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Small Business Recovery Grant Application

Steps

  1. 1. Step One
  2. 2. Eligibility
  3. 3. Contact Information
  4. 4. Business Function
  5. 5. Business Operations
  6. 6. Grant Narrative
  7. 7. Applicant Signature and Certification
  • Step One

    1. Franklin County VA Logo


    2. Franklin County Office of Economic Development
      1255 Franklin Street, Suite 112
      Rocky Mount, VA 24151
      Phone: 540-483-3030

    3. APPLICATIONS WILL BE ACCEPTED BEGINNING JULY 20, 2020 AND NO LATER THAN AUGUST 14, 2020.

      Franklin County has established a $500,000 grant fund to support small business recovery following the COVID-19 outbreak; grant funds will be used to reimburse the costs of business interruption caused by required closures. One-time grants of up to $10,000 are being provided to eligible businesses on a first-come, first-served basis and subject to availability of funds. An applicant must substantiate that the business experienced interruption due to full or partial (limited space, limited service, limited hours, limited staff, etc.) closure during the COVID-19 public health emergency. Such closure may have been mandated by executive order, or voluntary (for example, to promote social distancing, or in response to decreased customer demand), but must have been in response to the COVID-19 health emergency. Funds can be used to pay for eligible expenses going forward or to reimburse the business for eligible expenses incurred since March 1, 2020.

      Eligible uses of the grant funds include, but are not limited to the following:

      1) Operations (i.e., payroll, rent, mortgage, supplies, utilities, working capital, insurance, etc.)
      2) Pivot to respond to new market conditions (i.e., develop online sales/e-commerce, delivery or take out; develop new product line, etc.)
      3) Equipment and inventory purchases
      4) Rent or mortgage expenses
      5) Deep cleaning services, PPE, protective barriers, etc.
      6) Other critical operating expenses

    4. Please note! Successful grantees will be required to execute a performance contract stipulating that funds will be used for an eligible purpose prior to December 15, 2020 or return the grant funds. An IRS Form W-9, Request for Taxpayer Identification Number, will need to be submitted with the executed performance contract.