The City of Norcross, in partnership with Access to Capital for Entrepreneurs (ACE), has launched the Small Business Grant Program. The program will provide $600,000 of American Rescue Plan Act (ARPA) funding to qualified small businesses to mitigate the impacts of COVID-19.
Donor Name: City of Norcross
State: Georgia
City: Norcross
Type of Grant: Grant
Deadline: 06/02/2022
Size of the Grant: $15,000
Details:
The ARPA Small Business Grant Program will provide financial assistance for businesses that have been negatively impacted by the pandemic, stabilize and sustain Norcross businesses and ensure they can retain employees. The program will offer funds in varying amounts to qualified small businesses within the city limits of Norcross. The funds may be used for operating expenses, including rent, utility bills, payroll, and other qualifying expenses.
Funding Information
Grant awards are based on annual revenue in 2019:
- Annual Revenue of $25,000-$1,000,000 = $10,000 Grant
- Annual Revenue of $1,000,001 + = $15,000 Grant
Eligibility Criteria
To qualify, businesses must meet certain criteria, including having an active City of Norcross Business License for years 2019–2021, the ability to demonstrate an annual revenue decline of 25% or more for tax years 2019 and 2020, being recognized as a domestic corporation in good standing in the State of Georgia and more. Applicants must demonstrate both need, and appropriate use of funds, by submitting appropriate financial documentation and receipts.
For more information, visit Small Business Grant Program.