To assist business owners in response to COVID-19, the city of Kissimmee has committed $213,304 in Community Development Block Grant funds from the U.S Department of Housing and Urban Development (HUD) under the “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act), for the Small Business Assistance Grant Program.
The application process for two grants will open from Wednesday, July 15, at 8 a.m. through Tuesday, July 21, to 5 p.m.
This grant is designed to offset one month of business rental/mortgage and utility expenses for expenses incurred in the month of June or after. Applications will be available at https://www.kissimmeeresponds.com/businessassistance. Companies will have one week to submit a completed application.
Completed applications will then be entered into a lottery for random selection of processing and funding. Applications will be processed until funds run out.
•Micro Business Grants - companies with 1 - 5 employees; Max Grant $5,000
•Small Business Grants - companies with 6 - 75 employees; Max Grant $10,000
Eligibility and uses:
•Businesses that have received assistance, for mortgage and utility funds from any other program, for this same period of time, will not be eligible for this grant.
•Grants amounts are based on totals from documented eligible uses, and will not exceed maximum awards based on business category.
•Grants can be used for rent/mortgage or utility payments to prevent eviction/foreclosure or disconnection, due to the decrease of income caused by COVID-19.
•This grant will not cover payment of arrearages, past due amounts that occurred before June 1, 2020. This includes any late fees, or past due penalties incurred after June 1, from before June 1, 2020 debit.
•Per federal regulations for the use of these grant funds - companies must create or retain at least one permanent job. Plus, at least 51 percent of the jobs retained or created (computed on a full-time equivalent basis) have to be made available or be held by a low moderate-income (LMI) person(s). Example: If you retain five jobs, three must be held by LMI income people.
For Micro Businesses, the owner must be LMI or else retain or create at least one permanent job; an LMI person holds that.
For more information about the city of Kissimmee, visit www.kissimmee.org.