The City of Hopewell, in partnership with the Hopewell Economic Development Authority is launching the “City of Hopewell COVID-19 Small Business Recovery Program” to support Hopewell small businesses who have been affected by COVID-19.
Grant funds are limited. Once the allocated funds are distributed, there is no guarantee of additional funding from City Council for this program. The maximum grant amount is $3,000, to provide immediate relief to small businesses who have lost income due to COVID-19 and to prepare for reopening under the CDC and State of Virginia guidelines.
During the application process, applicants will have to demonstrate that they were operational as of January 1, 2020, that they are an eligible City of Hopewell business, and that they are suffering negative impacts from COVID-19.
The application process starts on Tuesday, July 20th and ends Friday, October 2nd at 5pm. 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 October 2nd at 5pm, there is no guarantee of additional funding for the program.
Grant Eligibility (All businesses must meet these criteria to be eligible for a grant):
Businesses must possess a valid City of Hopewell business license.
All Hopewell small businesses with 25 employees or less (national chain and/ornationally franchised locations are not eligible).
Businesses must have been established and operational in Hopewell on or beforeJanuary 1, 2020.
Business must be in good standing with city taxes and city sewer and refugepayments, or on an active payment plan.
Must be a for-profit business
Not a publicly traded company
Business must have a physical presence within the City of Hopewell
Grants will be awarded to the majority business owner only.
Grants will be awarded based on timely, complete applications. Applications will be
numbered and tracked as they come in.
Total grant funds available for each award will not exceed $3,000.
Grant amounts vary by size of business, based on number of employees (documented
by payroll statements and federal employment records):
Businesses with 1-5 employees: up to $1,500
Businesses with 6-25 employees: up to $3,000
Funds must be used for operational capital to assist the business in sustaining
operations such as payroll, utilities, inventory, rent, and business mortgage.
Grant recipients will be determined eligible by the City Manager’s Office. Grants will
be issued by the Economic Development Authority (EDA).
Grant funds will be made payable to the business name as listed on IRS Form W-9.
All applications and materials submitted will be public records and subject to the
Freedom of Information Act (FOIA). Documents identified as propriety (i.e. tax
returns, social security numbers, financial documents, etc) are exempt under FOIA.
Application for the grant constitutes an unconditional agreement to and acceptance
of the Terms and Conditions. The Applicant is responsible for ensuring his or her
familiarity with the Terms and Conditions.
By submitting an application, the Applicant certifies that it is not under any
agreement or restriction that prohibits or restricts its ability to disclose or submit the
materials included in the application or otherwise to apply for a grant.
Applicants acknowledge and agree that the Applicant’s business name can used by
the City or the EDA in the promotion of the grant program and may be displayed
publicly showcasing selected businesses.
• Use the online application below to submit completed application. You may upload required documents.
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• Email grant applications to Stacey English, at email@example.com AND Debbie Pershing, at firstname.lastname@example.org.
• Grant applications can also be dropped off at City Hall. Please call (804) 541-2243 and ask for Stacey English or Debbie Pershing to arrange drop-off. To access a printable version of the form, click here. Open in Adobe Acrobat to use the fillable feature.
Application Checklist (Please include the following documentation):
Copy of the payroll statement nearest March 17, 2020.
Copy of most recent payroll statement.
Copy of Hopewell Business License.
Copy of the business’s IRS Form W-9.