The City of Vacaville is pleased to announce Covid Small Business Assistance Grant Program.
Donor Name: City of Vacaville
State: California
City: Vacaville
Type of Grant: Grant
Deadline: 12/02/2022
Size of the Grant: $25,000
Details:
The Vacaville small business community has faced significant challenges due to the COVID-19 pandemic. The intent of this grant program is to assist those business sectors in Vacaville who have sustained financial hardships caused or exacerbated by COVID-19 related mandates and are struggling most to recover from the pandemic. The City of Vacaville has allocated $1 million of its American Rescue Plan Act (ARPA) funds for this program. ARPA funds have been provided by the Federal government to help with COVID-19 recovery.
Funding Information
The maximum grant award is $25,000. The amount of the grant will be based upon the business’s documented need, particularly focused on allowing for no more than three (3) months of operations continuity, and available resources. The applicant must demonstrate business losses equal to or greater than the requested award amount.
Criteria
To be eligible, the Business MUST:
- Has experienced interruptions, closure or curtailed operations, loss of sales, or other negative financial impacts due to restrictions imposed due to COVID-19.
- Can demonstrate that significant new costs were incurred for personal protective equipment or physical improvements to its processes or location, to comply with social distancing or other directives or recommendations issued by the county or state due to COVID-19.
- Reported less than $1 million in gross receipts in calendar year 2021.
- Still be operational today.
- The business is located within Vacaville city limits.
- Possess a current Vacaville business license.
- Does not have any outstanding taxes or fees owed to the City of Vacaville.
- Applicant is at least 51% majority business owner. (Sole Proprietor businesses may apply.)
- Owner/Applicant is not currently in bankruptcy.
- Is current on applicable state and local licensing and other regulatory requirements.
- Has been open and operational since November 1, 2021 and has been a for-profit business for at least twelve months.
- The intent is to keep the business open.
Each Tax ID may apply once regardless of the number of businesses under that tax ID. An eligible business cannot be a publicly traded corporation, but ownership in a single franchise of a publicly traded corporation is allowable.
Notice: This local COVID-related grant program may be subject to federal and state income taxes unlike the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) which are federal programs.
Grant Terms and Conditions
Small Business Grant Program financial assistance is designed to keep businesses operational.
The following terms and conditions will be determined by the materials submitted with the application.
- The applicant must allow the City to collect third party documentation, such as financial information, that demonstrates potential business closure or layoffs.
- The funding is in the form of a grant. The business must be able
For more information, visit Covid Small Business Assistance Grant Program.
