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Boise announces small business grant program, application period opens September 16

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Boise announces small business grant program, application period opens September 16
Posted at 3:04 PM, Sep 15, 2020
and last updated 2020-09-16 10:40:16-04

BOISE, Idaho — The City of Boise announced a new program to help local business owners financially impacted by COVID-19.

The Municipal Small Business grant program launches September 16 and there is $1.5 million from Governor Little's Coronavirus Financial Advisory Committee to award to eligible businesses and organizations. Grants will be given out on a first-come, first-serve basis. The committee granted the City of Boise the authority to create the program from previously allocated funds.

Eligibility criteria includes:

  • 100 employees or less
  • Grant funds must cover expenses that:
    • Are necessary expenditures due to the COVID-19 public health emergency
    • Were not accounted for in the businesses’ operating budget approved as of March 17, 2020 (the date of enactment of the CARES Act)
    • Were incurred beginning June 20, 2020, and end on December 30, 2020
    • Were not previously reimbursed by other federal, state, Paycheck Protection Program (PPP) loans or insurance programs
  • Eligible businesses/organizations may be awarded up to a maximum of $15,000 in grant funds. Previous funds received from federal, state, Paycheck Protection Program loans, or insurance programs will be deducted from the total of $15,000.

For more information on the program and a link to the application, click here.