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
For more information, visit City of Inglewood.
