The City of Newburgh has allocated up to $200,000 of its federal American Rescue Plan Act award to support Small Businesses effected by COVID-19.
Donor Name: City of Newburgh
State: New York
City: Newburgh
Type of Grant: Grant
Deadline: 07/28/2023
Size of the Grant: Up to $10,000
Details:
This program is intended to respond to the negative economic impacts of the COVID-19 public health emergency by focusing on the needs of for-profit small businesses within City limits. Grant awards of up to $10,000 will help businesses keep their doors open, protect local jobs, support community recovery, and increase resiliency.
Eligible businesses may apply for cash assistance to help mitigate the impacts of revenue reductions associated with the pandemic. The City expects to award approximately 20 businesses a one-time cash grant, distributed through each of the City’s four wards.
Funding Information
This is a reimbursement program; award payments will be made following execution of a City/Grantee contract and the City’s receipt, review, and acceptance of expense documentation. Grantees will be reimbursed for eligible expenses with appropriate documentation in an amount of up to $10,000.
Eligible Use of Funds
Grants funds may be used for:
- Payroll and cost of benefits
- Rent
- Mortgage
- Utilities
- Installed Equipment (e.g., oven, refrigerator)
- Other Equipment (e.g., computer, software)
- Signage (with proof of City Building Permits)
- Product inventory
- Improvements to ventilation
- Personal Protective Equipment
- Other physical improvements to processes or location to comply with social distancing or other directives issued by the County or State due to the pandemic (e.g., outdoor dining furniture)
Eligibility Criteria
These funds are available to City of Newburgh business that meet the following:
- Be a for-profit business based within City of Newburgh limits;
- Have 50 or fewer employees;
- Be registered to do business in the State of New York;
- Be independently owned and operated and not be dominant in its field of operation;
- Have been operating in the City of Newburgh prior to March 15, 2020;
- Not be facing any pending litigation or legal action; Not have any business owners, including all managing members and/or officers, who have been convicted of financial crimes within the past three years;
- Not have received alternate federal, state, or local grant funding to cover the same costs and/or uses included in the application;
- Not be suspended or debarred from the use of federal funds;
- Not be a franchise, unless the franchise is not a subsidiary of a larger corporation
For more information, visit City of Newburgh.