City of Savage is accepting applications for Small Business Recovery Grant so that small businesses can rebound from the pandemic crisis.
Donor Name: City of Savage
State: Minnesota
City: Savage
Type of Grant: Grant
Deadline: 12/31/2022
Size of the Grant: up to $15,000
Details:
The Savage Economic Development Authority has allocated $152,500 to support local small businesses that have had financial hardship as a result of the COVID-19 pandemic, specifically targeting local businesses who have not received assistance from other pandemic related programs or businesses who have impacts that have exceeded other assistance received.
The Savage EDA is working with Next Stage (Program Administrator), a local non-profit business, to collect and review the applications, and award program grants. This initiative is being funded by the City of Savage’s allocation from the federal American Rescue Plan Act (ARPA).
Funding Information
Small businesses will be eligible for grants of up to $15,000. Funds will help reimburse businesses for loses directly attributed to the COVID-19 pandemic, ecommerce, technology, and costs to comply with public health requirements because of the COVID-19 pandemic.
Eligibility Criteria
To be eligible for this grant program, a small business must meet all of the following eligibility guidelines:
- Must be a locally owned and operated for-profit business. NEW, this includes home based sole proprietor businesses.
- Must employ the equivalent of 50 or fewer full-time workers.
- Must be licensed, in good standing with the Minnesota Secretary of State and Minnesota Department of Revenue as of March 11, 2021.
- Must be in good standing with the City of Savage.
- Must demonstrate with proper documentation additional costs since March 11, 2021 as a result of the COVID-19 pandemic (no credit score or collateral requirements apply)
- If an in-home daycare provider:
- Must be a licensed as a family childcare provider in the City of Savage as of March 11, 2021.
- Must not be operating on a conditional license, under revocation, or under temporary immediate suspension.
- Must not be prohibited from receiving public funds under MN Statute 245.095, which requires that any provider, vendor, or individual be excluded from receiving grant funds if excluded from another DHS program.
For more information, visit City of Savage.