Small Business Assistance Program
As the current State Health Orders continue to keep us “Safer at Home” during the coronavirus pandemic, the small businesses in our community are struggling. To help mitigate the ongoing effects of the pandemic on our local businesses and their employees, the Orange City Council has approved a new Small Business Assistance Program. Qualified small businesses can apply for up-to $10,000 in grant funds, which is to be used to help them continue operations and retain their employees for at least 90 days.
To qualify for the grant, businesses must meet specific criteria,* including that the business be physically located in Orange, not be part of a chain or franchise, and currently be employing at least 5, but not more than 50, people. At least half of the applicant’s employees must meet the HUD definition of “low-and moderate-income level” workers, and they must be actively working at the time of application.
The Small Business Assistance Program is fully funded by a $705,956 Federal Community Development Block Grant. Click here for the full list of qualifications. Application will be available Tuesday, May 26 at 8:00 am.
*Based on demand, the City has the discretion to adjust the grant eligibility criteria, particularly as it relates to minimum number of employees, minimum annual gross revenue, and the percentage decrease in revenue due to COVID-19, in order to maximize the effective reach of the Program.
|1. Revenue statements for 2 months in 2020 verifying 50% less revenue than the same months in 2019|
|2. Revenue Statements for the same two months in 2019|
|3. Annual revenue statement for 2019|
|4. Payroll records for each qualifying employee|
|5. Income verification form for each qualifying employee|