Laurel Strong COVID-19 Small Business Grant Program (U.S.)
Deadline: 02-Oct-20
The City of Laurel Department of Economic and Community Development (Laurel ECD) is seeking applications for its Laurel Strong COVID-19 Small Business Grant Program.
The goal of this program is to provide financial support to businesses that have been negatively impacted by the COVID-19 pandemic. Funds to support this program are provided locally through the CARES Act, via the City’s Coronavirus Relief Fund Agreement with Prince George’s County.
Funding Information
This Program will award grants in the amount of $500 to $10,000 to businesses located within the City of Laurel. The total fund dedicated to this Program is $335,000.
$115,000 of the fund is dedicated to businesses with a single physical commercial location within the City of Laurel limits and 10 or fewer full-time employees
$115,000 of the fund is dedicated to minority, women, and veteran-owned businesses with a single physical commercial location within the City of Laurel and 10 or fewer full-time employees
$60,000 of the fund is dedicated to businesses with a single physical commercial location within the City of Laurel and 10 or more full-time employees
$25,000 of the fund is dedicated to childcare businesses with a physical location within the City of Laurel
$20,000 of the fund is dedicated to non-profit businesses that have a physical location within the City of Laurel.
Eligibility Criteria
The business and/or business owner(s) shall not have previously received any funding for their business from the CARES Act, Maryland COVID-19 Emergency Relief Grant Fund, or the Prince George’s County COVID-19 Business Relief Fund
The business must have been negatively affected by, and the purpose of the requested grant shall be directly related to, the COVID-19 pandemic
The business must be able to demonstrate a loss of revenue between March and July 2020
The business must be able to demonstrate that it was unable to operate or operated at a reduced capacity due to COVID-19
The business must have a physical commercial location within the City of Laurel incorporated boundaries and a current signed leasing contract or proof of ownership of the property
The business was established with a valid City of Laurel use and occupancy permit prior to March 16, 2020
The business must have at least one full-time employee that is currently employed and, on the payroll, or be an established sole proprietorship
The business must be in good standing with the State of Maryland
The business and all business owners must be current on all City, County, State, and Federal tax payments
The Applicant is not engaged in any illegal activity.
How to Apply
Please read all eligibility requirements thoroughly before beginning your application.
The application may not be updated after submission. Please make sure your application is correct and complete before submitting it.
Only one application submission per business entity will be considered.
Submission of an incomplete and/or inaccurate, the application may disqualify a business from being awarded funding. Please check your application for completeness and accuracy before submitting it.
No applications will be accepted after the deadline.
Applications must be submitted through the online application portal linked below.
For more information, visit https://www.cityoflaurel.org/ecd/laurel-strong-covid-19-small-business-grant-program