The Delaware County Economic Development is accepting applications for the Delaware County Resiliency and Income Loss Grant to assist businesses with activities related to preventing the spread of the virus, responding to impacts of the virus and safely reopening and preparing their businesses for new safety protocols.
Donor Name: Delaware County Economic Development
State: New York
County: Delaware County (NY)
Type of Grant: Grant
Deadline: 01/25/2023
Size of the Grant: $50,000
Details:
The objective of the Delaware County Resiliency and Income Loss (RAIL) Grant is to utilize funding received through NYS Homes and Community Renewal under the Coronavirus Aid, Relief, and Economic Security (CARES) Act (CDBG-CV) to assist businesses in Delaware County to prepare for, prevent and respond to the COVID-19 Pandemic.
Categories
In order to meet the different needs of businesses responding to, preventing and preparing for the COVID-19 pandemic, Delaware County has created two separate categories within this grant program: COVID Resiliency and Economic Loss. Businesses may apply for assistance under only one of the two categories.
COVID Resiliency category was created to assist businesses that need to or already have adapted their operations in order to prepare for, prevent and respond to the COVID-19 pandemic. It is anticipated that applicants under this category will primarily utilize funding to cover expenses related to COVID-19 impacts including equipment, working capital and fixtures that expand or improve capacity to a level necessary to operate during the COVID19 pandemic. In order to allow for flexibility, these can be projects that have already been completed and expenses having occurred in the past back to March 13, 2020.
Examples of eligible projects include but are not limited to:
- Purchase of a delivery or service vehicle in order to provide an at-home or at business delivery or service during the pandemic
- Expansion of outdoor dining space (some outdoor dining projects may count as construction projects which would require federal environmental review.
- Developing an online store and all expenses related to that launch (marketing, web development, graphic design, etc.)
- Purchasing equipment to adapt from a retail to a wholesale business
Economic Loss category is intended to assist businesses with significant economic loss incurred by responding to, preparing for and preventing the COVID-19 pandemic. This includes regular (and sometimes increased) operating expenses which businesses had to cover while receiving little to no regular income and also receiving an insufficient amount of COVID-19 financial assistance. It is anticipated that applicants under this category will apply for working capital expenses, such as normal operating expenses or other hard and soft costs related to operations during times of shutdown, limited capacity and reopening. A full list of eligible expenses is provided below. For Economic Loss Category, costs must have been incurred between March 13, 2020 and October 30, 2022 in order to be reimbursed.
Eligible Projects
- In order to be funded, the defined projects must demonstrate how funds provided will prepare, prevent or respond to impacts of COVID-19.
- Projects must retain or create jobs primarily for low-to-moderate-income (LMI) Households
- demonstrate project readiness and ability to complete projects within one year
Eligibility and Funding
- Businesses will be required to document their eligibility as a microenterprise business (5 or fewer employees including all owners) or a small business (25 or fewer employees).
- Businesses must be located in Delaware County, NY
- Grant assistance provided shall not exceed 50% of the approved project cost and expenses
- Generally, businesses will be required to verify owner and/or employee income eligibility according to U.S. Housing and Urban Development income guidelines
- Generally, businesses must demonstrate job creation or retention.
- Existing small businesses will be eligible to apply for a grant of up to $50,000
- 10% owner/business equity will be required in all projects
- Recipients of grant funds will be required to document 1:1 matching funds or expenditures.
- Grants available under this program shall only reimburse those costs deemed to be reasonable and appropriate
- Grant funds will be released on a reimbursement basis.
- Recipients will be required to provide documentation necessary to demonstrate meeting their anticipated job retention/creation goals
For more information, visit Delaware County Economic Development.
