01/07/2021 EDAC Packet - Laserfiche WebLink

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Approved 12/22/20 2 | Page • Home-based businesses or nonprofits are eligible so long as they have at least one or more W-2 employee in addition to the principal. Home-based businesses are defined as businesses where the primary office is registered and located at the owner’s residence/property. • Freelance or organized musicians and performing artists in Minnesota, who work or reside in Anoka County, are eligible to apply for grants under the solo business employee category, or home-based business category (if applicable) with no requirement of having one or more W-2 employees. Ineligible Businesses or Nonprofits • Businesses/nonprofits that primarily derive income from gambling or adult entertainment are ineligible. • Corporate chains, multi-state chains are ineligible. • Businesses/nonprofits that derive more than 50% of income from other real estate related services, such as sales/brokerage, property management, etc., are ineligible. • 501 (C)(6) nonprofits are ineligible, with the exception of chambers of commerce organizations. Grant Amounts: Eligible businesses and nonprofits will receive a grant payment based on their number of employees prior to closure. Applicants will need to show number of employees as of February 1, 2020 with their application. Newer businesses may disclose number of employees at time of opening. Grants received from all sources must not exceed the amounts of operating expenses the applicant incurred since the pandemic, nor exceed their total losses since the pandemic. The grant payments are considered taxable income and will be calculated as shown below: • Businesses/nonprofits with 1-20 FTE employees up to $15,000 • Businesses/nonprofits with 21-100 FTE employees up to $25,000 • Businesses/nonprofits with 101-300 FTE employees up to $35,000 • Businesses/nonprofits with 300 or more FTE employees up to $45,000 Chambers of Commerce nonprofits located in Anoka County grant amounts will be calculated as shown below: • Chambers with 200 or less members up to $15,000 • Chambers with 201 or more members up to $25,000 Home-based businesses will be eligible for: up to $10,000