The pre-application window for the programs second round is July 13-26, 2020. The programs organizers plan to continue raising money to make additional grants. The Program will provide $10,000 grants to qualifying small businesses. The terms of the loan will mirror those of Dallas Countys Emergency Business Assistance Program. All three rounds have been funded by the citys Economic Development Retail Sales Tax, a one-quarter percent retail sales tax the City enacted in 2006. The program received more than 26,000 applications, far outpacing the amount of funding available, and expected to be able to provide grants to roughly 1,100 small businesses. The program offers no-interest loans of $10,000-$75,000 to businesses with 3-50 full-time employees and low-interest loans to nonprofits in Gloucester, Cumberland, Salem, and West Atlantic Counties. Mayor Kirk Caldwell has said that, if the relief fund is successful, he will add another $25 million to the Fund. By abiding by the 30% rule, you can save and splurge at the same time. The Duluth 1200 Fund, an economic development program providing incentives for business expansions and relocations, created a 2020 Fast Grants program to support small businesses affected by the COVID-19 pandemic. On August 14, the City of New Orleans has launched a $100,000 Outdoor Dining grant program, offering grants of up to $2,000 to help restaurants expand their outdoor seating areas. The Fund will make 1,000 grants of $5,000 each. Following an outpouring of interest, the County doubled the fund to $200,000. On July 15, West Virginia Governor Jim Justice announced the creation of the Governors West Virginia CARES Act Small Business Grant Program, capitalized with $150 million of the states federal CARES Act allocation. Several other organizations are contributing to the Program to help small businesses in specific neighborhoods. A second round ran from April 20 May 2. $40 million of the $275 million is earmarked for businesses owned by women, minorities, and veterans. Applications were available the week of May 4 and due by June 1. The City of Springfields Prime the Pump grant program has offered four funding rounds since its launch on March 24. The program began accepting applications on March 31 and closed on April 14. Loans from $1,000-5,000 are available, with 2-3 percent interest and repayment deferred for up to six months. The application window closed April 19. Online banks tend to use The program was administered by the Arizona Community Foundation. Grants may be used for lease payments, utilities, payroll to bring employees back to work, remote working expenses, personal protective equipment, inventory, and reopening supplies, equipment, and renovations. The Senate alone considers treaties, which must be ratified by a two-thirds vote. To be eligible, fitness professionals must have worked for at least five years as a personal trainer or group-exercise instructor, must be currently certified, must not have received other government or employer-based assistance, and must demonstrate a significant income loss as a result of COVID-19. As of August 24, application materials were not available (but will be available here). The State of Oregon offered an Emergency Business Assistance Matching Fund, capitalized by $5 million from the states general fund and $5 million redirected from existing programs at Business Oregon, to make grants to entities that, in turn, can re-grant money directly to small businesses. Q: Which loan should you pay off first? gifted the Blue Water Startups & Entrepreneurs $2,000 to launch a microgrant program for small business owners in St. Clair County. When interest rates are rising, Thats why its called a match, see? in late July, the legislature amended the program to make it available to more businesses, extending the maximum grant to $15,000 (businesses with multiple locations may receive grants of up to $30,000) and opening the program to businesses with fewer than 250 full-time employees. The first round of loans were awarded mostly to businesses in the central city; the second round included greater geographic diversity. Homeownership. How do Banks Set Rates on Certificates of Deposit? Nonprofits and farm businesses are not eligible. Port authorities have been prohibited from using their own funds to issue grants in the past, but the state Attorney General has waived this restriction during the COVID-19 pandemic. Best Credit Cards; Helpful Guides. Franklin County has allocated $1.6 million for grants and $400,000 for technical assistance to Black-owned businesses negatively affected by the COVID-19 pandemic. Certain types of businesses are excluded, including national chains, businesses with code violations, and pawn shops. Lee Countys $25 million Business Rehire program offers grants of $5,000-$8,000 to help businesses rehire employees who lost their jobs because of COVID-19. The program was open to businesses located in the Kansas City region with 20 or fewer full-time-equivalent employees and $2.5 million or less in annual revenue. The states goal is to make $5,000 grants to 10,000 qualifying businesses. Were calling you out on that. Loans were awarded on a first-come, first-served basis, with 25 percent set aside for micro businesses with five or fewer employees. The maximum amount of assistance that a business can receive is $8,500, which can then be used for employee wages, vendor bills, rent, utilities, and business promotions. Grants will be targeted to the neediest businesses those that have suffered operating losses, that do not have access to other sources of relief, and that lack adequate reserves. Town Council approved a Business Assistance Program to provide grants to small businesses adversely affected by COVID-19. Grants for each recipient range from $100 $200 depending on an organizations need. Priority will be given to minority-owned businesses, businesses with 15 or fewer employees, and businesses that have not received federal pandemic-related financial assistance. Until April 25, Montgomery County offered COVID-19 pandemic relief grants of up to $75,000 for businesses with up to 100 employees. The Small Business Recovery Assistance Fund began accepting applications on June 24, offering loans of up to $7,500. How much debt do you want to pay offand when? The program is funded with a portion of the Countys $75.7 million CARES Act allocation. To be eligible, businesses must have 10 or fewer employees, have been in operation for at least six months, and have not received funding through other sources, such as EIDL or PPP. The Reboot Loan, which has not yet been launched, offers loans of up to $20,000 for businesses that have had to temporarily close. As of June 1, it had exhausted its funding but was continuing to raise money in order to offer additional grants in the near future. Loan repayment is deferred for 36 months. Businesses can apply for up to $10,000 for reimbursable expenditures related to COVID-19 including rent, payroll, and operating expenses. Home-based businesses are not eligible for the program. The City then contributed $3 million more to the program for a second round, then an additional $1.2 million for a third round. The program will be administered by Community LendingWorks. The Fort Thomas Business Assistance Program was launched on March 30 and closed on April 30. The program offers grants of up to $25,000, on a reimbursement basis. We explain more here. The program, which is open to both for-profit businesses and nonprofit organizations, offers grants of up to $2,500 for sole proprietors and grants of up to $10,000 for others. Heres why we love this number. Royal Oaks Downtown Development Authority has launched Downtown Dollars to provide community members with free $20 giftcards to shop and eat at local restaurants and businesses. ? If the decedents estate has a net value below $25,000, there is no tax. On November 30, California Gov. The Economic Relief Bridge Program provides interest-free loans of up to $7,500 to businesses affected by COVID-19. Depositors can walk into a local branch and open the CD and fund it that day. The City of Denver is creating a $44 million Small Business Emergency Relief program, offering grants of up to $7,500. Businesses with annual revenues of $1 million or more are not eligible to apply. On May 22, AltCap announced that the Fund was reopening on May 27 for a second tranche of loans. A: The one with the best interest rate. The City of San Antonio accepted applications from July 13-27 for its $24.7 million COVID-19 Recovery Grant Program, which offered grants of up to $75,000 depending on number of employees. Spanx and The Spanx by Sara Blakeley Foundation has partnered with Global Giving and donated $5 million to support female entrepreneurs affected by the pandemic by creating The Red Backpack Fund. The Fund makes working capital loans of between $2,500-$10,000. Food prepared for immediate consumption and candy are all taxable, however. Businesses with more than 100 employees, chain stores, nonprofit organizations, home-based businesses, and certain types of businesses are not eligible. On April 16, the City of Gibson launched an $80,000 C-19 Small Business Loan Program, offering $2,500 loans to up to 32 small businesses. Businesses must have been active for at least one year and be current on all taxes through 2018. The county continued to accept applications until January 23, 2021. The program began accepting applications in mid-October, and all grants will be awarded by December 30, 2020. By September 2, 2020, all funds were exhausted. Applications received before October 1 will receive first priority. On March 31, a coalition of Kansas City-based organizations announced that they were creating a $5 million KC Covid-19 Small Business Relief Fund, to be administered by AltCap, a Community Development Financial Institution. The City of Cape Charles has launched an $845,000 small business relief grant program, using Community Development Block Grant funds from the Commonwealth. In mid-September, Milwaukee County launched a $7 million Small Business Initiative Grant program, offering grants of $7,500 to $20,000 to small businesses negatively affected by the COVID-19 pandemic. Democrats hold an overall edge across the state's competitive districts; the outcomes could determine which party controls the US House of Representatives. The application period was June 3-17. The program was funded with $100,000 transferred from the Citys Microenterprise Assistance Program, plus additional contributions from the Local Development Corporation, the Industrial Development Agency, and the Citys Revolving Loan Fund. The program is funded with money from the Virginia Main Street Program, housed within the Virginia Department of Housing and Community Development. To be eligible, businesses must have 25 or fewer employees. The application process opened on May 26, and grants will be awarded on a first-come, first-served basis. The program ultimately awarded over $1.6 million to more than 500 restaurants and bars. The Virginia 30 Day Fund, launched by a tech entrepreneur, provides 30-day loans to small businesses waiting for federal funds. Itasca County, in partnership with the Itasca Economic Development Corporation (IEDC), launched the $1.8 million Itasca Business Relief Grant Program (IBR), offering direct grants to business owners in Itasca County who have faced financial hardship as a result of COVID-19. In late May, San Diego County announced development of a $5 million low-interest loan program for small businesses in unincorporated parts of the County. To qualify, a business must have 35 or fewer employees, have a current city business license, be current on all city payments, and be open at least 32 weeks a year. Round 3 was open to public entities that have or that will develop a community business assistance program that meet the states parameters. The City of La Quinta used $1.5 million from its emergency disaster reserves to fund the COVID-19 Small Business Emergency Economic Relief Program. The Program accepted applications for one day only May 11 and was capitalized by $5 million of the Countys CDBG-CV allocation via the CARES Act. Applicants must have applied for and have an application number from the US Small Business Adminstrations COVID-19 Economic Injury Disaster Loan program. Applications were available online as of July 27. In July, the City of Coppell launched two relief programs for small businesses affected by the COVID-19 pandemic: the Coppell CARES Restaurant Assistance Grant and the Coppell CARES Business Retrofit Grant. In early May, Dallas County announced the creation of the Dallas County Emergency Business Assistance Program, using $5 million of its allocation from the federal Coronavirus Relief Fund to make forgivable loans of up to $15,000 to small businesses outside the City of Dallas that have not received any federal pandemic assistance. Loans will be forgiven if jobs are created, retained, or restored after one year. The program awarded its first round of grants to 142 businesses on July 28, totaling $2.4 million. There Are 5 Types of Financial Emergencies Cook County launched a $10 million Community Recovery Fund on April 7, offering no-interest loans to suburban small businesses, gig workers, and independent contractors. The Sweet Relief Musicians Fund has created a donor-directed relief fund for musicians and music industry workers affected by COVID-19. The fund ultimately received more than 2,700 applications and is now closed. Kandiyohi County is using $1.308,900 of its CARES Act allocation for a CARES Pandemic Relief (CPR) Grant Program for small businesses and nonprofits. Ramsey County began accepting applications for its $15 million Small Business Relief Fund on May 27. The City of Evansville, in partnership with the Southwest Indiana Small Business Development Center, launched the $100,000 Restart Evansville Post Pandemic Loan Program on April 27. 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