MENU
UNKNOWN

Bend Business Resiliency Grants

Grants Available for Businesses Impacted by COVID-19

APPLY NOW

APLICA YA

Bend Business Resiliency Grants are part of an effort to support businesses in Bend. The purpose of these grants is to provide assistance to businesses that have suffered financial losses due to COVID-19 related business interruption or incurred additional expenses to adapt to new requirements, safety protocols, or new consumer-interaction realities directly related to COVID-19.

These funds are part of the City’s CARES Act Small Business and Community Support Grant Program, and are administered by BendNEXT, a 501c3 initiative of the Bend Chamber of Commerce.  There is approximately $940,000 available in this fund.  Applications are available online here. Aplicación traducida al español disponible AQUÍ

Eligible Businesses:

      • Small businesses and sole proprietors that have been impacted by the COVID-19 pandemic, with a current or anticipated revenue decline beginning after March 1, 2020 as a result of those impacts
      • The principal business must be located within the City of Bend
      • A small business is defined as one that employs 50 or fewer FTE (full time equivalent) employees

Qualifying Expenses:

Qualifying expenses for Bend Business Resiliency Grants must relate to either or both of the following:

1) Reimbursement of overhead expenses which the business has difficulty covering due to reduced revenue during the COVID-19 business interruption, such as:

      • Payroll and benefits
      • Rent
      • Mortgage payments
      • Utilities
      • Insurance

2) Expenses incurred directly responding to new requirements, safety protocols, or consumer interaction realities related to COVID-19, including, for example:

      • Purchase of personal protective equipment
      • Physical distancing barriers
      • Business layout reconfiguration to promote social distancing for employee or customer protection
      • Technical changes to move business online to promote safer customer interaction
      • Cost of consultants/professional advisors that assist business in making necessary changes to address requirements, safety protocols, or new consumer interaction or financial realities related to COVID-19 pandemic
      • Increased payroll expense due to expanded roles to ensure COVID-19 safe operation

Funds will be distributed on a reimbursement basis, upon receipt of qualifying expense documentation.

Qualifying expenses do not include any expenses for which the business has already received insurance or other funding assistance.

Ineligible Uses of Program Grant Funds:

Ineligible uses include but are not limited to:

      • Political campaign contributions or donations
      • Charitable contributions or gifts
      • Bonus payments to Recipient owners, officers or employees
      • Payment of wages to any member of the Recipient owner’s family who is not a bona fide employee
      • Draws or salary to Recipient owner that exceeds the amount paid over a corresponding interval, quarter, or year in 2019
      • Pay-down or payoff of debt by more than the monthly amount required by the underlying debt instrument
      • Payroll and other employee- or business-associated costs for which the Recipient has received or expects to receive reimbursement from other federal, state or regional funds (e.g. Payroll Protection Program or unemployment insurance)
      • Damages covered by insurance
      • Reimbursement to donors for donated items or services
      • Severance pay
      • Legal settlements
      • Any expense not considered an eligible business expense by the Department of the Treasury Internal Revenue Service

Award Amounts:

Grant awards are available as follows:

      • Up to $7,000 per sole proprietor
      • Up to $25,000 per applicant with less than 15 FTE
      • Up to $40,000 per applicant with from 15 to 50 FTE

Process and Timing:

The application period will remain open from September 4, 2020 to 11:59 pm Pacific Time, September 25, 2020.

Applications will be evaluated from September 25, 2020 to October 9, 2020, with notification of awards occurring the week of October 12, 2020.

Recipients will be required to submit a W9 form and sign a disbursement agreement prior to receiving any funds.

Funds will be distributed on a reimbursement basis, upon receipt of expense documentation.

BendNEXT is required to disburse all funds to grant recipients by November 30, 2020.

Recipients are required to use all funds received by December 30, 2020.

A second application period will be announced if funds are still available after the first grantmaking period, or if additional funds are received for distribution.

This fund is administered by BendNEXT, a 501(c)3 organization affiliated with the Bend Chamber of Commerce.

The Bend Chamber is actively supported by these Signature Investors

 

: : : : : Website Navigation : : : : :