The City of Danville is now accepting grant applications for the CDBG-CV Small Business Assistance Grant Program up to $10,000 to assist small businesses located within the City of Danville in preventing, preparing for, and responding to the COVID-19 pandemic.
Donor Name: City of Danville
State: Illinois
City: Danville
Type of Grant: Grant
Deadline: Ongoing
Size of the Grant: up to $10,000
Grant Duration: 6 months
Details:
The City of Danville will invest up to $139,820 through its Community Development Block Grant (CDBG) program funded by the US Department of Housing and Urban Development (HUD) to assist small businesses located within the City of Danville in preventing, preparing for, and responding to the COVID-19 pandemic. Funds under this program are limited and it is the City’s intent to focus resources to supplement existing federal or state programs already available to effectively support Danville businesses.
Funding Information
Businesses meeting the requirements above shall be considered eligible for a $10,000 maximum grant award to assist with up to six (6) months of qualifying expenses. Note: the 6 month period does not need to be sequential.
Eligible Expenses
Businesses may receive reimbursement under this for only the following documented business expenses incurred during a 1 year period between January 21, 2020 through January 21, 2021.
- Rent/Mortgage Payments
- Utilities (Electric, Natural Gas, Water, Internet, Telephone, etc.)
- Personal Protective Equipment and other COVID-19 related costs.
Eligible Businesses Include:
- Must be restaurants which prepare and sell food either for on-premise or off-premise consumption, OR
- Must have been deemed by the State of Illinois as a “non-essential” business which was required to “cease all activities except for minimum basic operations” by Illinois Executive Order 20-10.
- More information regarding “essential” vs. “non-essential” business classifications can be found
Ineligible expenses specifically include but are not limited to the following expense categories:
- Employee benefits (including fringe benefits associated with employment, such as health insurance).
- Accounts payable
- Inventory / Merchandise
- Renovations to, modifications of, or expansions of existing buildings
Eligibility Criteria
- Must have a commercial business location within the City of Danville (home-based businesses are ineligible).
- Must be a for-profit business.
- Must have $1 million or less in annual gross revenue.
- Must have 50 or fewer W-2 employees (including the business owner(s)).
- Be owned by a person whose annual income is at or below the HUD low to moderate income guidelines for Vermilion County; OR, the business must maintain at least one low to moderate income job / position for at least six months.
- Must have been established and in operation in the City of Danville on or before January 1, 2020.
- Must be currently in compliance with all state or local regulations or requirements.
- Must not be deemed an ineligible business.
- Businesses which received a grant from the City of Danville’s COVID-19 CDBG-CV Small Business Assistance Grant Program Round 1 program are ineligible for Round 2.
- Only one application will be accepted per business owner (i.e. persons owning more than one Danville business may only submit an application on behalf of one business).
For more information, visit Small Business Assistance Grant.
