In an effort to provide relief to the hardest to reach microbusinesses, EDFC (Economic Development and Financing Corporation) in partnership with the County of Mendocino is excited to announce the launch of the California Microbusiness COVID-19 Relief Grant Program which will provide $2,500 grants to microbusinesses in Mendocino County that have been significantly impacted by COVID-19.
Donor Name: County of Mendocino
State: California
County: Mendocino County (CA)
Type of Grant: Grant
Deadline (mm/dd/yyyy): 06/01/2022
Size of the Grant: $2,500
Details:
Priority is being given to 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 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; and
- Not a business excluded from participation in the California Small Business COVID-19 Relief Grant Program, as specified in paragraph (2) of subdivision (f) of Section 12100.82.
For more information, visit COVID-19 Relief Grant.