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Coronavirus State and Local Fiscal Recovery Funds – US

by opportunitydiary

Application Deadline: 04/30/2022


About Opportunity

The City of Auburn has announced Coronavirus State and Local Fiscal Recovery Funds.

The City of Auburn NY (the City) has directed $500,000 in Federal American Rescue Plan Act (ARPA) / Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) grant funding to be allocated specifically to businesses located in the City of Auburn whose operations and financial condition were adversely impacted by the COVID-19 public health emergency.

Eligibility Requirements

Small Businesses are eligible for assistance under the CSLFRF Program as either an “Impacted Small Business” or “Disproportionately Impacted Small Business”.

To be considered an Impacted Small Business it must be located within the City of Auburn that experienced a negative economic impact during the pandemic. Impacts may include:

  • Lost revenue or increased costs;
  • Challenges covering payroll, rent or mortgage;
  • Other operating costs;
  • The capacity of a small business to weather financial hardships; and
  • General financial insecurity resulting from the public health emergency

Assistance to Impacted Small Businesses includes the following eligible use of funds:

  • Loans or grants to mitigate financial hardship, such as by supporting payroll and benefits, costs to retain employees, and mortgage, rent, utility and other operating costs;

To be considered as a Disproportionately Impacted Small Business impacts may include:

  • Must be a small business operating in the City’s Qualified Census Tract #421 (This Census Tract is located on the City’s near west side and is bound by South Street to the East and the City line to the West. South along Genesee Street and Northward to include the Wall Street and Aurelius Avenue neighborhoods.)

or

Classes of small business that experienced disproportionately negative economic impacts that are located in the City of Auburn in the following industries:

  • Arts, Entertainment and Recreation;
  • Accommodation and Food Services;
  • Educational Services;
  • Health care and Social Assistance; and
  • Retail Trade

Assistance to Disproportionately Impacted Small Businesses includes the following eligible use of funds:

  • Loans or grants to mitigate financial hardship, such as by supporting payroll and benefits, costs to retain employees, and mortgage, rent, utility and other operating costs;
  • Technical assistance;
  • Rehabilitation of commercial properties, storefront improvements & façade improvements;
  • Support for microbusinesses including financial, childcare and transportation costs

Application Procedure

  • A small business can apply up to $40,000. This is a grant program.

Eligible Businesses

Small Businesses seeking CSLFRF funding through this program must:

  • Have been in operation as of March 3, 2021
  • Be current with City of Auburn and local taxes
  • Have no more than 500 employees, or if applicable, the size standard in number of employees established by the Administrator of the Small Business
  • Administration for the industry in which the business concern or organization operates;
  • Be a small business as defined in Section 3 of the Small Business Act (15 USC 632) that includes among other requirements that the business is independently owned and operated and is not dominant in its field of operation;
  • Have a negative economic impact, or an economic harm (such as loss of earnings or revenue) that was experienced by the small business from the pandemic;
  • Use federal funds to address the identified economic impact or harm that resulted from the COVID-19 public health emergency; and
  • Enter into a funding agreement with the City of Auburn and/or a partner agency that will include, but is not limited to: generally accepted legal and financial principles, quarterly reporting, access to annual and program financial records, and audit/ monitoring requirements of projects or programs.

Official Website: Coronavirus State and Local Fiscal Recovery Funds – US

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