Grant Program for small businesses impacted by the Coronavirus Pandemic (US)
The City of Bedford is offering a grant program for small businesses in the City of Bedford impacted by the COVID-19 Pandemic.
Grant program to businesses to retain jobs, 51% of which are for persons who are determined to be low to moderate income by job category on an aggregated basis.
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Grant Amount – Up to $10,000 maximum.
For-profit businesses located primarily in the City of Bedford
Gross receipts equal to or less than $1 million per year
100 or fewer employees (full-time and part-time)
Microenterprises, businesses with 5 or fewer employees, one of which must be the owner are eligible:
The owner is low to moderate income; or
51% of employees retained are lowto moderate income in an aggregated basis.
Businesses must demonstrate direct financial impact/need as result of COVID-19
Preference given to locally-owned businesses
Preference given to Minority – Women – and/or Veteran – Owned businesses.
Grant approval decisions will be based on the ability of the business to demonstrate that a grant is necessary to retain low to moderate income employees, that the grant will have a positive impact on employment, and that the business was viable before the public health crisis. The scoring criteria include:
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The number of jobs held or retained (Will be aggregated to meet or exceed 51% low to moderate income employees.)
Business will retain of low- to moderate income jobs
Business is hospitality or retail based
Business location within the City of Bedford
Business is woman, minority or veteran owned
Business is locally owned
Business receiving assistance previously.
For more information, visit https://www.bedford.in.us/Docs/Departments/City/Bedford_COVID-19_Grant_Program_Guidelines_Application_Phase%203_1.pdf