City of Boise Announces Municipal Small Business Grant Program
The COVID-19 pandemic has had a profound impact on our entire business community, especially small businesses. As we’ve continued to navigate the effects of the virus, our small business community has been instrumental in collaborating on the current and long-term needs for the path to recovery. And, in continued work of mapping out recovery together, the City of Boise remains committed to providing available resources to those in our community affected by the pandemic.
We are proud to announce the Municipal Small Business Grant Program, launching Wednesday, September 16. The City has $1.5 million allocated to assist eligible businesses and organizations. Program grants will be distributed on a first come, first serve basis.
Funding is made possible by Governor Little’s Coronavirus Financial Advisory Committee, which created a grant to provide financial relief to local businesses and organizations affected by the COVID-19 pandemic, enabling cities and counties to provide aid within their community. The Advisory Committee granted the City of Boise the authority to create the program from previously allocated funds.
Eligibility criteria includes:
- 100 employees or less
- Grant funds must cover expenses that:
- Are necessary expenditures due to the COVID-19 public health emergency
- Were not accounted for in the businesses’ operating budget approved as of March 17, 2020 (the date of enactment of the CARES Act)
- Were incurred beginning June 20, 2020 and end on December 30, 2020
- Were not previously reimbursed by other federal, state, Paycheck Protection Program (PPP) loans or insurance programs
- Eligible businesses/organizations may be awarded up to a maximum of $15,000 in grant funds. Previous funds received from federal, state, Paycheck Protection Program loans, or insurance programs will be deducted from the total of $15,000.
Full details of the program, including a link to the application can be found at: www.cityofboise.org/smallbusinessgrant