Sponsoring Agency: City of Kingston
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 04/30/2021
Size of the Fund: Less than USD $50,000
The City of Kingston and Kingston Economic Development Corporation have partnered together to provide a funding program to support small to medium sized businesses in the City of Kingston that have been negatively affected by COVID-19.
Kingston Economic Development Corporation will be administering the program with the overall objective to support business recovery and transformation.
Program Streams
• Stream 1: Business ineligible for other Federal/Provincial Program due to lack of business revenue prior to April 2020.
• Stream 2: Businesses from high impact industry sectors (Wholesale; Retail; Information; Arts, Entertainment & Recreation; Accommodation & Food Services; Personal Care Services; Other Services) who can demonstrate negative economic impact from the pandemic.
• Stream 3: Other industry sector businesses that can demonstrate dramatic negative changes to business operations and/or customer markets as a result of the pandemic.
Funding Information
• Kingston Economic Development Corporation will provide matching grant funding in the amount of 75% of eligible expenses to a maximum of $10,000 per eligible business/registration number (Total project value $13,333).
• The applicant is required to contribute a minimum 25% from business and/or other funding programs.
• Funding is provided as a reimbursement of expenses based on submission of completed final report and proof of payment.
Eligible Expenses
• Training or skill development by a third party provider for employees or owners (excluding travel expenses) that contribute to business sustainability;
• Costs related to marketing or promotion of the business including signage, digital marketing content creation, media campaigns or other marketing costs;
• Costs related to business model transformation including new technologies, methodologies or creative solutions to assist the business to find new models of serving customers and acquiring new markets. Examples of eligible expense include but isn’t limited to:
o E-commerce
o Shift to delivery or take out business models
o Physical transformations such as takeout windows or expanded patios to accommodate social distancing
o Targeting of new markets
o New products or services
o Subscription or purchase of software
• Equipment purchases that increases productivity or supports revenue generation or replacement of old, outdated equipment;
• Business Advisory services including accounting, legal, digital marketing expertise that directly to support recovery efforts
Business Eligibility
• Business must have a registered business number;
• Business must have a business address in the City of Kingston;
• Business must have a minimum of 1 employee but not more than 50 employees at time of application;
• Business must pay commercial taxes and/or rent commercial space;
• The business must demonstrate how their business operations have been adversely affected by COVID-19;
More information at: https://www.kingstonecdev.com/BusinessRecoveryGrant
