News on Behalf of Palm Beach County: Business Grants Available
Brought to you by Palm Beach County's Department of Housing & Economic Sustainability.
PBC CARES FOR BUSINESS - Business 1 Grant
The COVID-19 crises forced the Palm Beach County business community to confront immense challenges. Small business owners in particular are facing highly difficult circumstances. We are pleased to implement the Palm Beach County CARES Small Business Grant Program to help vulnerable small businesses negatively impacted by the coronavirus pandemic.
Palm Beach County CARES for Business (PBC CARES) offers emergency financial support for qualified small businesses negatively impacted by the COVID-19 pandemic due to orders to close or limit operations. PBC CARES provides up to $5,000 per grant to help offset the significant, temporary loss of revenue to qualified businesses during this pandemic by assisting businesses in retaining and paying employees. The program is designed to help small businesses that were unable to receive funding through other small business assistance programs.
The County has allocated $280,000 for Phase One of PBC CARES. Funding comes from the County's federal Community Development Block Grant. This program is funded with Community Development Block Grant money.
For more information, visit http://discover.pbcgov.org/HES/Pages/PBC-Cares-Business.aspx
PBC CARES FOR BUSINESS - RESTART BUSINESS GRANTS
Business Assistance Grants available this Friday, May 22, 2020 at 8:00 AM - 60 Million Available to Restart Business in Palm Beach County
The Palm Beach County Board of County Commissioners (BCC) approved the CARES Restart Business Grants Program on May 15, 2020 to accelerate the reopening of businesses hardest hit by COVID-19.
The $60 million Business Restart Program uses a portion of the county's $261 million allocation from the Federal CARES Act approved by Congress. The BCC has dedicated $50 million toward businesses with 25 or fewer employees and $10 million towards businesses with greater than 25 employees.
The program guidelines, including eligibility criteria, are currently posted on the County's website. The BCC gave approval for individual grants up to $25,000 to help Palm Beach County businesses forced to close or limit operations and are now planning to "restart" based on the county's phased opening process.
Required documents will include a fully executed application from the county's online portal, certifications, affirmations and acknowledgements, tax returns, payroll reports, an active Palm Beach County Business Tax Receipt and an active registration on SunBiz. These documents will be required to be uploaded into the system by the applicant.
Interested businesses are encouraged to prepare for the Restart Program Application as they will be processed on a first come, first eligible basis. The online application is expected to launch on Friday, May 22, 2020 at 8:00 A.M. and will be accessible through the Palm Beach County website: http://pbcgov.com/hes
APPLICATION LAUNCH DATE - FRIDAY, MAY 22ND AT 8:00 AM
RESTART BUSINESS GRANTS
(25 Employees or Fewer)
Allocation: $50,000,000
Assistance Offered: $25,000 maximum award (Grants & Forgivable Loans received by businesses related to COVID-19 will be reduced from eligible maximum award)
Eligibility
- Business has 25 employees or fewer
- Business has been operating since October 1, 2019 and was still operating on February 29, 2020
- Business is located in Palm Beach County
- Business is not a publicly traded company
- Business is not a non-profit organization
- Business does not exceed $3 million in total gross receipts or sales
- Businesses with 25 or less employees and total gross receipts or sales of $3-5M will be funded from the $10M allocation
Examples of Eligible Businesses
- Agriculture
- Child Care Centers, Adult Day Care Centers
- Gyms & Fitness Studios
- Hair Salons, Nail Salons, Barber Shops
- Health Care Services & Medical Offices
- Professional Services
- Based on NAICS Codes
- Restaurants, Caterers, Bakeries
- Retail – Physical Brick/Mortar Store
Eligible Uses
- Salaries/Payroll
- Inventories
- Commercial Lease, Mortgage, or Rent Payments
- Utilities
- Other Expenses - due to new safety provisions
Required Documents
- Fully executed application, including certifications, affirmations, and acknowledgements
- Financial information such as tax returns and payroll report
- Active Palm Beach County Business Tax Receipt
- Active copy of your Registered Business as shown on SunBiz.Org
Justification
To support businesses most affected by COVID 19
Other
- Minimum number of business helped under this program is 2000, if maximum award is granted
- Completed applications will be processed in the order that they were received
- PBC will be partnering with S/M/WBE vendors to process business grant applications
Statistics: FL Department of Economic Opportunity 2018 employment data
- 58% of businesses in Palm Beach County have 5 or less employees
- 20% of businesses in Palm Beach County have 6-25 employees
- 22% of businesses in Palm Beach County have over 25 employees
APPLICATION LAUNCH DATE - FRIDAY, MAY 22ND AT 8:00 AM
RESTART BUSINESS GRANTS
(More than 25 Employees)
Allocation: $10,000,000
Assistance Offered: $25,000 maximum award (Grants & Forgivable Loans received by businesses related to COVID-19 will be reduced from eligible maximum award)
Eligibility
- Business has more than 25 employees
- Business has been operating since October 1, 2019 and was still operating on February 29, 2020
- Business is located in Palm Beach County
- Business is not a publicly traded company
- Business is not a non-profit organization
- Business does not exceed $5 million in total gross receipts or sales
Examples of Eligible Businesses
- Agriculture
- Child Care Centers, Adult Day Care Centers
- Gyms & Fitness Studios
- Hair Salons, Nail Salons, Barber Shops
- Health Care Services & Medical Offices
- Professional Services
- Based on NAICS Codes
- Restaurants, Caterers, Bakeries
- Retail – Physical Brick/Mortar Store
Eligible Uses
- Salaries/Payroll
- Inventories
- Commercial Lease, Mortgage, or Rent Payments
- Utilities
- Other Expenses - due to new safety provisions
Required Documents
- Fully executed application, including certifications, affirmations, and acknowledgements
- Financial information such as tax returns and payroll report
- Active Palm Beach County Business Tax Receipt
- Active copy of your Registered Business as shown on SunBiz.Org
Justification
To support businesses most affected by COVID 19
Other
- Minimum number of business helped under this program is 400, if maximum award is granted
- Completed applications will be processed in the order that they were received
- PBC will be partnering with S/M/WBE vendors to process business grant applications
Statistics: FL Department of Economic Opportunity 2018 employment data
- 58% of businesses in Palm Beach County have 5 or less employees
- 20% of businesses in Palm Beach County have 6-25 employees
- 22% of businesses in Palm Beach County have over 25 employees
