EDA PACKET 08.18.20 - Laserfiche WebLink

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Businesses that primarily derive income from: gambling, adult entertainment, pawned merchandise, guns, passive investments, real estate transactions, property rentals or property management, billboards, or lobbying. Application Process All businesses must complete, sign and certify the grant application. The business must provide all required information verifying their eligibility. All businesses must provide, and document evidence of COVID-19 eligible expenses incurred. Application Forms will be accepted beginning August 10, 2020 through August 24, 2020 at 4:30 pm. Applications will be prioritized and funded to the businesses that best meet program goals and priority will be given to those business types previously identified as stated above of this policy. The program administrator and/or the CDA reserve all rights to deny any application that is not in compliance with program guidelines or these stated policies. If applications exceed the funding available, the fund administrator Metropolitan Consortium of Community Developers (MCCD) will select grant recipients using a priority -based selection process based on criteria determined by Washington County. The program administrator, MCCD, will begin to notify approved applicants by email on or before August 31, 2020. Upon notice of an approved application, applicants will be required to submit the following within 10 business days: 0 2019 Federal Business Tax Return or appropriate Business Tax Schedule - based on entity type. Businesses that have not yet completed a 2019 Federal Return are eligible to apply and substitute other documentation of revenue. o Evidence of revenue loss related to the COVID-19 pandemic emergency. Applicants should submit documentation that best demonstrates the impact and is deemed acceptable to Program Administrator. Some examples of acceptable documentation include: Landlord letters, Sales Tax Reporting, Period Statements from 3rd -party Sales Platforms, Merchant Services Statements, and Point of Sale or Register reports. o Evidence of employment prior to March 1 st, 2020. Acceptable documentation may include period reporting from a 3rd -party payroll processor, applicant's Federal Form 941/Employer's Quarterly Federal Tax Return, or other State or Federal payroll -related filing. o Any additional documentation or information deemed necessary by the fund administrator to determine eligibility, generate grant agreement documents, disburse grant proceeds, or meet program reporting requirements. o Failure to submit any required documentation will result in forfeiture of funding award. Grant proceeds will be disbursed after applicant complies with all policy provisions; and executes a grant agreement. Note: The Washington County CDA Board reserves the right to authorize staff to revise these guidelines as needed to best address the impact of the COVID-19 pandemic.