The City of Auburn New York has directed $500,000 in Federal American Rescue Plan Act (ARPA) / Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) grant funding to be allocated specifically to businesses located in the City of Auburn whose operations and financial condition were adversely impacted by the COVID-19 public health emergency.
Donor Name: City of Auburn
State: New York
City: Auburn
Type of Grant: Grant
Deadline: 04/30/2022
Size of the Grant: $40,000
Details:
Funding Information
- A small business can apply up to $40,000.
- The period of performance will run until December 31, 2026, to provide the business with a reasonable amount of time to complete projects funded by CSLFRF.
Eligibility Criteria
Eligible Businesses – Small Businesses seeking CSLFRF funding through this program must:
- Have no more than 500 employees, or if applicable, the size standard in a number of employees established by the Administrator of the Small Business Administration for the industry in which the business concern or organization operates;
- Be a small business as defined in Section 3 of the Small Business Act (15 USC 632) that includes among other requirements that the business is independently owned and operated and is not dominant in its field of operation;
- Have a negative economic impact, or economic harm (such as loss of earnings or revenue) that was experienced by the small business from the pandemic;
- Use federal funds to address the identified economic impact or harm that resulted from the COVID-19 public health emergency; and
- Enter into a funding agreement with the City of Auburn and/or a partner agency that will include, but is not limited to: generally accepted legal and financial principles, quarterly reporting, access to annual and program financial records, and audit/ monitoring requirements of projects or programs.
Application Eligibility – Small Businesses are eligible for assistance under the CSLFRF Program as either an “Impacted Small Business” or “Disproportionately Impacted Small Business”.
- To be considered an Impacted Small Business it must be located within the City of Auburn that experienced a negative economic impact during the pandemic. Impacts may include:
- Lost revenue or increased costs;
- Challenges covering payroll, rent, or mortgage;
- Other operating costs;
- The capacity of a small business to weather financial hardships; and
- General financial insecurity resulting from the public health emergency
- Assistance to Impacted Small Businesses includes the following eligible use of funds:
- Loans or grants to mitigate financial hardship, such as by supporting payroll and benefits, costs to retain employees, and mortgage, rent, utility, and other operating costs;
For more information, visit COVID Pandemic Recovery Small Business Assistance, Grant.
