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Peoria offers grant funding opportunities for local businesses
Posted
The City of Peoria is about to launch a couple financial assistance opportunities for local businesses.
The Peoria Small Business/Nonprofit Relief Grant Program opens Aug. 19 and will offer up to $20,000 to qualifying small businesses for expense reimbursement.
Businesses who have been approved for and/or received funding from the EIDL and/or PPP programs are now eligible to apply.
For-profit and 501(c)3 nonprofits, as well as sole proprietorships are also eligible. The application period starts Aug. 19 and runs through Sept. 18, 2020. Businesses must be in operation in the city of Peoria 12 months prior to date of application submission; employ 25 or fewer full-time equivalents as of March 1, 2020; did not generate more than $3 million in gross revenues between January 1, 2019 and December 31, 2019; and gross sales or revenues must have declined by at least 25% as a result of COVID-19 between March, April, May, June, or July 2020 compared to the same period in 2019.
City officials said they are continuing to focus their efforts around economic recovery moving forward, this includes creating funding opportunities designed specifically for Peoria businesses and keeping business owners updated on the latest changes in funding options.
Maricopa County Small Business/Nonprofit Relief Grants are also opening Aug. 17.
Grants are available in amounts up to $25,000 to small businesses and nonprofits experiencing financial hardship due to the COVID-19 pandemic. The application period runs Aug. 17 through Oct. 2, 2020.
Additionally, the Main St. Matters Better Business Bureau Grant Program us currently available to the following eligible business types: sole proprietorships, corporations, partnerships, and LLCs with a valid employer identification number. At this time, franchisees, nonprofits and independent contractors are not eligible. To apply, visit https://www.bbb.org/pacific-southwest/main-st.-matters/.
