Small Business Disaster Assistance Program (SBDAP)
The newly created Small Business Disaster Assistance Program will serve businesses not eligible under the Economic Investment Program (EIP) or Small Business Investment Program (SBIP). The budgeted amount for this program is $100,000, which provides a one-time amount of up to $2,500 for operational expenses. Applications will be accepted on a first come, first qualified basis. The program will be suspended after the first 40 applications are received or program funds are exhausted; whichever comes first.
The program will be managed by the City’s Economic Development office, and businesses will be required to provide proof of eligible costs. The grant funds may not be used for any payroll purposes, including, but not limited to, salaries, bonuses, retirement contributions or payments, severance pay, etc., and must be used for operational or other expenses not covered by other Federal, State or Local programs. The operational expenses may include the payment of mortgages or leases or utility payments.