Small Business Retention Relief Grant
Dickinson County Economic Development Corporation (DKEDC) seeks funding to create a grant fund that for-profit businesses within Dickinson County can apply to for short-term working capital funding. DKEDC will seek to raise funds in cooperation with the Abilene Area Chamber of Commerce and the Tri-County Chamber of Commerce.
One of Dickinson County Economic Development Corporation’s (DKEDC) “Driving Dickinson County” initiatives is to retain our county businesses. Thus, DKEDC is establishing a short-term working capital grant fund to assist businesses dealing with Covid-19 working capital issues for up to 30 days to allow them to apply for and receive additional financial assistance from other sources.
- An application for funding does not guarantee award of funding.
- The total amount awarded will be based on funds available.
- All businesses receiving funding must complete a W-9 form prior to receipt of funds.
- Applicant is responsible for determining tax implications associated with any receipt of funds.
- All awardees will be asked to consider “Paying it Forward.”
- Be a for profit business located in Dickinson County, Kansas.
- Have experienced a financial hardship because of Covid-19.
- Have employed less than 50 employees as of March 1, 2020.
- Be in good standing with federal, state, and local government jurisdictions.
- Have applied for additional financial assistance from other sources but not yet received funding.
Applications will re-open in the fall of 2020
- There are approximately 1,450 businesses in Dickinson County with <50 employees.
Businesses Invited to Apply for CDBG-CV Grants
The City of Abilene is now accepting grant applications for its Community Development Block Grant program. The City received $132,000 to help 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 a sub-recipient, the City of Abilene 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 $51,900.
Applications are due Friday, July 10. The Grant Review Team will then review all applications and determine a formula to fulfill as many requests as possible. The City will grant 100% of the funds and no funds will be retained for administration. Grant awards of more than $5,000 are not anticipated; however, actual funding amounts are dependent on the number of applications and requests received.
Once notified of awards, businesses will then be required to provide proof of how the funds are spent. E.g.) copy of an invoice and check to purchase inventory to restock or copy of payroll from before and after a determined COVID19 time period to show expenses and jobs retained.
The City of Abilene acknowledges the complexities of this program but reminds businesses this is a grant and not a loan.
Grant applications are available online at AbileneCityHall.com/CDBG-CV
Please contact Julie Roller Weeks, Abilene Convention & Visitors Bureau director, at (785) 263-2231 or firstname.lastname@example.org with questions.
Send completed application to City of Abilene, attn: CDBG-CV, 419 N. Broadway or PO Box 519, Abilene, KS 67410.Learn More