Smyrna CARES Small Business/Nonprofit Grant Program (US)

Deadline: 30-Oct-20

Mayor and City Council of the City of Smyrna, GA announces the creation of a Small Business/Nonprofit CARES Grant program to assist locally owned and operated small businesses and nonprofits who have experienced business interruption due to the COVID-19 public health emergency.

Funds are made available through CARES Act funds allocated by Cobb County Government with funds received through the Department of the Treasury’s Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

Funding Information

Qualifying businesses and nonprofit organizations must demonstrate a financial impact of $500 or greater to receive grant funds (minimum of $500 in grant funding).

Eligibility Criteria

Business/Nonprofit primary location must be within the City of Smyrna City Limits;
Business/Nonprofit must have been in continuous operation for a minimum of one (1) year prior to March 13, 2020;
Business/Nonprofit must have a current business license issued by the City of Smyrna and be current on all City taxes, permits, and utility payments;
Business must meet the Small Business Administration’s (SBA) definition of a small business based on the industry;
Business/Nonprofit has estimated annual gross receipts under $5 million;
Business/Nonprofit must show financial disruption of $500 or greater.

Requirements

Copy of current City of Smyrna Occupational Tax Certificate;
Copy of 2019 business or nonprofit federal tax return (IRS Forms accepted include: 990, 1120, 1120S, 1065, Schedule C or Schedule F);
W9 Form;
Please provide documentation or certification if you have received Paycheck Protection Program (PPP) funding from the Small Business Administration (SBA);
Nonprofit entities must include a current 501 (c)(3) status.

Additional Information

Funds are made available through CARES Act funds allocated by Cobb County Government with funds received through the Department of the Treasury’s Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
The Smyrna CARES Business/Nonprofit grant is not a loan. It is a grant and is not required to be paid back to the City of Smyrna by the businesses or nonprofits that receive a grant allocation distributed by the City of Smyrna.
The application period is Thursday, October 1 to 5:00 p.m. on Friday, October 30, 2020.
Businesses that qualify may be home-based or located in an owned or leased commercial space.
Ineligible businesses include: gambling institutions, multi-level marketing organizations, real estate investment firms (REITS), adult entertainment
On the application, you must provide a brief description of how your business or organization has been impacted due to the COVID-19 national public health emergency in addition to other requirements. The funds may be used for the following:
- Rent/leases/equipment rental;
- Utility payments;
- Marketing;
- PPE and other supplies/costs for ensuring employee and customer safety;
- Rehiring and/or maintaining full-time W-2 or 1099 employees.
Though you are eligible to receive funds through this program if you have received other forms of funding, it is incumbent upon the applicant to ensure compliance with any other local, state, or federal relief funding received.