Applications opened for business grants due to COVID-19 hardships
Applications opened for business grants due to COVID-19 hardships

Applications opened for business grants due to COVID-19 hardships

Author: Administration


Date: 15/3/2022 14:03:44


SLO County opens $ 500,000 in small business grants for COVID-19 relief. As of April 1, companies affected by the pandemic can apply for a $ 500,000 grant from San Luis Obispo County. The funding comes from the county’s allocation of funds received through the federal U.S. Rescue Planning Act (ARPA).


SLO County opens $ 500,000 in small business grants for COVID-19 relief

Small business owners who have experienced difficulties due to the COVID-19 pandemic have a new source of help available to them from next month. Starts April 1st, companies affected by the pandemic can apply for a $ 500,000 share of San Luis Obispo County grants. The funding comes from the county’s allocation of funds received through the federal U.S. Rescue Planning Act (ARPA).

The application for the ARPA Covid-19 Small Business Grant Program will be published on County website 1 April 2022. Applications will be accepted until 30 April 2022. The grants will be awarded on a first-come, first-served basis to eligible small businesses. Business specialists from local chambers of commerce will help with application intake, technical review and outreach contact with the business community.

The grant amount will be divided between the five current supervisory districts, with $ 100,000 available to businesses in each district in both incorporated and non-incorporated areas. Companies with 10 or fewer employees can receive $ 5,000, and companies with 25 or fewer employees can receive $ 10,000. This corresponds to 10-20 grants per. district. If there are unused funds in a district after the application window expires, the remaining money will be allocated to a district with greater needs.

Eligibility

Eligible applicants include companies that have 25 or fewer employees and have a business location in San Luis Obispo County (both built-in and non-incorporated areas).

Applicants must be able to demonstrate that they have experienced a negative economic impact from the COVID-19 pandemic, such as:

  • Reduced revenue or gross revenue
  • Financial uncertainty
  • Increased costs
  • Challenges covering salary, rent, mortgage or other operating expenses
  • Limited capacity to cope with financial difficulties.

Use of funds

Business owners must use the funds for legitimate purposes as defined by the US Treasury Department. This includes, but is not limited to:

  • Addressing financial difficulties such as declining revenue or the effects of periods of business closure, for example by supporting payroll and service costs, employee retention costs, mortgages, rent or supply costs, and other operating costs.
  • Implement COVID-19 prevention or mitigation tactics, such as facility changes to enable social distancing, improved cleaning efforts, barriers or partitions, or COVID-19 vaccination, test, or contact tracing programs.
  • Providing technical assistance, advice or other services to help with business planning needs.

Application information

Companies need the following information to complete the application:

  • Total number of employees (at all SLO County locations, if there is more than one, and at the specific place where the application is for).
  • Explanation of how your business has been affected by COVID-19.
  • Explanation of what this appropriation is to be used for and a budget.
  • Employer Identification Number (EIN), CA Tax ID Number and Business License Number.
  • A W9 must be submitted to receive the grant funding.

The application will be published on this website April 1, 2022. Call to hear more

805-238-0506 or email [email protected].

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