The Re-Start Retention Grant program was established to assist small businesses located in the City of Aurora with business expenses and operational expenses to prevent business closures and the loss of jobs as a result of the COVID-19 pandemic.
Donor Name: City of Aurora
State: Illinois
City: Aurora
Type of Grant: Grant
Deadline (mm/dd/yyyy): 10/01/2022
Grant Size: $500,000
Details:
The purpose of the Re-Start Retention Grant is to provide additional financial assistance from the City of Aurora during this ongoing pandemic and beyond.
Funding Information
The total available funding for the Re-Start Retention Grant is $500,000. Funding will come from two sources in 2022. The first source is recommended to be $230,000 in remaining funding from the CERF program. The second source of funding for this program is the American Rescue Plan Act (ARPA) through the State and Local Fiscal Recovery Fund (SLERF) for an estimated $270,000 for a total estimated funding of $500,000. Grants for this program will be allocated (not distributed) on a Ward-by-Ward basis at $50,000 per Ward. Any unspent funds at the end of the grant year may, with the City Council approval, be reallocated to other qualified businesses that did not receive funding.
Eligibility Criteria
All small businesses in all commercial areas of the City of Aurora, including those operating on City-owned property, are eligible to apply with the exceptions listed below. Only complete applications received by the deadline will be processed.
Businesses that answer yes to any of the following are not eligible:
- A government-owned business entity
- A business that is delinquent on payment of any State of Illinois tax obligation
- A business that is engaged in a business that is unlawful under Illinois or federal law
- A business that is on the federal System for Award Management excluded parties list
- A business that has permanently closed
- A business that employs more than 50 employees
- Applicants must NOT have made more than $2 million in gross revenue in 2019, 2020 or 2021
- Have no outstanding code enforcement violations
For more information, visit City of Aurora.
