Businesses Invited to Apply for CDBG-CV Grants
Mitchell County and the City of Beloit are now accepting grant applications for the Community Development Block Grant program. Mitchell County and the City of Beloit received $132,000 each to help our local businesses with payroll and inventory expenses.
Grant funds are from the United States Department of Housing and Urban Development (HUD) and administered by the Kansas Department of Commerce. As sub-recipients, we must comply with all state and federal reporting requirements.
In order to qualify, each employee of a business must complete a Job Certification Form. Because this is a HUD program, 51% of a business’s employees must be at 80% low-moderate income or lower. E.g.) 80% LMI for a family of 4 is $53,450.
Applications are due by noon on Thursday, July 23rd, 2020. The Grant Review Team will then review all applications and determine a formula to fulfill as many requests as possible.
Once notified of awards, businesses will then be required to provide proof of how the funds are spent. Examples include but are not limited to a copy of an invoice and related check to purchase inventory for restock or a copy of payroll from before and after a determined COVID-19 time period to show expenses and jobs retained.
We acknowledge the complexities of this program but remind businesses this is a grant and not a loan.
Grant applications are available online at: CDBG-CV Business Application
Grant application budget worksheets available online at: CDBG-CV Budget Form
The application must be submitted by July 23rd at noon to:
Solomon Valley Economic Development
209 East Main Street, #104
Beloit, KS 67420
Questions please contact:
Heather Hartman at email@example.com 785.738.3000
Keegan Bailey, NCRPC at firstname.lastname@example.org 785.738.2218