Business Resource Initiative Grant Program is designed to assist ALL businesses in Benton County.
Donor Name: Business Resource Initiative
State: Washington
County: Benton Count (WA)
Type of Grant: Grant
Deadline: 10/31/2022
Grant Size: $3,000 to $30,000
Details:
The BRI grants serve small businesses (under 50 FTEs) that were negatively affected by COVID-19. The Business Resource Navigator serves all Benton County businesses as a single point of contact to provide custom resource guidance.
Funding Information
Grants range from $3,000 to $30,000. A maximum grant award will not exceed 6-10% of the applicant’s annual business revenue. Businesses are not eligible for more than one BRI award.
Eligibility Criteria
- Must be an active business or nonprofit (Nonprofits are eligible to receive funding if they have a primary business activity that is similar to the eligible businesses who qualify for this program)
- Must have a valid government issued photo identification (ID)
- Must have less than 51 full-time equivalent (FTE) employees
- Have not reported annual gross income of more than $5,000,000 in calendar year 2019
- Headquarters or main office physically located in Benton County where a majority of employees are assigned
- Business must be independently owned and operated (Independently owned and operated means that the ownership interests, management, and operation of the business are not subject to control, restriction, modification, or limitation by a person or corporation with no formal role in the operation of the business)
- Valid and current state and/or local business license as required by law
- No pending compliance or regulatory issues with state or federal agencies, as of March 1, 2020.
- Must provide financial documentation to validate business income
- 2019 Federal Tax Return (if business was open in 2019)
- 2020 Federal Tax Return
- 2021 Federal Tax Return (or four quarterly Department of Revenue filings)
- Accounting records (bank statements) for the 12 months immediately preceding the date of application showing revenue in prior months, payroll expenses, rent payments, and utility expenses
For more information, visit Business Resource Initiative.