08.20.2020

Application Period Goes Live Monday for COVID-19 Small Business Recovery Grant Program

Application Period Goes Live Monday for COVID-19 Small Business Recovery Grant Program

To support small businesses struggling due to COVID-19, the City of Elk Grove has launched the COVID-19 Small Business Recovery Grant Program to provide critical business capital to Elk Grove-based companies. The program provides grants up to $25,000 to eligible businesses with 20 employees or less. The grants do not have to be repaid and can be used to reimburse for costs associated with COVID-19 and to support on-going business response and recovery operations.

The application period will open on Monday, August 24, 2020 at 9:00am and will close on Sunday, August 30, 2020 at 5:00pm.  Eligible businesses must fill out the on-line application during this time period. A random drawing of all eligible business will be conducted to select grant recipients. To be eligible, a business must meet the following requirements:

  • Be physically operating in Elk Grove,
  • Have revenues of less than $3 million,
  • Have less than 20 full time equivalent employees, and
  • Must have suffered revenue loss due to COVID-19 of at least 25%.

Due to the limited amount of funds available, not all eligible businesses will receive a grant. If selected, grant recipients will be required to provide documentation verifying their eligibility.

For more information visit www.elkgrovecity.org/covid19biz. The Capital Region Small Business Development Center (SBDC) is available to help applicants fill out the application and determine eligibility. Sign up directly for SBDC consulting services at CapitalRegionSBDC.com and click on "Apply Now" at the top of the page, or call them at (916) 319-4268. For other questions regarding the program, e-mail or call the Office of Economic Development at econdev@elkgrovecity.org or (916) 627-3338.

For the latest news and information for Elk Grove businesses affected by COVID-19, visit us at www.elkgrovecity.org/covid19biz and visit the City’s main COVID-19 web page at www.elkgrovecity.org/coronavirus.

 

About the City of Elk Grove

Elk Grove is a high-quality suburban community of approximately 176,000 people, located 14 miles south of the California State Capitol in the State’s affordable Central Valley. Elk Grove is a young, ethnically diverse, modern city that was incorporated in 2000. Elk Grove is a family- and business-friendly community, with low crime, excellent schools, over 100 community parks, excellent dining and shopping options, numerous annual events and festivals, and over 270 sunny days per year.  Median Household Income is $83,000, the median home value is $415,000, and 62% of adults over 25 are college educated. Major corporations like Apple, Amazon, AllData, and the State of California call Elk Grove home. Commercial rents and land costs are affordable, and the City has virtually no seismic risk.  Elk Grove is governed by a five-member City Council consisting of the Mayor and four Council members. Elk Grove operates its own Development Services, Public Works, Finance, and Police Departments, and is served by the Elk Grove Unified School District, and the Cosumnes Community Services District (fire and emergency medical services and parks and recreation).