(WFXR) – Montgomery County and the Towns of Blacksburg and Christiansburg have teamed up to establish a grant fund in support of small business recovery from COVID-19.
These one-time grants are being provided to help offset impacts that the hotel-motel industry has seen during the pandemic.
In order to qualify for these grants, businesses must meet the following criteria:
- Must be an existing for-profit business physically located in Montgomery County or the Towns of Blacksburg or Christiansburg and possess a valid business license.
- Must be current on all fees, permits and taxes as of the time of application, except when extensions have been granted by one of the municipalities due to COVID-19.
- Business has active liability insurance within 30 days.
- Owner/Applicant is not currently in bankruptcy.
- Most demonstrate impacts due to COVID-19 (i.e. has suffered at least 20-percent or more decrease in revenue or net income when comparing 2019 and 2020 local hotel/lodging tax filings).
- Bed and breakfasts are eligible to apply, but short-term rentals (Airbnbs) are not.
Those who do qualify for the grants can use the funds to reimburse the cost of business interruption caused by COVID-19 which may include any of the following expenses made after March 15, 2020 (deemed “necessary” expenses for business survival including:)
- Payroll expenses, including wages or benefits.
- Lease or mortgage payments.
- Utilities (excluding Town/County water and sewer).
- PPE or cleaning supplies or service.
Ineligible items include anything paid before March 15, 2020; anything already being reimbursed by other federal or state funds, local CARES Act funds, and anything not deemed “necessary.”
Guidelines for the grant include:
- Application completion is due by Dec. 7.
- Maximum amount is based on the number of rooms.
- One grant per business establishment.
- Funds will be reviewed by a grant review committee and awarded at one time.
Maximum funds available per award will be based on the number of hotel rooms multiplied by $250.
Applicants will need to supply receipts for eligible expenses incurred between March 15 and Nov. 1, 2020 up to the maximum award amount at the time of the application.
Funds cannot be used to pay taxes, fees or any other payments due to the County or the Towns.
A review committee will evaluate the applicant’s documents for eligibility. All applicants will receive an email notifying them as to whether or not their online application was accepted by Dec. 30..
For a copy of the application, visit one of these sites:
For information or questions about the grant, email email@example.com.
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