The City of Easton is accepting applications for its Business Retention Assistance Grant Program.
Donor Name: City of Easton
State: Pennsylvania
City: Easton
Type of Grant: Grant
Deadline: 07/31/2023
Size of the Grant: $5,000
Details:
Funding Information
Grant Amount: Not to exceed $5,000. Due to limited funds, grants may not be approved at 100% of the requested amount.
Maximum Grant Amount (based on number of employees):
Businesses with:
- 0 Unrelated Employees = $2,000
- 1-5 Unrelated Employees = $3,000
- 6-10 Unrelated Employees = $4,000
- 11-25 Unrelated Employees = $5,000
Use of Grant Proceeds
The subject grant must be used for working capital or a related use for the business located in the City; proceeds are to be used to cover those expenses that the business must incur to maintain continuing operations including, but not limited to:
- Overhead and staff-related expenses (must not be ownership or family relationships to ownership);
- Purchase additional inventory and equipment. The equipment must be necessary for local business operations.
Eligibility Criteria
Any for-profit business with a principal location in the City of Easton, PA that is either leased or owned (with the business as the sole tenant) and that has been in operation for at least twelve (12) months. Eligible small businesses must have 25 employees or less. The business must certify that the resources are necessary for the continuing operations of the business located in the City. Eligible applicants must be code compliant and current on all City taxes and utility payments unless deferments or other accommodations have been provided. The business must demonstrate extraordinary hardship experienced as a result of the pandemic or post-pandemic economy and priority will be given to applicants that have continued to experience difficulty. These hardships may include, but are not limited to:
- Issues experienced as a result of severe supply chain disruptions;
- Staffing scarcity;
- Issues resulting from prolonged construction activity in the Downtown.
Businesses must retain at least one (1) employee. Waivers of employee retention may be considered on a case-by-case basis for sole proprietorships & owner operated businesses. Businesses must certify that it has no intention of closing its location in the City for at least one (1) year.
For more information, visit Business Retention Assistance.
