CDBG COVID-19 Small Business Assistance Grant
CDBG COVID-19 Small Business Assistance Grant – Illinois: The City of Danville is offering up to $139,820 in funding through its Community Development Block Grant (CDBG) program, funded by the US Department of Housing and Urban Development (HUD), to support small businesses within the city in addressing the challenges posed by the COVID-19 pandemic. The grant aims to supplement existing federal or state programs and provide targeted assistance to help Danville businesses effectively navigate the impact of the pandemic.
Award Range
Not specified - $10,000
Total Program Funding
Not specified
Number of Awards
Not specified
Matching Requirement
No
Eligible Applicants
Additional Requirements
Must have a commercial business location within the City of Danville (home-based businesses are ineligible). Must be a for-profit business. Must have $1 million or less in annual gross revenue. Must have 50 or fewer W-2 employees (including the business owner(s)). Be owned by a person whose annual income is at or below the HUD low to moderate income guidelines for Vermilion County; OR, the business must maintain at least one low to moderate income job / position for at least six months. Must have been established and in operation in the City of Danville on or before January 1, 2020. Must be currently in compliance with all state or local regulations or requirements. Must not be deemed an ineligible business. Businesses which received a grant from the City of Danville’s COVID-19 CDBG-CV Small Business Assistance Grant Program Round 1 program are ineligible for Round 2. Only one application will be accepted per business owner (i.e. persons owning more than one Danville business may only submit an application on behalf of one business). For more information, visit Small Business Assistance Grant.
Geographic Eligibility
City of Danville
Application Opens
Not specified
Application Closes
Not specified
Grantor
City of Danville
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