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State urges small businesses to apply for new grant money - News3LV

State urges small businesses to apply for new grant money - News3LV


State urges small businesses to apply for new grant money - News3LV

Posted: 29 Sep 2020 04:45 PM PDT

[unable to retrieve full-text content]State urges small businesses to apply for new grant money  News3LV

More than 11.3K Michigan businesses awarded grants through Small Business Restart Program - WLUC

Posted: 29 Sep 2020 10:34 AM PDT

MARQUETTE, Mich. (WLUC) - More than 11,300 small businesses and nonprofits across Michigan have been awarded $69 million in grants by local economic development organizations as of September 10, 2020 through the Michigan Small Business Restart Grant Program, the Michigan Economic Development Corporation announced today. The program was launched to provide relief for small businesses that have been negatively impacted by the COVID-19 pandemic.

"Over the past six months, small business owners who have spent their entire lives building their businesses have made incredible sacrifices to protect their communities and our brave frontline workers from COVID-19. I know it hasn't been easy, which is why we're working around the clock to provide support for our small business owners. The Michigan Small Business Restart Program is providing much-needed relief to those small businesses and nonprofits hardest hit by the impact of COVID-19 as they work to recover from the pandemic," said Governor Gretchen Whitmer. "This program puts federal funding to work for Michigan's small businesses and builds on additional COVID-19 business relief efforts offered by the MEDC to create a strong foundation for Michigan's long-term economic recovery."

Approved in July, the Michigan Small Business Restart Program allocated $100 million of federal CARES Act funding to provide support to Michigan's small businesses and nonprofits that are reopening and have experienced a loss of income as a result of the COVID-19 crisis. The funding was distributed across 15 local or nonprofit economic development organizations (EDOs) covering all 83 counties in the state for grants up to $20,000 to support certain small businesses and nonprofits that have realized a significant financial hardship as a result of the COVID-19 pandemic.

As of September 10, $69 million in grants have been awarded, with all remaining grants to be awarded by September 30, 2020 and reported by mid-October. At least 72,950 jobs have been retained for Michigan workers through these initial grant awards. Of the businesses to receive an award to date, 3,030 reported as minority-owned, 4,365 reported as woman-owned, and 550 reported as veteran-owned, with some businesses selecting multiple categories. At least 30 percent of the funds awarded under the program were required to be provided to women-owned, minority-owned or veteran-owned eligible businesses, and all EDOs are on track to meet, or exceed, this requirement in the awards being made.

$4.5 million has been awarded to 730 businesses and non-profits across the Upper Peninsula, InvestUP says.

"We are so grateful to our federal and state legislators, the Governor and our partners at the Michigan Strategic Fund and the MEDC for making this funding available to Upper Peninsula businesses.  Despite their incredible efforts to muscle through this crisis, the number of applications we received from small businesses further illustrates the profound need that the small business community has to manage this unprecedented challenge – which has also further demonstrated that small businesses are the heartbeat of the local economy," said Marty Fittante, CEO of InvestUP.  "Judging from the number of heartfelt messages we received from the grantees who were selected, it is clear that for many, this funding was truly a lifeline.  Our one regret is that we did not have the funds to address the needs of all who applied as selecting recipients here was so difficult, as those businesses and non-profits that were not fortunate enough to receive an award were very deserving and in need as well."

"Receiving the Michigan Restart Grant was a life-saver for me and my salon," said Kate Chaperon, owner of The Good Earth Salon in Iron Mountain. "During the COVID shutdown, there were many times as a small business owner where I wondered if we would make it through. Without the deferral of most bills, and with my family having two small business as our only sources of income, savings accounts dwindled, and talks were had about selling assets. The Restart Grant helped us get back on our feet. It was an opportunity to help with payroll expenses, taxes due, and overhead. Words cannot express my gratitude for this opportunity. I am thankful for the people that made this happen and overjoyed that The Good Earth Salon was a recipient."

Clare Tasson, the owner of Pine Grove Bar in Republic said, "The grant has helped pay the bills that we needed to pay. It has been a great help and has been wonderful for us to have. We are getting caught up on everything. It has helped our bar so much."

Of the funding awarded through this program, the legislature required at least 30 percent of that allocation to be awarded to eligible businesses that were women-owned, minority-owned, or veteran-owned. That statutory threshold apparently motivated business owners from these three communities to apply for the grant in the Upper Peninsula, as women-owned, veteran-owned and minority-owned businesses made up nearly 49 percent of all applicants, with nearly a like number of those applicants being selected. The average grant award across all U.P. counties is just under $6,000.

"The Michigan Small Business Restart Program is providing a significant opportunity to address immediate needs of small businesses and nonprofits as they work to recover from the impacts of COVID-19," said Michigan Economic Development Corporation CEO Mark A. Burton. "We are proud to work with our economic development partners to deliver these vital financial resources and create a path toward economic recovery for small businesses throughout Michigan."

The grants under the Michigan Small Business Restart Program may be used as working capital to support payroll expenses, rent, mortgage payments, utility expenses or other similar expenses.

To qualify for grant support, businesses had to meet the following criteria, based on statutory requirements for the program:

  • Is a business or nonprofit with fewer than 50 employees that can demonstrate it is affected by the COVID-19 emergency
  • Needs working capital to support eligible expenses
  • Demonstrates an income loss as a result of the COVID-19 emergency

Selected EDOs were responsible for reviewing applications of small businesses in their region and ultimately determining grant awards through the program. Each EDO established a review committee that could include representatives from local workforce agencies, local SBDC representatives, business and nonprofit leaders, among others. The full list of EDOs administering Michigan Small Business Restart grants, the counties they served, and the number of businesses supported is below.

To see the full list of businesses that were awarded Restart grants as of September 10, 2020, click here. Upper Michigan businesses are awarded grants through InvestUP.

The Michigan Small Business Restart Program is modeled after the Michigan Small Business Relief Program, approved on March 19 by the Michigan Strategic Fund to support small businesses impacted by the COVID-19 crisis.

The Michigan Small Business Relief Program consisted of a total of $20 million aimed at supporting businesses in need of immediate relief. The program included $10 million that was distributed to 15 local EDOs to provide grants up to $10,000 to certain small businesses impacted by COVID-19. Additionally, the program authorized $10 million for small business loans of not less than $50,000 and not more than $100,000 to eligible borrowers impacted by COVID-19 that were not able to seek alternative, suitable financing.

Prior to today's announcement, the MEDC had launched 19 COVID-19 relief and recovery programs expected to support up to 10,000 businesses in the state and helping to retain more than 21,000 jobs across all 83 counties. To learn more about MEDC's COVID-19 response programs and the impact they are having on economic recovery efforts, visit michiganbusiness.org/covid19response. Other resources for economic reopening efforts as well as businesses across Michigan struggling with economic losses as a result of the COVID-19 virus can be found online at michiganbusiness.org/covid19.

About Michigan Economic Development Corporation (MEDC): The Michigan Economic Development Corporation is the state's marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan's economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on Facebook, Instagram, LinkedIn and Twitter.

Copyright 2020 WLUC. All rights reserved.

Applications now available for CARES Act funding for small business grants - Las Cruces Sun-News

Posted: 01 Oct 2020 10:04 AM PDT

From Staff Reports, Las Cruces Sun-News Published 11:03 a.m. MT Oct. 1, 2020 | Updated 11:29 a.m. MT Oct. 1, 2020

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LAS CRUCES — Doña Ana County was awarded $3,039,750 from the CARES Act Relief Fund. The fund makes monies available to local governments to provide grants to small businesses impacted by COVID-19. 

The cities of Anthony and Sunland Park, the town of Mesilla and the village of Hatch partnered with Doña Ana County on this effort, according to a county news release. The Greater Las Cruces Chamber of Commerce will accept applications from small businesses for the grants.

"The pandemic has been a terrible strain on all of our communities. We are fortunate to get these funds to help small businesses located outside the of the City of Las Cruces," said Fernando Macias, Doña Ana County Manager.

Businesses that are eligible to apply for a grant must meet the following criteria:

  • Have an active business registration license in good standing;
  • Located in Doña Ana County unincorporated areas, City of Anthony, City of Sunland Park, Town of Mesilla and Village of Hatch;
  • Business is headquartered in Doña Ana County;
  • Business has been forced to close or severely curtailed business operations as a result of closure orders from the State;
  • Have 50 or fewer full-time equivalent employees;
  • Have an annual revenue of $2 million or less prior to the impact of COVID-19;
  • Businesses must have had a start date prior to March 1, 2019;
  • Nonprofit organizations as designated by IRS and have a certificate of good standing with the State of New Mexico.

"We are encouraging businesses to apply as soon as possible," said Debbi Moore, CEO of the Greater Las Cruces Chamber of Commerce.

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Distribution of funding will begin upon review of completed applications. 

For more information, please see the application and frequently asked questions available on the following websites:    

MORE: Doña Ana County to give 'hazard pay' to some essential public employees

Applications may be submitted:

  • Online:www.lascruces.org
  • By mail: DAC Business Grants
    c/o Greater Las Cruces Chamber of Commerce
    P.O. Box 519
    Las Cruces, NM  88004
  • In-person: 150 E. Lohman Ave, Las Cruces, NM 88001

Applications may also be dropped off at the Cities of Anthony and Sunland Park, the Town of Mesilla and the Village of Hatch government offices. 

For questions regarding the application, please call the Greater Las Cruces Chamber of Commerce at 575-524-1968.

Read or Share this story: https://www.lcsun-news.com/story/news/2020/10/01/applications-cares-act-funding-small-business-grants-dona-ana-county/5881204002/

First round of DE Relief Grants provides $25.7 million to small businesses, nonprofits - Delaware State News - Delaware State News

Posted: 01 Oct 2020 08:11 AM PDT

DOVER — Hundreds of Delaware small businesses and nonprofit organizations have been approved for the first round of DE Relief Grants, the largest cumulative grant award ever made by the state of Delaware to small businesses.

A total of 741 applicants will share $25.7 million in funding through the first round of the program. DE Relief Grants is a joint effort between the state of Delaware and New Castle County that is administered by the Delaware Division of Small Business.

The median grant award will be $20,000. The typical recipient in the first round had a median annual 2019 gross revenue of just under $325,000.

"This program represents an unprecedented effort to assist small businesses and nonprofits that are vital to Delaware's economy and to our quality of life," Secretary of State Jeff Bullock said. "The applicants for these grants employ thousands of people in Delaware. Getting them the resources they need is critical to their ability to successfully navigate this difficult period."

Among the DE Relief Grants:

  • 40% of funding went to businesses with fewer than 10 full-time employees ($10.4 million).
  • More than half of that went to businesses with fewer than five full-time employees ($5.6 million).
  • 79% of funding went to businesses in disproportionately impacted industries, including restaurants, retail, personal care, child care, etc. ($20.3 million).
  • Nearly a quarter of funding went to women-owned businesses ($6.5 million).
  • 14% of funding went to minority-owned businesses ($3.5 million).
  • Grant recipients come from each of Delaware's three counties: New Castle businesses received 56% of the grants (has 62% of small businesses in the state); Sussex County received 33% of the grants (22% of small businesses in the state); and Kent County businesses were awarded 11% of the grant funding (14% of small businesses in the state).

The Division of Small Business began accepting applications for the second round of DE Relief Grants today at delbiz.com/relief.

Three rounds of grants totaling at least $100 million are planned, with the third round scheduled for early November. Funding not awarded in the first round is being rolled into future rounds.

"We hope businesses and nonprofits that did not receive funding in Round 1, or did not apply, will apply in Round 2," Division of Small Business Director Damian DeStefano said. "We are pleased so many of the Round 1 applications came from businesses we know have been hit hardest by the pandemic, such as those in hospitality and retail, minority- and women-owned businesses and very small, family-owned firms. This grant will make a substantial difference during these challenging economic times."

Businesses applying for a DE Relief Grant in Round 2 should make sure to:

• Provide their entire federal 2019 tax return (including all schedules and attachments).
• Submit their current state of Delaware business license (make sure it is not an expired license nor a municipal license).
• Confirm their expenses are eligible.
• Triple-check their application for accuracy before submitting.

Numerous resources for applicants can be found at delbiz.com/relief, including an extensive Q&A document, demonstration videos and a full explanation of eligible expenses. Plus, new for Round 2, businesses can call the division's helpline at 672-6816 to reach a regional business manager both today and Friday from 10 a.m. to 4:30 p.m. for assistance with their applications.

Small business relief grant applications now available - Cheney Free Press

Posted: 01 Oct 2020 12:18 PM PDT

MEDICAL LAKE — Small businesses who experienced negative financial situations directly attributable to the COVID-19 pandemic can now apply for coronavirus relief funding (CRF) grants through an application process available on the city website.

The city received $225,225 in virus relief fund allocation from the state as part of the federal CARES act. Council agreed with city administration's plan to allocate $120,000 of those funds for small business grants, and city administrator Doug Ross made the application for small businesses available Sept. 23.

Grants are expected to be between $2,000 and $7,500 depending on demand and individual business need. The funding will be on a reimbursement basis; businesses will apply to the city, who will then apply to the state for the reimbursed funds before giving them back to the business.

Businesses can apply online by going to the city website. A green link on the website's home page links to the application, which takes approximately 30 minutes to complete.

To qualify for potential financial relief, businesses must be for-profit, within the city limits of Medical Lake and have experienced a decrease in revenue directly correlated to COVID-19. The business must also have 25 or fewer employees as of March 1, 2020 to count as an eligible small business.

The application asks for basic business information like addresses, websites, number of full and part-time employees, annual gross revenue and a description of business services. It also asks for a number of employees laid off due to COVID-19.

The application also asks about the business's sector, and whether it is owned by a minority, veteran, woman or member of the LGBTQ community.

It then asks for a description of how the business has been impacted by the pandemic, how long that impact may last and what the long-term effects of that impact may be. Businesses are also asked to provide the minimum amount of grant funding that would help the business stay solvent, and whether the business is currently closed due to the state's "Stay Home, Stay Healthy" order.

The application then asks how the business will use funding, and whether the business has previously received any federal, state or county funds related to COVID-19. If the answer to this question is "yes," the application also asks how the business will use the funds from the city differently than previously obtained grants.

Applications are due by Oct. 9 at 2 p.m. and must be mailed or emailed to the city. They can also be deposited in the utility payment box outside city hall. They can be completed manually or electronically.

As of press time, the city had not received any completed grant applications.

Drew Lawson can be reached at drew@cheneyfreepress.com.

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