New Small Business SOCARES Grant 2021 – DEADLINE EXTENDED
SO CARES COVID19 Small Business Grants
JACKSON COUNTY: Applications will be accepted for Jackson County businesses between 12 pm PST on Friday, May 14 – 11:59 pm PST on Thursday, May 20. (extended from 5/17 to 5/20) These funds are designated to businesses who were impacted by the April 30th COVID19 risk rating change to “Extreme”. Businesses that are eligible must be able to: Demonstrate financial decline/burden due to the April 30, 2021 County return to “Extreme Risk” level (Examples: reduced capacity or business closures at restaurants and bars, gyms, indoor and outdoor entertainment) Certify through the date of application that they were financially impacted by the return to “Extreme Risk” level on April 30, 2021 Full details may be found in the attached press release or on our website: www.soredi.org/socares2021 This grant is not first-come, first-served. Awards are based on demonstrated need. Take the time to gather all the documents and complete your application in its entirety to improve your likelihood of approval. Incomplete applications and applications submitted outside of the application window will not be considered. Tips for a successful application Take the time to gather all necessary documents and upload them to your computer before starting the application. Upload a file in EVERY box. Make sure your W9 is signed! Test open the file once it’s on your computer and triple check the signature is there. After you submit your application, you will get an email confirmation. Check all fields to make sure they are accurate. If something is wrong or missing, you will need to complete a new application. If you run into technical problems or need help, schedule an appointment with a staff member.
Apply at https://soredi.org/socares2021/
Medford, Oregon – Over $1.4 million in grant funds are now available for eligible businesses impacted by the April 30th move to “Extreme Risk” related to COVID19 in Jackson County. Applications for this new “SOCARES 2021” fund may be accessed through Southern Oregon Regional Economic Development, Inc. (SOREDI), which has contracted as grant administrator.
The purpose of the program is to provide financial assistance to small businesses adversely affected by the April 30th county shift from “High” to “Extreme” Risk.
JACKSON COUNTY: Applications will be accepted for Jackson County businesses between 12 pm PST on Friday, May 14 – 11:59 pm PST on Thursday, May 20. (extended from 5/17 to 5/20)
Applications will be reviewed after the window closes and funded based on demonstrated need, until funding is exhausted. Applicants will be notified of their award status no later than June 19th.
ONLY complete applications, with all required documentation, will be considered. Incomplete applications, including those with missing signatures or required uploads, will not be considered for funding.
These funds are intended to be equally accessible to all businesses including the historically disadvantaged population groups (Asian, Black, Hispanic, Native American, and Women-owned businesses).
Eligible Businesses meet all of the below:
- -Can demonstrate financial decline/burden due to the April 30, 2021 County return to “Extreme Risk” level (Examples: reduced capacity or business closures at restaurants and bars, gyms, indoor and outdoor entertainment)
- -Can certify through the date of application that they were financially impacted by the return to “Extreme Risk” level on April 30, 2021
- -Have <= 100 employees
- -Have annual gross revenues >= $5,000 in 2019
- -Were in operation in 2019 and 2020
- -Are currently open or plan to reopen
- -Have less revenue for 2020 including all COVID-19 related assistance (such as grants, PPP, EIDL) than they did for 2019, and can certify that the decline in revenue was due to COVID-19
- -Are housed and actively doing business in Jackson County
- -Are actively registered with the Oregon Secretary of State (if required to do so)
- -Are current on all Federal and State taxes
Ineligible Businesses meet any of the below:
- -Real estate related (example: holding companies, realtors, vacation rentals)
- -Nonprofits that do not have a 501(c)(3) status
- -Any businesses that do not comply with all federal, state, and local laws and regulations
- -Businesses that are delinquent on federal, state, or local taxes that were due on for before the date of the application
- -Any business that has closed and does not intend to reopen
- -Businesses that experience a decline in revenues for reasons other than those caused by the COVID-19 pandemic (e.g. seasonal or cyclical business cycles)
- -Any business whose 2020 revenues plus all COVID-19 grant funding exceeds its 2019 revenues