The City of Anderson is seeking applications to assist eligible small businesses owners located within the city limits of Anderson to respond to the public health emergency with respect to COVID-19 and/or its negative economic impacts including, but not limited to, mitigation of financial hardship and implementation of COVID-19 prevention or mitigation tactics.
Donor Name: City of Anderson
State: Indiana
City: Anderson
Type of Grant: Grant
Deadline: 04/13/2023
Size of the Grant: $2,200,000
Details:
Due to the negative impact of COVID-19 to their local small businesses, which are a vital part of their local economy, and their local tourism, travel, and hospitality industries; financial assistance for these groups is necessary to allow for their long-term sustainability. A total of $2,200,000.00 of ARPA Funds are allocated and approved to assist eligible owners of said small businesses both located within the city limits of Anderson to respond to the public health emergency with respect to COVID-19 and/or its negative economic impacts including, but not limited to, mitigation of financial hardship and implementation of COVID-19 prevention or mitigation tactics.
A total of $2,200,000.00 of ARPA Funds are allocated and approved to assist eligible owners of said small businesses.
Eligible Use of Funds
Examples of eligible use of funding for promoting long-term sustainability include, but is not limited to:
- Grants to mitigate financial hardship, such as declines in revenues or impacts of periods of business closure, such as supporting payroll and benefits costs; costs to retain employees; mortgage; rent; or utilities costs; and other operating costs.
- Grants to implement COVID-19 prevention or mitigation tactics, such as physical changes to enable social distancing, enhanced cleaning efforts, enhance ventilation, barriers or partitions, or COVID-19 vaccination, testing, or contact tracing programs. These expenses must have been incurred on or after March 3, 2021.
- Capacity Building, Technical Assistance, Counseling or other services to support business planning.
- Capital Improvements to allow rehabilitation of commercial properties for new use or increase useful life (additions, room renovation, flooring or window replacements, roof repair, electrical/HVAC/mechanical/plumbing systems, and storefront/façade improvements).
Eligibility Criteria
The organizational, award and reporting requirements for funding opportunities are as follows:
- Applicant Business must comply with reporting guidelines as established by The Department of Treasury and The City of Anderson.
- Applicant Business must not discriminate based on age, sex, religion, national origin, disability, economic status, or sexual orientation.
- Applicant Business must be independently owned, operated, and not dominant in its field of operation, and be located within the Anderson city limits.
- Applicant Business must have been in operation prior to June 15, 2022 and still be in operation.
- Applicant Business must be able to demonstrate COVID-related negative economic impacts by showing any of the following: a reduction in revenue or gross receipts, financial insecurity, increased costs, capacity to weather financial hardship, challenges covering payroll, rent or mortgage, and other operating costs.
- Applicant Business must be current on all financial obligations to the City of Anderson and the State of Indiana (e.g. property taxes, utility bills, past due bills, etc.). If not, any awarded funding must go to pay off utility debts before the committee considers additional project funding.
For more information, visit City of Anderson.
