The Prevention, Recovery, Resiliency, and Mitigation Division (PRRM), in partnership with the Economic Development and Financing Corporation (EDFC), is excited to announce the availability of $2,500 COVID-19 Microbusiness grants.
Sponsoring Agency: County of Mendocino
Type of Fund: Grant
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 06/01/2022
Size of the Fund: Less than USD $50,000
The Prevention, Recovery, Resiliency, and Mitigation Division (PRRM), in partnership with the Economic Development and Financing Corporation (EDFC), is excited to announce the availability of $2,500 COVID-19 Microbusiness grants.
Priorities
- Microbusinesses operated or owned by a member of a group that has faced historic barriers in accessing capital, including, but not limited to, women, minorities or persons of color, veterans, undocumented individuals, and individuals living in low-wealth or rural areas on low incomes; and
- Microbusinesses that suffered economic impacts or revenue losses due to COVID-19.
Eligible use of grant funds includes the purchase of new equipment, investment in working capital, application for or renewal of a local permit, payment of business debt incurred during the COVID-19 pandemic, and costs resulting from the pandemic health and safety restrictions or business interruptions or closures due to the pandemic.
Eligible Use of Funds
- Purchase of new equipment;
- Investment in working capital;
- Application for, or renewal of, a local permit;
- Payment of business debt built up during the COVID-19 pandemic; or
- Costs resulting from the COVID-19 pandemic and related health and safety restrictions, or business interruptions or closures due to the pandemic.
Eligibility Criteria
- Verified as locally-owned and operated (physically located in Mendocino County)
- The microbusiness is currently active and operating, or has a clear plan to reopen when the state permits reopening of the business.
- Open and operating prior to COVID-19 (prior to December 31, 2019);
- Currently have <5 full-time equivalent employees and had <5 full-time equivalent employees in 2019 and 2020;
- Generated <$50,000 in business revenue in 2019;
- The applicant is the majority-owner and manager of the microbusiness;
- This business was the applicant’s primary means of income in the 2019 taxable year;
- Significantly impacted by COVID-19 pandemic, as evidenced by at least a 10% reduction in revenue from the 2019 to 2020 taxable years;
- Did not receive a grant from the California Small Business COVID-19 Relief Grant Program
More information at: https://www.mendocinocounty.org/Home/Components/News/News/6162/626
Eligible Countries:
United States
Business Categories:
COVID-19 Response, Business, Small and Medium Enterprises,
