The City of Riverside invites all interested and eligible Microenterprise, small businesses with five or fewer employees (including the owner), based in the City of Riverside to apply for CARES Act CDBG-CV funding to assist with the preparation, prevention, and response to the coronavirus pandemic.
Donor Name: Inland SoCal United Way
State: California
City: Riverside
Type of Grant: Grant
Deadline: 04/15/2022
Size of the Grant: $7,500
Details:
The City of Riverside has elected to use its CDBG-CV allocation to fund a grant project for microenterprise businesses affected by the coronavirus pandemic.
Funding Information
- The Microenterprise Business Grant Program is an Inland SoCal United Way project in partnership with the City of Riverside Community Development Block Grant (CDBG) program, that offers a One – time grant up to $7,500 to help assist Riverside small businesses with their needs during the local emergency.
Eligible activities may include:
- Financial assistance for business stabilization due COVID-19 related to revenue shortfalls including business license fees, lease payments, and payroll payments
- Assistance avoiding job loss caused by business closures related to social distancing
- Technical Assistance, Professional Advise, and Business Services
Eligibility Criteria
Applicants for CDBG-CV Microenterprise grant funding must have:
- A For-Profit Business with a valid City of Riverside Business License (first issued prior to January 21, 2020)
- All applicable business insurances
- Valid and current federal and state tax ID numbers
- Employ 5 or fewer people (including the owner)
- An owner or employee who meets the 80% AMI limit
Please Note: Income means the total income of all persons living in the household, from all sources not just this business.
For more information, visit City of Riverside.
