The City of Rocklin is now accepting applications for the Small Business Retention Program.
Donor Name: City of Rocklin
State: California
City: Rocklin
Type of Grant: Grant
Deadline: 10/06/2023
Size of the Grant: $15,000
Details:
Funding Information
Grants will be awarded to qualified/eligible businesses based on six months of rental reimbursement up to $15,000.
Eligible Use of Funds for Businesses
Grant funds may be used to offset or reimburse businesses for costs related to the negative impacts of COVID-19 that have not been covered by funds received from other COVID-related programs, including:
- General business operations
- Payroll expenses
- Supplier payments
- Rent, lease or mortgage payments for the business property
- Personal Protective Equipment (PPE) and/or sanitation supplies and equipment
- Investments in software or technology that allow for a shift to online operations
- Equipment purchases that expand and/or modify operations.
Eligibility Criteria
A business must meet all of the following criteria to be eligible to receive a grant:
- The business must have been newly opened and operational in Rocklin between January 1, 2019 to December 31, 2020, OR
- The business must have expanded their physical footprint between January 1, 2019 to December 31, 2020 by either: moving to a larger location, opening a second location, or a comparable increase in commercial square footage that meets the criteria.
- The business must be a customer-facing brick and mortar, commercial operation outside of their home that is not an ineligible business type.
- The business must have been ordered to close and/or stop operations due to state-mandated COVID-19 restrictions.
- The business is an existing for-profit business with no more than 25 full-time equivalent employees (“FTEs”) and no more than $3,000,000 in annual gross sales as of December 31, 2020. An FTE is defined as an employee who works at least 2,080 hours per year over a 12-month period. Part-time employees may be considered an FTE employee for purposes of this Program (for example, two part-time employees who regularly work 1,040 hours per year can be converted to one FTE and identified as one FTE on the Program application).
- A business is defined as a sole proprietorship, a partnership, a corporation, a limited liability company, or other lawful business entity with an active registration to operate within the State of California and engaged in for-profit operations.
- The business is physically located within the boundaries of the City of Rocklin.
- For businesses with multiple locations, only the Rocklin location(s) can be used to qualify for a grant under the program, and all grant funds received must only be used to support Rocklin business operations. Multiple locations within Rocklin operating under a single business entity will be considered one business for purposes of the program.
- The business is in good standing with the City of Rocklin (e.g., possess a valid business license and where applicable, is in compliance with all applicable zoning and permit requirements, is current on all city bills and obligations, and is not subject to any liens or judgments by the city-related to the business).
- The business is in compliance with all city, state, and federal laws and regulations related to the operation of the business.
- Business owners that own multiple businesses are only eligible for one grant.
For more information, visit City of Rocklin.
