The Recovery Grant provides up to $15,000 in direct financial assistance for eligible small businesses that demonstrate economic hardship due to the COVID-19 public health emergency.
Donor Name: City of Irving
State: Texas
City: Irving
Type of Grant: Grant
Deadline: Ongoing
Size of the Grant: Up to $15,000
Details:
Direct financial assistance in the form of a one-time Recovery Grant up to $15,000 is available to businesses, based on 2022 gross income (as reported on its 2022 business tax return):
- $5,000 for gross revenues up to $150,000 in 2022
- $10,000 for gross revenues between $150,001 and $1 million in 2022
- $15,000 for gross revenues between $1,000,001 and $5 million in 2022
Eligible Uses
Eligible uses of Recovery Grant proceeds include working capital to mitigate the economic and financial hardships caused by COVID-19 such as the purchase of inventory/supplies, rent, utilities (not water), lease or purchase of equipment, operating and emergency maintenance, etc.
Eligibility Criteria
To qualify for the Recovery Grant (financial assistance), an applicant must:
- Have been in operation in Irving, Texas, prior to Jan. 1, 2020. (There is no minimum business age requirement for the Resiliency Grant.)
- Commit to actively participate in the Resiliency Grant program.
For more information, visit City of Irving.
