Jefferson County Small Business/Microenterprise Assistance (SBMA) Grant Program
NeighborImpact, through a grant from the City of Madras, is providing grants to small businesses and microenterprises located in Jefferson County that have been impacted by the COVID-19 public health crisis.
The SBMA is a business grant program intended to support existing businesses that have been impacted by the COVID 19 emergency and resulting stay-at-home order, and are in need of assistance to remain in business and sustain jobs. The intended outcome of the SBMA program is to avoid job loss caused by business closures related to social distancing by providing short-term working capital assistance to small businesses to enable retention of jobs held by low- and moderate-income persons.
The SBMA is intended to help businesses remain solvent through the crisis and be ready/able to rebuild and/or reopen; and to fill specific cash flow gaps in businesses in their efforts to scale down, reduce expenses, and take any additional defensive measures to survive the crisis.
Eligible applicants must demonstrate the ability to retain jobs of low- or moderate-income employees.
- Minimum grant request: $2,500
- Microenterprise maximum grant request: $10,000
- Small Business maximum grant request: $20,000
- Small Business job creation/retention requirements: One (1) low- or moderate-income full time equivalent job must be created or retained for every $2,500 requested. Created and/or retained jobs must be held by individuals that meet the low- and moderate-income definition, and that does not reside in a CDBG entitlement community. Prorated amounts can be requested for part time job (i.e. $1,250 a half-time job, etc.).
Uses of Grant Funds:
- Grant funds are intended to support business operating expenses, including payroll costs, lease costs, supplies/inventory, marketing, or related expenses.
- Grant funds may NOT be used for construction, building repair/rehabilitation, equipment purchase, or any similar use.
- Applicant must be either a small business or a microenterprise. Definitions:
- Small Business: A business that is independently owned and operated and which is not dominant in its field of operation and in conformity with specific industry criteria defined by the Small Business Administration (SBA).
- Microenterprise: A commercial enterprise that has five or fewer employees, one or more of whom owns the enterprise.
- Applicant businesses must be incorporated with the Oregon Secretary of State and have the legal standing to perform work in Jefferson County.
- Applicant businesses must be located in Jefferson County, outside of the Confederated Tribes of Warm Springs.
- The applicant must demonstrate that it has been open/in operation in Jefferson County for at least one year prior to application.
- For businesses that are currently closed due to the COVID-19 emergency, applicants must demonstrate that they had been open/in operation in Jefferson County for at least one year prior to closure, and must have a documented plan to re-open after COVID-19 restrictions are relaxed.
- The applicant must demonstrate that it was stable prior to the COVID crisis.
- The applicant must provide evidence that the need for the grant is a direct result of the effects of the COVID-19 crisis.
- The applicant must not be suspended or debarred per SAM.gov site; business must be eligible to receive state and federal assistance.
- For small business applicants: Must commit in writing that low- and moderate-income jobs that are used to demonstrate eligibility for this fund are retained for a period of not less than six months after receiving the grant funds or repay the grant to NeighborImpact.
- For microenterprise applicants: Must commit in writing to sustaining the business operations for a period of not less than six months from receipt of grant funds, or the grant funds must be repaid to NeighborImpact.
- Grant recipients must certify that no conflict to of interest exists between the business recipient and the City of Madras and/or NeighborImpact.
Low- and Moderate-Income Job/Employee/Microenterprise:
Applicants for this program must demonstrate the retention of jobs held by low- or moderate-income persons. To be eligible, applicants must demonstrate that employee(s) or the business owner whose job will be retained has a gross household income is equal to or less than 80% of the Area Median Annual Income for the county in which they reside, adjusted for family size.
Annual Household Income definition: Annual household income is defined as the total income earned before taxes by all household members, including job earnings (wages, salary, tips, bonuses, commissions), retirement payments, net income from business activities, farms, rents, royalties, trusts, estates, and any other income received regularly by all household members.
Applications for funding will be accepted until all available grant funds have been awarded. Applications will not be approved until all application support documents have been submitted and approved by NeighborImpact. Partial or incomplete applications will not be approved for funding.
- Does financial documentation demonstrate need?
- Does documentation demonstrate business was viable for at least one year prior to the COVID crisis?
- Does application material demonstrate a reasonable likelihood that business will remain viable and jobs will be retained for 6-12 months, based on the business strength pre-COVID and plan for sustaining viability through the COVID emergency and recovery?
For Questions or Assistance, contact:
(541) 323-6508 firstname.lastname@example.org
This grant program is funded in its entirety with federal grant funds from the Oregon Community Development Block Grant program