City offering small business grants - Coastal Courier

City offering small business grants - Coastal Courier


City offering small business grants - Coastal Courier

Posted: 21 Jul 2020 04:02 PM PDT

The City of Hinesville's Community Development Department (CDD) announced the opening of applications for the new Small Business Economic Recovery Grant Program, effective Monday at cityofhinesville.org, according to a press release issue by City PR Manager Whitney Morris-Reed.

The program will provide assistance to business owners with the sole purpose of helping small businesses continue operations and keep residents employed in a safe environment. Assistance must be compliant with federal regulations, as US Department of Housing and Urban Development (HUD) Community Development Block Grant Coronavirus Response (CDBG-CV) funds are being utilized for this program. Eligibility for this program is as follows:

• For-profit Hinesville based businesses in operation as of March 1, 2019.

• Structure may be sole proprietor, partnership, limited liability corporation (LLC), or corporation.

• Business/company must have paid, permanent employees as job retention is a required grant funding result or accomplishment.

• Fifty=one percent of funded positions must be considered low-to-moderate income by HUD guidelines

• Applicant must demonstrate that funding is necessary and sufficient to sustain the business.

• Applicant must be in good standing with City of Hinesville licensing, billing, inspections, ordinances, etc.

• Applicant must be in good standing with all applicable Federal and State regulations, including but not limited to minimum wage, unemployment tax, workers' compensation, etc. While the goal is to assist businesses as much as possible, there are four priority areas that may be factored in while applications are reviewed:

• Priority will be given to businesses with 10 or fewer employees

• Priority will be given to low-to-moderate income business owners.

• Priority will be given to businesses with several low-to-moderate income staff.

• Priority may be given to businesses within the downtown corridor.

Forty-five grants in the amount of $3,000 are expected to be awarded. Grant funding may be used for employee payroll – payments to the owner are not eligible. Up to 10% of funding received may be utilized for the purchase of masks/face coverings for business use. Funding may be disbursed as reimbursement of recently paid payroll expenses and/or as an advance with proof of payroll payments submitted monthly. The assistance must result in the continued employment of low-to-moderate income individuals. This program/assistance is a grant, which means no repayment is required. However, the recipient will be required to certify that the City's CDBG-CV assistance is not duplicative of any other funding. To view recipient responsibilities and submission guidelines, please visit https://www.cityofhinesville.org/528/Small-Business-Recovery-Grant. In order to provide assistance to businesses as soon as possible, applications will be reviewed on a weekly basis and awards made until funding is exhausted. Please note: Due to the anticipated response to this opportunity, staff will not provide any feedback regarding the status of applications/submissions. Contact will be limited to businesses selected to move forward in the process.

If you have questions regarding the Small Business Economic Recovery Grant Program, please visit https://www.cityofhinesville.org/528/Small-Business-Recovery-Grant or call 912.876.3564

The Right Place to distribute millions in small business grants - WOODTV.com

Posted: 21 Jul 2020 10:35 AM PDT

GRAND RAPIDS, Mich. (WOOD) — West Michigan nonprofit The Right Place, Inc., is one of 15 economic development organizations tapped to help small businesses recover from the COVID-19 pandemic and received the third-highest allocation from the state to accomplish that goal.

The application period for the Michigan Economic Development Corporation's Small Business Restart Program opened last week

Three local organizations, Lakeshore Advantage, The Right Place and Southwest Michigan First, received funding to be distributed as grants to facilitate the program.

"When making the decisions of how much to put into each area, we focused on the population, the amount of small businesses, the impact COVID has had on those small businesses and also the number of businesses located in disadvantaged areas," MEDC Chief Business Development Officer and Executive Vice President Josh Hundt told News 8.

Lakeshore Advantage received $3.5 million and Southwest Michigan First more than $7.5 million. The Right Place received more than $9.5 million.

That allocation is the third-highest amount appropriated by the MEDC as part of a $100 million investment in the restart program, which was drawn from federal CARES Act funding.

Oakland County and Detroit Economic Growth Corporation received the top two appropriations, more than $11 million and more than $15.5 million respectively.

Each business can apply for up to $20,000. The MEDC is requiring at least 30 percent of the funds awarded go to women-owned, minority-owned or veteran-owned eligible businesses.

"These funds will be critical to supporting these small businesses and making sure that, hopefully, we can continue the vibrancy that we've had here in West Michigan and support those small businesses as we move forward," The Right Place Senior Vice President of Strategic Initiatives Tim Mroz told News 8.

The organization created an independent committee to review applications and is working with the West Michigan Hispanic Chamber of Commerce and Grand Rapids Area Black Businesses to promote the program.

The Right Place works with Barry, Ionia, Kent, Lake, Mason, Mecosta, Montcalm, Muskegon, Newaygo, Oceana and Osceola counties, so the grants will go to businesses in those areas.

"So far in West Michigan, we've already received about 1,190 applications," Mroz shared Tuesday. "In Kent County alone it's about 730."

The MEDC anticipates more than 5,000 business will benefit from the program statewide. Businesses have through Aug. 5 to apply.

Mroz said recipients will be selected by the end of August.

Additional information on the application process, as well as eligibility can be found on the MEDC's website, MichiganBusiness.org.

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