2020-08-19 EDA Packet - Laserfiche WebLink

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City of Centerville EDA Business Relief Grant Program City of Centerville EDA will offer a business relief grant program to support local businesses impacted by COVID-19. Grants will be awarded in an amount not to exceed $10,000. Applications will be accepted electronically during a 10 day time frame beginning _______________ at which time the EDA will evaluate the applications. In addition, application technical assistance will be available through City of Centerville City Hall. Grants will be awarded based upon the extent of hardship and need. 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 City of Centerville business relief grant program will be equitably distributed among applicants 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 City of Centerville. If there is a parent company or a second location outside of City of Centerville, only the entity located in City of Centerville 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 City of Centerville 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 the 1|Page