From the Morris County Commissioners:
Morris County Unveils Small Enterprise Restoration Grant Program
Serving to Firms and Entrepreneurs Impacted by Pandemic
In recognition of “Small Enterprise Saturday,” the Morris County Board of County Commissioners introduced the event of the Morris County Small Enterprise Grant Program that can present federal fiscal restoration funding to native, small firms and entrepreneurs impacted by the pandemic.
The appliance course of has not but opened, however will probably be introduced later as program particulars are finalized and this system is formally launched.
This system is being designed to supply grants of as much as $15,000 to reimburse small companies and non-profit organizations for particular pandemic restoration bills incurred on or after March 3, 2021 – a timeline established underneath the federal American Rescue Plan Act (ARPA), which is the supply of the funding.
“Small companies aren’t solely important to our economic system however they’re a key a part of the distinctive id of each city. We stay up for launching a small enterprise grant program, as we guarantee we’re assembly federal regulatory necessities,” mentioned Commissioner John Krickus, who has been serving to to develop this system by way of the Commissioner’s COVID-19 Strategic Planning Advisory Committee.
The Small Enterprise Grant Program eligibility necessities embrace:
- Accessible to companies with 25 or fewer full time workers (or equal)
- In operation since Jan. 1, 2019
- Situated inside Morris County
- Lower than $5 million in gross sales/income
- Proof of a decline in gross sales/elevated bills as a result of COVID-19 pandemic
The Commissioners’ plan is to dedicate $5 million in ARPA funds to this system.
An internet course of is in growth for candidates to submit correct documentation wanted to find out eligibility of a enterprise and the bills that qualify for reimbursement. The Morris County Chamber of Commerce will probably be coordinating outreach to probably eligible companies, together with those that might not have historically sought authorities grant funding up to now.
“Small enterprise within the county have been hit significantly arduous by the pandemic and its lingering results,” mentioned Meghan Hunscher, president and CEO of the Morris County Chamber of Commerce & Financial Improvement Company.
“Not like bigger firms, they’d much less margin for absorbing the income losses and prices required for reopening. On the similar time, they’ve made each effort to maintain their workers working whereas fulfilling the wants of their prospects. We stay up for working intently with the county Commissioners to attach qualifying small companies all through the county with this grant program,” she added.
The Morris County Commissioners even have adopted a particular decision urging Morris County residents to watch “Small Enterprise Saturday” by purchasing domestically this Saturday, Nov. 27, 2021.
The Saturday after Thanksgiving has change into generally known as “Small Enterprise Saturday” since American Categorical launched it on Nov. 27, 2010, and it has since grown right into a nationwide marketing campaign to encourage vacation customers to patronize native companies.
Regardless of the pandemic impacts, U.S. shoppers reported spending a report excessive of $19.8 billion at impartial retailers and eating places on “Small Enterprise Saturday” 2020. The Morris County Commissioners are actively encouraging Morris County residents to assist repeat that success and even break that report.
The ultimate paragraph of the decision reads:
“Now, Due to this fact, Be It Resolved, that the Morris County Board of County Commissioners, New Jersey, in recognition of the essential function small companies play in our economic system and high quality of life in Morris County, hereby proclaims, Nov. 27, 2021 to be “Small Enterprise Saturday 2021” and urges communities throughout the nation to “Store Small®” all year long.”