Sponsoring Agency: City of Riverside
Type of Fund: Grant
Deadline Available: Not Available
Deadline Date (mm/dd/yyyy):
Size of the Fund: Less than USD $50,000
The City of Riverside invites all interested and eligible microenterprises, small businesses with five or fewer employees, based in the City of Riverside to apply for CARES Act CDBG-CV funding to assist in the preparation, prevention and response to coronavirus.
Funding Information
One-time grant up to $7,500 to help assist Riverside small businesses with their needs during the local emergency.
How can CDBG-CV Funds be used?
Federal regulations require that CDBG-CV funds be used for eligible activities that meet both CDBG and CARES Act objectives. CDBG-CV funding must meet one of three national CDBG objectives:
• Benefit low- and moderate-income persons;
• Aid in the prevention or elimination of slum or blight; and
• Meet a need having a particular urgency
Additionally, CDBG-CV funding must also meet CARES Act objectives by preventing, preparing for or responding to the coronavirus pandemic.
Eligible activities may include:
• Purchase of materials or equipment needed to convert business activities to comply with social distancing guidelines
• Purchase of safety supplies/materials for employees
• Assistance to create jobs and manufacture medical supplies necessary to respond to infectious disease
• Financial assistance for business stabilization due COVID-19 related revenue shortfalls including business license fees, lease payments, and payroll payments
• Assistance avoiding job loss caused by business closures related to social distancing
• Assistance to expand microenterprises that provide medical, food delivery, cleaning, and other services to support home health and quarantine
Eligible Applicants
Applicants for CDBG-CV Microenterprise grant funding must have:
• A valid business license from the City of Riverside that was issued prior to January 21, 2020
• All applicable business insurances must be valid and up to date
• Valid and current federal and state tax ID numbers
• Employ 5 or fewer people
More information at: https://uwiv.org/small-business
