Loading...
2020-12-16 City Council Item No. 11.4 Menifee CARES Small Business Relief Grant, Round 4 Presentation Regular MEETING - Additional Meeting MaterialsItem 11.4 Menifee CARES Small Business Relief Grant, Round 4 Presented By: Kayla Charters, Economic Development Analyst Background •August 19: Menifee City Council accepted the Menifee CARES funds ($1,198,820) provided by the State’s CARES Act •Emergency Operation Center (EOC) •Community Outreach/education efforts •Business outreach/support efforts •Required to disperse information provided by the State that pertains to COVID-19 •Menifee has funded three rounds of Menifee CARES Grant with these funds, funding 53 businesses •Grant Eligibility: •Private for-profit •Business must reside in Menifee •Have less than 15 Employees •Have experienced financial hardship as a result of COVID-19 •Business license in good standing Menifee CARES Small Business Grant Amount Allocated No. of Businesses Awarded Round 1 $100,000 20 Round 2 $100,000 20 Round 3 $65,000 13 Total $265,000 53 New Round •Stay-at-Home Order issued December 5th •Boots on the Ground/Uncertainty •Proposed 4th round of Menifee CARES Small Business Grant totals $150,000 to assist Small Businesses •Application Period: Dec 17-Dec 24 •Required Documentation: •Grant Application •Proof of Impact of COVID-19 •Receipts/Proof of Reimbursable Expense (must have occurred prior to Dec. 31) •W-9 • Staff Recommendation Approve Round 4 of the Menifee CARES Small Business Relief Grant, as part of the Menifee FORWARD initiative, in the amount of $150,000, utilizing the Menifee CARES funding allocation to assist the Menifee business community during the COVID-19 pandemic with the latest stay at home order. Questions?Thank you!