Deadline: 11-Jun-21
The City of Bedford is offering a grant program for small businesses in the City of Bedford impacted by the COVID-19 Pandemic.
Grant program to businesses to retain jobs, 51% of which are for persons who are determined to be low to moderate income by job category on an aggregated basis.
Funding Information
- Grant Amount – Up to $10,000 maximum.
Eligibility Criteria
For-profit businesses located primarily in the City of Bedford
- Gross receipts equal to or less than $1 million per year
- 100 or fewer employees (full-time and part-time)
- Microenterprises, businesses with 5 or fewer employees, one of which must be the owner are eligible:
- The owner is low to moderate income; or
- 51% of employees retained are lowto moderate income in an aggregated basis.
- Businesses must demonstrate direct financial impact/need as result of COVID-19
- Preference given to locally-owned businesses
- Preference given to Minority – Women – and/or Veteran – Owned businesses.
Grant approval decisions will be based on the ability of the business to demonstrate that a grant is necessary to retain low to moderate income employees, that the grant will have a positive impact on employment, and that the business was viable before the public health crisis. The scoring criteria include:
- The number of jobs held or retained (Will be aggregated to meet or exceed 51% low to moderate income employees.)
- Business will retain of low- to moderate income jobs
- Business is hospitality or retail based
- Business location within the City of Bedford
- Business is woman, minority or veteran owned
- Business longevity
- Business is locally owned
- Business receiving assistance previously.
For more information, visit https://www.bedford.in.us/Docs/Departments/City/Bedford_COVID-19_Grant_Program_Guidelines_Application_Phase%203_1.pdf