City of Sparks Offering Small Business Assistance Fund Program
Sparks, NV – The City of Sparks is rolling out a nearly $900,000 Small Business Assistance Fund Program utilizing CARES Act funding to help businesses affected by the COVID-19 pandemic.
Beginning Monday, October 19 at 12:01 am, small businesses in Sparks can apply for up to $25,000 of CARES Act grant funding.
“Our small businesses are truly the heart of Sparks,” said Mayor Ed Lawson. “During my 30-year career, I have worked with many of the small businesses in this region. My heart goes out to the many business that have suffered so deeply during this pandemic. I’m excited and proud that the city of Sparks can offer them the opportunity to apply for this important grant funding.”
Applications must be submitted via ZoomGrants during the two-week timeframe from October 19, 2020 to November 2, 2020 by clicking on this link: https://www.zoomgrants.com/zgf/Sparks_Small_Business_Assistance_Grant_Program.
The grant amounts vary depending on how many people are employed by the business. Businesses with less than five employees can apply for $10,000; those with five to 19 employees, $20,000; and those with 20 to 50 employees, $25,000. Businesses with up to 50 employees can receive up to $5,000 in additional funds for PPE based on eligible receipts for items already purchased and not previously reimbursed.
Businesses must meet the following criteria and guidelines:
- Must have active State of Nevada and City of Sparks business licenses.
- Must be physically located within the corporate boundary of the City of Sparks.
- Must have been legally established and operating as of January 1, 2020 and can demonstrate that the business had generated substantive revenue prior to March 15, 2020.
- Must provide summary of business operations prior to COVID-19 and what has happened to date.
- Must submit a plan of how the funds will be utilized.
- Business that received SBA funding (Economic Injury Disaster Loans & Payroll Protection Program) can apply.
Eligible uses of grant funds include personal protective equipment, protective business facility retrofits and working capital including utilities, inventory and payroll that is not covered by the Payroll Protection Program. Businesses that receive the grant funding do not need to pay the money back.
Additional information required to apply for a grant is specified on ZoomGrants page. Businesses may apply beginning Monday, October 19, 2020 at 12:01 am.
For more information on the Small Business Assistance Fund Program, go to www.cityofsparks.us/businessassistance.