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.