The City of Charlestown will invest up to $150,000 through the Office of Community and Rural Affairs Community Development Block Grant (CDBG) program to support local businesses affected by the Covid-19 pandemic.
Sponsoring Agency: City of Charlestown
Type of Fund: Grant
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 07/01/2021
Size of the Fund: Less than USD $50,000
The City of Charlestown will invest up to $150,000 through the Office of Community and Rural Affairs Community Development Block Grant (CDBG) program to support local businesses affected by the Covid-19 pandemic.
This program will support qualifying local businesses in the City of Charlestown that have been impacted by the COVID-19 pandemic. Funds under this program are limited and it is the City’s intent to focus these resources to effectively support local Charlestown businesses that retain the employment of citizens.
Businesses will be classified into two groups to ultimately determine eligibility for the program:
• Non-Microenterprise – Business with more than five (5) employees, but less than 100 employees, or a business of less than five (5) employees, one of which is NOT the owner
• Microenterprise – Business of five (5) or fewer employees one of which is the owner. Independent contractors are also included in this group.
Funding Information
Businesses meeting the requirements below shall be considered eligible for a maximum grant award of $10,000.
Eligibility Criteria
In addition to the above CDBG regulation requirements, businesses meeting ALL of the following criteria shall qualify for grant award consideration:
• Must have a business physically located within the corporate limits of the City of Charlestown
• Must be a for-profit business – the following business types are specifically ineligible for assistance:
o Nonprofit organizations
o A business in which a majority owner or member of the immediate family is an elected official of the City of Charlestown or a member of the City of Charlestown Redevelopment Commission.
o Businesses deemed ineligible by the US Department of Housing and Urban Development (HUD) or the City of Charlestown
• Must be structured as a sole proprietorship, partnership, corporation, S corporation (S subchapter) or limited liability company (LLC). Individuals who are self-employed are also eligible to apply
• Must have been in operation on or before March 1, 2020, and must be currently in compliance with any state or local regulations or requirements
• Eligible businesses can include essential and non-essential businesses so long as the business is continuing to pay employees, provide health insurance, or is willing to certify that previously furloughed/terminated employees will be rehired with the proceeds of this grant or other supplemental federally-funded grant or loan programs
• Multiple applications/applicants cannot simultaneously compete for funding for the same property parcel or address.
More information at: https://www.charlestowncityhall.com/post/covid-19-small-business-recovery-grant
Eligible Countries:
United States
