I’m very excited to announce that the Board of Supervisors has allocated $350,000 to use for the Funds for Recovery and Operations Management (F.R.O.M.): Fluvanna Small Business Grants! The Board of Supervisors allocated 15% of the County’s CARES Act funding to support businesses #fromFluvanna during the health crisis!
Now, you may be wondering “Can I apply for this grant?” Well, if you are a for-profit businesses or private/nonprofit school based in Fluvanna, operational as of March 27, 2020, and current on your local taxes then yes, you can! To apply you will need: a Form 941, 2019 tax return, bank statements (March-June 2020 and March-June 2019), and list of expenses you will use the grant for. Sign up HERE for notifications when the application goes live.
Based on the number of employees you have will determine the amount of the grant that you will receive. The breakdown is listed below and, as always, you can find more information on our website.
Farmers (0 FTE employees): up to $2,500
1 FTE: up to $5,000
2-20 FTE: up to $10,000
21-50 FTE: up to $15,000
51+ FTE: up to $20,000
Are you wondering, “What can I use this money for?”. Great news! It can be used for many things, as long as they are COVID-19 related expenses. Examples include: PPE, redesign of structure of operations, payroll, rent/mortgage payments, debt incurred because of COVID-19 disruption, teleworking, and loss of revenue based on Forward Virginia guidelines. Some items it cannot be used for are becoming current on local taxes and any expenses before March 1, 2020.
Lastly, in case we utilize all of the funding there will be a priority system to make sure we help the businesses most impacted. Below the priority system is listed. An important note is that PPP or UI funding is not an eliminating factor, but will be used as a tiebreaker in priority. However, you can still apply if you have received those funds, they just cannot be used for the same expenses.
Closed during Phase III
Closed during Phase II
Closed during Phase I
Partially open during Phase III
Partially open during Phase II
Partially open during Phase I
Open but suffered financial loss
Sign up for the application, visit our website, and view this webinar to learn more!