To support small businesses in Azusa that have experienced negative financial impacts of COVID-19 pandemic, the City of Azusa has created the Azusa Small Business Support Grant Program.
Donor Name: City of Azusa
State: California
City: Azusa
Type of Grant: Grant
Deadline (mm/dd/yyyy): 07/28/2022
Grant Size: $10,000 – $50,000
Details:
Through this program, eligible small businesses operating in the City of Azusa will have the opportunity to apply for one-time cash assistance for a list of approved uses aimed at supporting business recovery and longer-term resiliency. The goal of this program is to encourage broad private-sector reinvestment into existing facilities and infrastructure, public-facing enhancements and amenities, and critical technology and business systems that may have been deferred due to impacts of the pandemic.
Funding Information
Individual grants shall be awarded on a competitive basis, and shall range between $10,000 – $50,000 to certain eligible businesses commensurate with fiscal impact to the business and justifiable need.
Eligibility Criteria
Small Business Eligibility Criteria:
- Applicant must be a commercial business located and licensed in Azusa.
- Business was operational as of March 1, 2020, is still in business at the time of application submittal, and intends to remain open indefinitely.
- Business must be in good standing with the City (i.e. proper and current licensing; no outstanding violations or balance with the City; in full compliance with the Azusa Municipal Code).
- Business must be located in a ground-floor commercial space.
- Business employed 20 full-time equivalent (FTE) employees or less as of March 1, 2020.
- Business entity earned $3 million in gross annual revenue or less in calendar year 2019.
- Business must have experienced mandatory shutdown or substantial (and demonstrable) change in business operations due to the COVID-19 pandemic.
- Businesses must be able to demonstrate financial hardship due to COVID-19 and that the amount of lost revenue exceeds the amount of requested assistance.
- Business experienced a net revenue loss (gross revenue net of operating expenses) of at least 20% for the calendar year 2020 OR calendar year 2021 compared to calendar year 2019. A business cannot receive more in grant funding than total revenue loss.
- For businesses with multiple locations, only employment and revenue figures for the Azusa location(s) can be used to qualify for a grant under this program. Multiple locations within Azusa operating under a single business entity will be considered one business for purposes of the Program.
- Businesses in the hardest hit sectors including: restaurant/dining, retail, hospitality, arts and entertainment, and other service sector businesses may be prioritized for funding.
For more information, visit City of Azusa.
