The City of Jackson, Mississippi, will invest Community Development Block Grant (CDBG-CV) funds allocated by the US Department of Housing and Urban Development (HUD) to assist small businesses located within the City of Jackson, Mississippi, in preventing, preparing for, and responding to the COVID-19 pandemic.
Donor Name: City of Jackson
State: Mississippi
County: All Counties
Type of Grant: Grant
Deadline: All Time
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
The City of Jackson’s I AM JXN Micro Enterprise Grant will provide direct payments to businesses with necessary expenditures to responsibly and safely operate during a public health emergency with respect to the COVID-19 pandemic. Necessary expenditures could include the safe operation of small businesses resulting from mandates, closings, and occupancy limitations imposed by various local, state, and federal governments, during the period that begins on November 13, 2020, and ends on December 30, 2020.
Funding Information
The Microenterprise Grant will award up to $20,000 to qualifying microenterprises in the City of Jackson that require financial support to help recover from the COVID-19 pandemic. Businesses that meet the eligibility requirements will be given grants, with priority given to those that have not yet benefited from any city, state, or federal program. Payroll, lease payments, insurance, mortgage payments, utilities, and technology and digital commerce expenses are eligible for reimbursement.
Who can apply?
- This grant is available to qualifying for-profit businesses with 4 or fewer full-time equivalent employees including the owners in Jackson, Mississippi, as long as funding remains for the program. The grant proceeds must be spent on eligible expenses necessary to remain open and sustainable during an endemic, with respect to the Coronavirus (COVID-19), as outlined below.
- To be eligible, your company must be headquartered in Jackson, Mississippi, and either has been forced to close or severely curtail business operations due to closure orders from the state or city and have annual revenue of $1 million or less prior to the impact of COVID-19.
To be eligible, a small business must meet ALL of the following criteria to qualify for grant award consideration:
- Operate their business within the Jackson city limits, and
- Employ residents of the United States, and
- Be in operation on or before March 2019, and
- Complete the grant Application submitting all required documents, and
- Must be a for-profit business.
- Must have 250,000 or less in annual gross revenue (for the calendar year 2019).
- Must have 4 or fewer employees (including the owner(s) of the business).
- Must not have any outstanding liens, violations, or debts owed to the City.
- Physically located within a commercially zoned location inside the Jackson city limits, and utilizing the City of Jackson Water System.
Who is not eligible to apply per HUD guidelines?
- Non-profit organizations/businesses;
- Home-based businesses;
- Businesses that involve the sale of medical or recreational cannabis;
- Private club or business that limits membership for reasons other than capacity;
- Businesses engaged in the production or wholesale selling of tobacco products, vaping, liquor, or sexually explicit materials;
- Businesses engaged in the production or wholesale/retail selling of firearms;
- Pawnshop, liquor store, adult bookstore, non-therapeutic massage parlor, strip club, or nightclub;
- Storage facility, trailer-storage yard, or junkyard;
- A business in which a majority owner or member of the immediate family is an elected official or employee of the City of Jackson, Mississippi;
- An establishment similar to any enumerated above; or
- Businesses are deemed ineligible by the S. Department of Housing and Urban Development (HUD) or the City of Jackson.
- Multiple applications/applicants may not simultaneously compete for funding for the same property parcel or address.
Ineligible expenses specifically include but are not limited to the following expense categories:
- Accounts payable
- Inventory / Merchandise
- Renovations to, modifications of, or expansions of existing buildings
- Pay off non-business debt, such as personal credit cards, for purchases not associated with the
- Purchase personal expenses such as buying a new family car or repairing a participant’s home.
- Direct financing for political activities or paying off taxes and
- Purchase of personal items
- Support of other businesses in which the borrower may have an
The CARES Act provides payments from the Fund that may only be used to cover costs that—
- Are necessary expenditures incurred due to the public health emergency with respect to the Coronavirus Disease 2019 (COVID–19);
- Were not accounted for in the budget most recently approved as of March 27, 2020 (the date of enactment of the CARES Act) for the State or government; and
- Were incurred during the period that begins on March 1, 2020, and ends on December 30, 2020.
For more information, visit City of Jackson.
