City of Inglewood Small Business Champions Economic Grant (California)

The City of Inglewood has launched a small business grant program, to award up to $4 million using the American Rescue Plan Act (ARPA) funds.

Donor Name: City of Inglewood

State: California

City: Inglewood

Type of Grant: Grant

Deadline: 08/23/2023

Size of the Grant: Up to $20,000

Details:

The City of Inglewood Small Business Champions Economic Opportunity Grant will support the recovery and stabilization of local small businesses impacted by the COVID-19 pandemic.

Priority consideration will be given to small disadvantaged businesses, which include minority-owned, women-owned, and veteran-owned businesses, as well as businesses that operate in Qualified Census Tracts (QCTS). There is a limited allocation of funds available for this Program; therefore, depending on the number of businesses that apply, it is possible that not all eligible businesses can be assisted. Applying for funding is not a guarantee of receipt of funding.

Funding Information

This one-time grant of up to $20,000 will fund small businesses in the City of Inglewood impacted by the pandemic.

Eligibility Criteria

Business must be located and operating within the boundaries of the City of Inglewood.
A current City of Inglewood business license is required for applicable small business.
City of Inglewood Business Tax Certificate.
Eligible businesses must have experienced financial hardship due to the COVID-19 pandemic.
Businesses must be able to provide supporting evidence of the alleged financial hardship and be willing to self-attest under penalty of perjury that the business experienced financial hardship.
Businesses must have an “ACTIVE” status with the CA Secretary of State.
For businesses with multiple locations, only employment and revenue figures for the Inglewood location(s) can be used to qualify for a grant under this Program. All grant funds received must be used only to support Inglewood business operations. Multiple locations within the City of Inglewood operating under a single business entity will be considered one business for the purpose of this Program.

The following businesses are not eligible:

Businesses that are not located and actively operating in the City of Inglewood
Gambling facilities
Liquor stores
Cannabis businesses
Franchise businesses that are not independently owned and operated within the City of Inglewood limits
Businesses engaged in any activity that is illegal under federal, state, or local law
Businesses not in operation at the time of application or award
Passive businesses are not eligible. These include rental properties, vending machines, investment companies, investors who file a Schedule E on their personal tax returns, or any business in which the owner does not actively participate
Landlords and property managers
Businesses primarily engaged in political or lobbying activities
Financial businesses primarily engaged in the business of lending, such as banks, finance companies, investment institutions, and insurance companies
Businesses engaged in any socially undesirable activity or activity that may be considered predatory such as check-cashing businesses