Redwood County
PANDEMIC BUSINESS
GRANT PROGRAM
For businesses in Redwood County adversely affected by COVID related Executive Orders, with priority to those listed in Executive Order 20-99
Applications will be accepted beginning on Monday February 1, 2021 and close at 4 p.m. Friday, February 19, 2021
Pandemic Business Grant Program
Governor Walz signed into law a $216 million package of direct support for businesses.
Included in the package is disbursement of $300,059.09 to Redwood County to administer a business grant program.
ABOUT THE PROGRAM
In response to the legislation, Redwood County EDA will administer the Pandemic Business Grant Program to Redwood County businesses adversely impacted by the COVID-19 pandemic. The purpose of the program is to provide economic relief grants to for-profit and non-profit businesses directly or indirectly affected by a COVID related executive order, with priority to those listed in Executive Order 20-99 (EO 20-99); adhering to the State of Minnesota regulations associated with the County Relief Funding Program. The primary goal of the program is to facilitate business survival and enhance to the greatest extent possible retention of jobs throughout Redwood County.
GRANT AMOUNT
Applicant is eligible to receive up to $10,000. Actual grant award will be based on:
- Business’s year over year loss, not to exceed $10,000
- Businesses which do not have complete 2019 gross revenues, will utilize 2020 quarter revenues. The difference will serve as the grant award, plus $5,000, not to exceed $10,000.
- Priority will be given to those businesses directly or indirectly impacted by EO 20-99 and did not receive the Minnesota Department of Revenue (DOR) or Department of Employment and Economic Development (DEED) direct distribution. Additional, priority will be to those businesses which did not receive CARES Act grant relief funds.
Applicant is eligible to receive up to $10,000
ELIGIBILTY
ELIGIBLE APPLICANTS
- Must be physically located in Redwood County.
- Must have been in operation on or before July 1, 2020
- Gross revenues for the business in 2020 must be less than $250,000
- For-profit and non-profit operating as a business, must fall within one of the three tiers:
- TIER I: directly affected monetarily by EO 20-99 which forced closure or reduction of occupancy and did not receive the DOR direct payment. This includes restaurants, bars, gyms, and bowling centers.
- TIER II: directly affected monetarily by EO 20-99 and received the DOR direct payment to include, restaurants, bars, for-profit gyms or business indirectly affected monetarily by EO 20-99 which income primarily derives from sale of goods and services to businesses listed in EO 20-99.
- TIER III: Business which can provide evidence of gross revenue decline as a result of a COVID related executive order. This includes home-based businesses which serve as the Applicant’s primary source of income.
- Document gross revenues
- Have no current tax liens on record with the Secretary of State
INELIGIBLE APPLICANTS
- Accounting firms, auto sales, franchise owned corporate chains and/or multi-state chains, construction companies, chiropractors, dental, health/medical and eye care facilities, insurance agencies, law firms, lending institutions, passive investments, production agriculture, realtors, residential rental properties, faith-based organizations, trucking/logistics companies, units of government and utility companies.
- A business engaged in activities that are prohibited by federal law or applicable law in the jurisdiction where the business is located or conducted.
FUND USES FOR THE PROGRAM
ELIGIBLE USES
- Rent or mortgage payments
- Utility bills
- Property taxes
- Insurance costs
- Legal fees
- Payroll for current employees
- Repairs to existing building and/or equipment
- Costs associated with reopening or restructuring operations
INELIGIBLE USES
- Business start-up expenses
- Capital improvement projects
- Workforce bonuses
- Expenses listed must not have been reimbursed by or purchased by other COVID Relief Funds such as the PPP loan