2020-08-19 EDA Packet - Laserfiche WebLink

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Anoka County Business Relief Grant Program The Anoka County Board has adopted a Business Relief Grant Program. Further details will be announced on 7/31. A draft of the grant parameters includes: Grant Amount: Grants will not exceed $10,000 to cover eligible expenses incurred as a result of the COVID pandemic after March 1, 2020 (see examples of eligible use of grant funds below). Recipient must submit a list of COVID related expenditures during the application review process. The total amount of CAREs Act funds allocated towards the Anoka County business relief grant program will be equitably distributed among each of the seven county districts based upon economic hardship and need. Eligibility Criteria: Applicant must be locally owned, operated and domiciled in the State of Minnesota with a physical establishment in Anoka County. If there is a parent company or a second location outside of Anoka County, only the entity located in Anoka County will be eligible. Applicant must be able to demonstrate financial hardship as a result of the COVID-19 outbreak. Applicant must be in good standing with the Minnesota Secretary of State and the Minnesota Department of Revenue as of January 1, 2020. If there is an issue pending with the Minnesota Secretary of State, Applicant may still apply for the grant, but will need to demonstrate the issue has been satisfactorily resolved in order to be eligible and receive grant funds. If required, Applicant must be licensed, in good standing. Applicant must be current on property taxes. Applicant must employ 50 or less employees as of January 1, 2020. Applicant must have been in operation 12 months prior to application. o Anoka County will not disqualify an applicant if there was an ownership change and the business remained in operation within 12 months prior to application. Applicant must disclose all federal, state or local grant or loan applications for which applicant has applied which has been received or remains pending at the time of application. Applicant must Certify in good faith that th Ineligible Businesses/Restrictions Applicants who have previously received federal, state or local grants for the same expenses. If an applicant receives any funding from a local city and the County, Applicant may only accept one of the grants. Multi-state chains are generally ineligible except for locally owned franchisees. Nonprofit organizations. Businesses that primarily derive income from gambling or adult entertainment.