The Clayton Local Development Corporation (CLDC) is partnering with the Town of Clayton to announce a COVID Relief Program for small businesses and non-profits within the Town of Clayton.
Donor Name: Clayton Local Development Corporation
State: New York
Town: Clayton
Type of Grant: Grant
Deadline (mm/dd/yyyy): 02/11/2022
Size of the Grant: $25,000
Details:
ARPA funds may be used to respond to the public health emergency or its negative economic impacts, including assistance to small businesses, or aid to impacted industries such as tourism, travel, and hospitality. All uses must comply with U.S. Department of Treasury guidelines.
Program Overview
The CLDC will administer this program to aid small businesses and nonprofits that have suffered and continue to suffer losses and hardships due to the Coronavirus pandemic. Independently-owned businesses or non-profits within the municipal boundaries of the Town of Clayton that provides direct services to the Clayton community are eligible to apply.
Funding Information
The maximum award, per Federal Guidelines, is $25,000.00 per applicant. The award process will be based on the number of eligible applications received and the overall needs within the community.
Program Requirements
All applicants must describe in detail how the Coronavirus has and continues to impact their business whether this be estimated revenue loss due to closure, reduced capacity, reduced services, employee layoffs or reductions in grant revenues, or some other relevant explanation.
Applicants must submit Profit and Loss Statements for Fiscal Years 2019, 2020, and year-to-date (YTD) 2021 or other documentation to support the information that they communicate in their written summaries. The Town of Clayton and the CLDC reserve the right to request additional information and all applications are subject to Town and CLDC review and approval processes. This includes, but is not limited to, verifying that an applicant is current on all, County and school taxes.
Applicant must be a small business registered with the State of New York with annual operating expenses less than $2 million as demonstrated on their most recent tax statement or a non-profit 501(c)(3) in good standing with annual operating expenses less than $2 million as evidenced on their most recent IRS Form 990.
Applicant must also have been in operation for at least the last three years. A for-profit business applicant must be a 51%+ owner and current with property taxes. Non-profit organizations must be 501(c)(3) organizations as evidenced by their IRS determination letter and have a Board of Directors responsible for oversight.
For more information, visit COVID-19 Relief/ARPA Grant.
