Hopewell Extends CARES Small Business Recovery GrantsCity of Hopewell Announces Expansion of COVID-19 Small Business Recovery Program
HOPEWELL, VA-The City of Hopewell is excited to announce the expansion of their 2020 COVID-19 Small Business Recovery Program. The City of Hopewell launched the original program on July 22, 2020 to support small businesses in Hopewell who have been affected by COVID-19. To date, approximately SO businesses have received funding through this program.
Some of the eligibility criteria and maximum grant amounts have changed in this second round of grant funding. The maximum grant amount is now $10,000, to provide immediate relief to small business who have been negatively affected by COVID-19. The grant funding is limited, and once the allocated funds are distributed there is no guarantee of additional funding for this program.
Grant amounts will be based on the business's size: businesses with 1-10 employees can receive up to $5,000, while businesses with 11-50 employees can receive up to $10,000. During the application process, applicants will have to demonstrate that they were. operational as of March 17, 2020; that they are an eligible City of Hopewell business; and that they are suffering negative impacts from COVID-19.
The application process has begun for this second round of grant funding, and it will end on Friday, December 4, 2020 at 5pm. Applications, eligibility, evaluation and submittal information can be found on the City of Hopewell's website at www.hopewellva.gov/small-business-recovery-program/.
These grants will be awarded based on timely, complete applications. Applications will be numbered and tracked as they come in. If funding for this program runs out before December 4th at 5pm, there is no guarantee of additional funding for the program. Applicants are encouraged to apply as soon as possible.
Please see the attached application or www.hopewellva.gov/small-business recovery-program / for grant eligibility, evaluation, submittal process and more information.