2020 Community Development Block Grant

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City of Dunkirk

 

2020 Community Development Block Grant Back to Business Grant Guidelines

 

    • This grant program is a first-come, first-served basis
    • Eligible businesses include for-profit corporations, partnerships, sole proprietorships (including independent contractors), LLCs, and Joint Ventures
    • Business must be in Good Standing with the Secretary of State’s Office; If not incorporated a business/professional license, sales tax permit, utility bill or bank statement in the name of the business is required
    • Business and owners must NOT be delinquent on any state or local taxes
    • Applications will only be considered when a complete application is submitted with all required attachments
Alert! REQUIRED ATTACHMENTS
  1. Driver’s License of authorized business representative
  2. Completed and signed W9
  3. Certificate of Good Standing from Secretary of State (dated within last 30 days)
  4. Most current Federal Business Tax Returns for the past year
  5. Current Year to Date financials
  6. Itemized list of expenses you intend to pay with the grant funds
Grant amounts will be based on the annual revenue of a business

$0 – $25,000 = up to a $2,500 grant

$25,001 – $50,000 = up to a $4,500 grant

$50,001 – $100,000 = up to a $6,500 grant

$100,001 – $300,000 = up to a $8,500 grant

$300,001 – $500,000 = up to a $10,000 grant

  • Grant amounts could be less depending upon number of applications and available funding
  • Maximum grant amount is $10,000
  • Eligible expenditures must be made between March 1, 2020 – December 30, 2020
  • Businesses will be required to verify funds were used for eligible expenditures and shall be required to repay all or a portion of the grant if business is found not in compliance with grant requirements
  • Businesses that have previously been awarded assistance through other programs or SBA programs are not prohibited from applying for the Ready for Business Grant Program
  • At least 15% of the recipients will be women and minority owned businesses as defined by New York Statute
  • Business must remain in business for a minimum of 6 months after receiving a grant award
  • Only 1 grant per applicant
  • Applicant commits to reporting on status of business at 3 months and at 6 months after receiving grant award