Franklin County has established a second $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. Applications will be accepted beginning September 8, 2020 and no later than October 9, 2020. 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
INELIGIBLE BUSINESSES: businesses that are permanently closed, engaged in illegal activities, non-profit and seasonal businesses, franchises except those that are locally owned and operated.
1 to 5 FTEs - $2,500 maximum grant amount available
6 to 10 FTEs - $5,000 maximum grant amount available
11 to 25 FTEs - $7,500 maximum grant amount available
26 + FTEs - $10,000 maximum grant amount available*See Overview document for how to compute FTEs.
The Applicant covenants to save, defend, hold harmless and indemnify the County, and all of its officers, departments, agencies, agents and employees (Collectively the "County") from and against any and all claims, losses, damages, injuries, fines, penalties, costs (including court costs and attorney's fees, charges, liability or exposure, however caused, resulting from, arising out of, or in any way connected with this application.The Applicant provides a waiver of confidential information provided to the Commissioner of the Revenue and Treasurer of Franklin County, authorizes the internal use of this information for the grant analysis. The Applicant acknowledges that the County will keep all proprietary information voluntarily provided by the Applicant confidential to the extent permitted by the Virginia Freedom of Information Act and other applicable laws and regulations pertaining to the disclosure of records in its possession, and acknowledges that all grant award decisions are final and are not subject to appeal.I certify that I have read and understand and am authorized to complete and submit this application. I verify that the statements contained herein are true, accurate and complete. I acknowledge that false and inaccurate statements made on the application are grounds for immediate rejection of the application.
By checking the "I agree" box below, you agree and acknowledge that 1) your application will not be signed in the sense of a traditional paper document, 2) by signing in this alternate manner, you authorize your electronic signature to be valid and binding upon you to the same force and effect as a handwritten signature, and 3) you may still be required to provide a traditional signature at a later date.
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