Cobb County has extended its Small Business Relief Grant application period.
The application window will reopen on Monday July 27, 2020, with a new deadline of 5 p.m., Friday, Aug. 21.
New terms have been added to round two of the application process (lists taken from Bob Ott’s weekly newsletter email):
- Businesses that have received financial assistance from the Payroll Protection Program or Small Business Administration are now eligible for a grant.
- Businesses can include both W-2 and 1099 employees toward their total number of employees.
The other requirements in place from round one are:
• Business must be an existing for-profit corporation, partnership, or sole proprietorship;
• Business headquarters or primary location must be within Cobb County;
• Business must have 100 or fewer full-time, W-2 employees and/or individual 1099 contractors that function like employees, i.e., employees or contractors working at least 30 hours per week or 130 hours per month;
• Business must have been in continuous operation for a minimum of 1 year prior to March 13, 2020;
• Business must have a current business license issued by Cobb County Government, City of Acworth, City of Austell, City of Kennesaw, City of Marietta, City of Powder Springs, or City of Smyrna;
• Business must be current on all local taxes;
• Business may be home-based or located in an owned or leased commercial space;
• Business must certify if they have received PPP/SBA funds and the amount in which they received as of time of application submittal; and
• Business cannot be a publicly traded company.
• Ineligible Businesses Include: Gambling Institutions, Multi-Level Marketing Organizations, Real Estate Investment Firms (REITS), Adult Entertainment
To read more about the requirements, and to apply, visit the SelectCobb website at www.selectcobb.com/grants.
About the Small Business Relief Grants
According to the SelectCobb website:
The Small Business Relief Grant has been established to assist businesses of up to 100 employees with various operational and overhead expenses. The program will be funded by way of a portion of the County’s disbursement of funding via the Coronavirus Aid, Relief and Economic Security (CARES) Act.
These funds are intended to be used by communities to deal with the impacts of COVID-19. The Cobb County Board of Commissioners has allocated $50 million to be disbursed by SelectCobb to small businesses impacted by the pandemic.
The information below will assist companies in learning about the grant tiers, eligible uses of funds, eligibility criteria, the application process, the required memorandum of understanding, and details on how grant monies will be disbursed.