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<br /> <br /> <br /> Round 2 Small Business Relief Fund Guidelines ($7 Million) <br />August 4, 2020 <br />Funds can be used for operating expenses, including rent payments, mortgage payments, utilities, <br />payments to suppliers, production of business contingency plans, technical assistance/reopening <br />services, technology capital or marketing assistance/tools, security or other critical non-payroll <br />business expenses (including expenses related to reopening) as approved by the fund administrator. <br />• A minimum $1.5 million of the total grant amount is set aside for qualifying individuals <br />contributing to the local creative economy. <br /> <br />Eligible Businesses <br />Self-employed/sole proprietor <br />(up to $7,500 in qualified expenses) <br />• Must be a locally owned and operated <br />for-profit business with a physical <br />establishment in Ramsey County or <br />resident of Ramsey County <br />• Shared commercial spaces and <br />homebased businesses <br />• Home-based businesses must document <br />that the business is a primary source of <br />income <br />• Must have been operating for at least 6 <br />months prior to March 1, 2020 <br />• Must be licensed and in good standing, <br />if applicable <br />• Must demonstrate a significant <br />loss in revenue since March 15 (no <br />credit score or collateral <br />requirements apply) <br /> <br />Between 1 and 20 employees <br />(up to $10,000 in qualified expenses) <br />• Must be a locally owned and operated <br />for-profit business with a physical <br />establishment in Ramsey County <br />• Must have at least one employee in <br />addition to the owner as of March 1, <br />2020 and not more than 20 employees <br />• Must have been operating for at least 6 <br />months prior to March 1, 2020 <br />• Must be licensed, in good standing, <br />current on property taxes prior to May <br />15, 2020, if applicable <br />• Must demonstrate a significant <br />loss in revenue since March 15 (no <br />credit score or collateral <br />requirements apply) <br /> <br /> <br /> <br />Certain businesses are ineligible, including: <br />• Individuals or businesses that have received funding from the Department of Employment and <br />Economic Development through the Small Business Relief Grant. <br />• Non-profit organizations <br />• Corporate chains, multi-state chains <br />• Businesses in default conditions prior to February 29, 2020 <br />• Businesses that primarily derive income from gambling