Mill and Rocky Mount.

The Franklin County Board of Supervisors set aside $500,000 to fund the grant pool through the use of a portion of CARES funding it received from the U.S. Treasury via the Commonwealth of Virginia.

This amount is in addition to the original $500,000 that was allocated in the first round of small business recovery grants. In the first round, Franklin County provided a total of $478,308 to 117 county businesses to assist with the impacts of the COVID-19 pandemic.

These are grants that do not need to be repaid if the business meets the program requirements for use of the money.

To date, the county has received 81 applications from local businesses for funds in the second round and anticipates providing approximately $270,000 in grant funding to these businesses. In the second round of funding, the grant pool is open to any business of less than 500 employees that did not receive funding in the first round and to self-employed persons that operate their business full-time without employees. Grants are available on a first come, first served basis until Oct. 9 or the funding runs out, whichever occurs first.

The U.S. Treasury's guidance allows localities to provide "grants to small businesses to reimburse the costs of business interruption" due to COVID-19. That can include temporary business closures, reduced revenue, reduction in workforce and other impacts caused by the pandemic.

The towns of Boones Mill and Rocky Mount have set up their own grant programs to help town businesses, and those businesses located within a town are eligible to apply for both the town grant, as well as the Franklin County grant. Franklin County has structured its grant program to offer maximum awards based on employment levels.

Businesses will be able to apply for the maximum grant amount based on their employment level or their actual demonstrable COVID-19 financial impact, whichever is less.

The guidelines of the program and the application are at www.franklincountyva.gov or by contacting Vincent Copenhaver at 483-3030 or vincent.copenhaver@franklincountyva.gov.

The grant amount will be based on the number of full-time equivalent employees, including the owner:

1–5 employees — maximum grant award: $2,500

6–10 employees — maximum grant award: $5,000

11–25 employees — maximum grant award: $7,500

26 or more employees — maximum grant award: $10,000

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