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Small Business Emergency Assistance Program <br />Economic Development Commission; 8-5-20 <br /> <br /> <br />Page 6 <br />DRAFT NEW BRIGHTON BUSINESS RELIEF PROGRAM GUIDELINES <br />Eligibility Requirements <br />Funds may be used for operating expenses, including rent payments, mortgage payments, utilities, payments to <br />suppliers, production of business contingency plans, technical assistance/reopening services, technology capital or <br />marketing assistance/tools, security or other critical non-payroll business expenses (including expenses related to <br />reopening) as approved by the fund administrator. <br /> Eligible Businesses <br />• Businesses ordered to close by Governor’s executive orders <br />• Businesses that can demonstrate revenue loss due to COVID-19 – including home-based businesses, self- <br />employed, and independent contractors <br />• Businesses needing assistance to fund operating costs, including retention of employees due to loss of <br />revenue <br />• Businesses needing assistance to purchase and/or be reimbursed for COVID-19 safety materials/supplies, <br />equipment, and professional service costs associated with the drafting of COVID-19 preparedness plans <br />• Businesses that do not have a physical location, but the owner/operator resides in the City of New Brighton <br /> Ineligible Businesses <br />• Businesses with annual gross revenues greater than $1 million <br />• Chain retail – unless a local franchisee can demonstrate no other COVID-19 business assistance funding was <br />received <br />• Essential businesses not ordered to close and who can’t demonstrate revenue loss <br />• Businesses that derive income from passive investments without operational ties to operational businesses <br />• Businesses that engage in sexually explicit goods/services <br />• Businesses that engage in gambling enterprises <br />• Businesses that engage in activities prohibited by law <br />• Businesses that earn revenue from pyramid schemes, lending services and/or day trading/short term <br />investments <br />Grant Conditions <br />• Minimum & Maximum Grant Amounts: $1,500 minimum to $10,000 maximum. <br />• Businesses with the greatest demonstrated need will receive priority for funding. <br />• The EDA reserves the right to award or deny grants, or to award less than the maximum grant amount. <br />• Applicant must certify that grant funds will be used only for eligible expenditures, and that the applicant has not <br />received assistance from any other source to pay the expenditures submitted for grant assistance.