The program will assist 10 to 20 small businesses with micro-grants of up to $10,000 in one-time financial assistance. The program's purpose is to relieve some of the costs caused by required closures/business interruption due to COVID-19.
Funds can be used for any documented business operations expense such as rent or mortgage, payroll, utilities, insurance, loan payments related to running the business, etc. Grant recipients will be asked to provide basic reporting to the City on how grant funds were utilized.
Deadline to Apply: August 23, 2020.
Grant recipients will be notified and funds allocated by mid to late September, 2020.
Due to limited funding for this program, the City has identified the following criteria in order to assist businesses that may not have access to other funds for support and/or whose reopening is in a later stage of the State’s reopening guidelines:
Headquartered in the city of Paso Robles with a current Business License.
Small Business with 25 employees or fewer; priority given to smaller businesses with more than one employee.
Had to close or had limited operations due to COVID-19 restrictions resulting in economic loss to the business.
Able to demonstrate a clear need for grant funding to support business operations.