Nassau County Main Street Recovery Grant Program
Opens Mar 31 2023 12:00 AM (EDT)
Deadline Jul 7 2023 11:59 PM (EDT)
$10,000.00
Description

PROGRAM UPDATE AS OF JULY 7, 2023: Future applications are on hold until further notice.


ASSISTANCE AVAILABLE: 

The Nassau County Main Street Recovery Grant Program awards grants of $10,000 to small businesses and non-profits that experienced financial hardship due to COVID-19. Financial assistance is available to those in need on a first come, first served basis. Per Internal Revenue Service guidance, these grants are taxable. 

ELIGIBILITY CRITERIA

To qualify for Recovery Grant Program, an applicant must:

  1. Be the principal i.e., majority owner of the applicant entity. 
  2. Be a small business owner or nonprofit executive currently operating within Nassau County. Businesses that have ceased operations are ineligible.
  3. Be an eligible for-profit business or 501(c)(3) or 501(c)(19) nonprofit organization.
  4. Have less than 50 full-time equivalent (FTE) W-2 employees.
  5. Have had less than $5 million in 2021 and 2022 gross revenues. 
  6. Certify and demonstrate they experienced economic or financial hardship due to COVID-19. Examples include demonstrating reduction in revenues, increases in expenses, costs related to COVID compliance, staffing difficulties, etc.
  7. Not have received a grant from Nassau County within the past 3 years. Applicants that already received grant funds from Nassau County are not eligible to apply.
  8. Not be in default or arrears on past or current federal, state, or local financing or funding programs.
  9. Not be in current litigation with, or have any conflict of interest with, Nassau County or the third-party administrator (NDC).

REQUIRED DOCUMENTSThe following documents will be required to submit a complete application (incomplete applications may not be considered):

  • 2021 federal business tax return (all pages and schedules – if in operation in 2021)
  • 2022 federal business tax return (all pages and schedules – if in operation in 2022), or proof of extension along with complete 2022 profit and loss statement.
  • Employer withholding tax return (IRS 941 quarter ending 12/31/2022 if applicable)
  • Current business bank statement
  • Organizational documents (articles of incorporation, certificate of organization…)
  • Valid government-issued photo ID for every owner with 20% or more interest in the business

ELIGIBLE USE OF PROCEEDS: Eligible uses of grant proceeds include working capital to mitigate the economic and financial hardships caused by COVID-19 such as the purchase of inventory/supplies, rent, utilities, lease or purchase of equipment, operating and emergency maintenance, etc.

HOW TO APPLYApplicants can make full application at ndc.smapply.io. Incomplete applications may not be reviewed. Only one (1) application per Tax ID.

FUNDING IS LIMITED

Applicants needing assistance can email NCMSRecovery@ndconline.org and someone will contact you as soon as possible.

Nassau County Main Street Recovery Grant Program


PROGRAM UPDATE AS OF JULY 7, 2023: Future applications are on hold until further notice.


ASSISTANCE AVAILABLE: 

The Nassau County Main Street Recovery Grant Program awards grants of $10,000 to small businesses and non-profits that experienced financial hardship due to COVID-19. Financial assistance is available to those in need on a first come, first served basis. Per Internal Revenue Service guidance, these grants are taxable. 

ELIGIBILITY CRITERIA

To qualify for Recovery Grant Program, an applicant must:

  1. Be the principal i.e., majority owner of the applicant entity. 
  2. Be a small business owner or nonprofit executive currently operating within Nassau County. Businesses that have ceased operations are ineligible.
  3. Be an eligible for-profit business or 501(c)(3) or 501(c)(19) nonprofit organization.
  4. Have less than 50 full-time equivalent (FTE) W-2 employees.
  5. Have had less than $5 million in 2021 and 2022 gross revenues. 
  6. Certify and demonstrate they experienced economic or financial hardship due to COVID-19. Examples include demonstrating reduction in revenues, increases in expenses, costs related to COVID compliance, staffing difficulties, etc.
  7. Not have received a grant from Nassau County within the past 3 years. Applicants that already received grant funds from Nassau County are not eligible to apply.
  8. Not be in default or arrears on past or current federal, state, or local financing or funding programs.
  9. Not be in current litigation with, or have any conflict of interest with, Nassau County or the third-party administrator (NDC).

REQUIRED DOCUMENTSThe following documents will be required to submit a complete application (incomplete applications may not be considered):

  • 2021 federal business tax return (all pages and schedules – if in operation in 2021)
  • 2022 federal business tax return (all pages and schedules – if in operation in 2022), or proof of extension along with complete 2022 profit and loss statement.
  • Employer withholding tax return (IRS 941 quarter ending 12/31/2022 if applicable)
  • Current business bank statement
  • Organizational documents (articles of incorporation, certificate of organization…)
  • Valid government-issued photo ID for every owner with 20% or more interest in the business

ELIGIBLE USE OF PROCEEDS: Eligible uses of grant proceeds include working capital to mitigate the economic and financial hardships caused by COVID-19 such as the purchase of inventory/supplies, rent, utilities, lease or purchase of equipment, operating and emergency maintenance, etc.

HOW TO APPLYApplicants can make full application at ndc.smapply.io. Incomplete applications may not be reviewed. Only one (1) application per Tax ID.

FUNDING IS LIMITED

Applicants needing assistance can email NCMSRecovery@ndconline.org and someone will contact you as soon as possible.

Value

$10,000.00

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Opens
Mar 31 2023 12:00 AM (EDT)
Deadline
Jul 7 2023 11:59 PM (EDT)