Sponsoring Agency: City of Mentor
Type of Fund: Grant
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 04/23/2021
Size of the Fund: Less than USD $50,000
The City of Mentor has established the Mentor Small Business Employee Retention (Bridge the Gap) Program to assist small businesses affected by the COVID-19 pandemic.
The program provides grant funds to Mentor-based businesses that retain or create a low-to-moderate income (LMI) position as defined by the U.S. Department of Housing and Urban Development.
The Bridge the Gap Program is managed through the City of Mentor Planning and Development Department.
$1,000 maximum reimbursement for retaining or creating a low-to-moderate income position.
These criteria fall in line with the HUD requirements and the City’s Community Development Block Grant (CDBG) Comprehensive Plan.
Applicants must meet the following criteria to be eligible for the Bridge the Gap Program:
• Must certify grants will asssit the business in retaining OR HIRING at least one (1) low-to-moderate income (LMI), full-time equivalent employee/position;
• Must have been in continuous operation and without closure (outside of mandatory State-imposed restrictions) since March 1, 2020;
• Must currently employ at least three (3) full-time equivalent employees and not more than 50 employees (may combine part-time employees to satisfy the three (3) employee requirement);
• Must retain employee or filled position for no less than one year (owner must interview at least 51% LMI people for vacant position(s));
• Cannot be a franchise with more than four (4) locations and all of which must be located within the state of Ohio, and must be independently owned and operated;
• Must be a for-profit business located within the jurisdictional boudaries of the city of Mentor and operate out of a physical location contained in B-1, B-1, B-1, M-1, M-2 and MIP zoned areas (home-based businesses not eligible);
• Is not in default or currently delinquent on any loan provided through the Mentor Economic Assistance Corporation;
• Must be current on property taxes and municipal fees;
• Owner must have a valid SSN, EIN, DUNS, and business bank account;
• Owner must be 18 years of age or older;
• Must have not filed for bankruptcy within the last 12 months;
• Must not have a conflict of interest with the City of Mentor (i.e., no persons employed by the City of Mentor and their immediate family, elected officials and their immediate family, or a person with a financial interest in a contract with the City of Mentor); and
• Agree to any regulatory or audit requirements as determined by the City of Mentor and/or the Department of Housing and Urban Development.
More information at: https://cityofmentor.com/mentor-offers-new-program-to-assist-small-businesses/