If you are the operator of a Northampton County compact small business that has suffered economic hardship due to the COVID-19 pandemic, you could be suitable to acquire a Compact Organization Aid System grant of up to $15,000.
The county recently partnered with the Larger Lehigh Valley Chamber of Commerce (GLVCC) to encourage yet another round of relief grants, which had been first available last yr.
In June, Northampton County Council authorised a resolution to build a new economic relief application, which will distribute $15 million in American Rescue Strategy (ARP) funding to organizations in the county with 100 or less personnel.
As of Monday, ARP little small business grants totaling $2,984,161.53 experienced been awarded to 209 Northampton County companies considering the fact that June, claimed director of the Northampton County Division of Local community and Financial Enhancement (DCED) Tina Smith.
In addition to staying physically dependent in Northampton County and currently operating–or with a obvious reopening plan–businesses must meet up with a number of eligibility recommendations in purchase to qualify for the grants.
Grant funding may only be made use of to deal with specified expenses, such as payroll, gain expenditures, employee retention expenses, home loan, rent, utility payments and other operating costs.
Corporations that obtained a grant underneath the Northampton County COVID-19 Relief Little Company Grant System among March 1 and Dec. 30, 2020 are not currently suitable to use for this round of funding, while Smith explained they will be beginning in August.
Grants should be applied to address organization bills not previously coated by other aid steps, these as state grants or financial loans, Little Enterprise Administration Paycheck Safety (PPP) loans and neighborhood/regional grant and/or loan packages.
An overview of the little business reduction software along with entire eligibility and other recommendations moreover the software sort may perhaps be observed on the net on the GLVCC web page.
There is an Aug. 31, 2021 deadline for small businesses to implement for a grant.
When apps are been given, the Northampton County DCED in partnership with the Greater Lehigh Valley Chamber of Commerce is processing them on a rolling foundation.
Grant applications are then reviewed by a committee created up of Northampton County Administration members, Northampton County Council members and team from the Better Lehigh Valley Chamber of Commerce, whose associates will make funding suggestions to Northampton County Executive Lamont McClure.
“Priority will be provided to companies that have not obtained other state or federal COVID-19 grant assistance and/or funding,” according to the GLVCC system overview.
McClure will make the remaining suggestions for the grant awards to Northampton County Council, which will then take into account every application for approval or denial.
“The effects of the pandemic go on to reverberate by way of our economic system,” McClure claimed in a assertion. “I inspire any little organization in Northampton County having difficulties from the results of COVID-19 to utilize for a modest business aid grant. Smaller organizations deliver employment and produce desired serves to our inhabitants and we want to hold all those organizations balanced and flourishing.”
Last 12 months, much more than 750 tiny organizations in Northampton County gained COVID aid grant funding that totaled far more than $10.1 million, in accordance to McClure’s deputy director of administration, Becky Bartlett.