City of Spokane Valley issued the following announcement.
Spokane Valley's City Council has allocated Federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funds to establish a new grant program to assist small businesses and nonprofit organizations that have experienced financial challenges related to the COVID-19 pandemic.
City Council has reserved $829,498 for small businesses and $411,640 for nonprofits. The application period begins at 10 a.m. on Monday, August 24 and concludes at 5 p.m. on Friday, September 4. Grants will be awarded in a lottery format and the funds will be distributed by October 31, 2020. The city has established a maximum grant award of $7,158 per organization.
Organizations will be required to demonstrate in the application their organization has been directly impacted by the COVID-19 pandemic between March 1, 2020 and October 31, 2020. Each applicant must meet Federal CARES Act requirements and disclose their expenses and estimated revenue lost in 2020 as a result of the pandemic.
Applying organizations must meet the following criteria:
- Have 18 or fewer full-time equivalent (FTEs) staff as of March 1, 2020.
- For-profit businesses must have a current Spokane Valley business license and be located within the City of Spokane Valley.
- Nonprofit organizations must provide at least 18.65% of their total services within the boundaries of the City of Spokane Valley. Percentage based on city's population as a percentage of total Spokane County population as of April 1, 2020. Nonprofit organizations must be a 501(c)(3).
- Business may be a sole proprietor or independent contractor provided the business requests funds for their primary source of income.
- Minimum annual budget/revenues of $10,000.
For more information on the grant program visit spokanevalleychamber.org/svgrants or email grantinfo@spokanevalleychamber.org. Archives
Original source can be found here.
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