The Ogden City CARES Business Grant Program (the “Ogden CARES Program”) is offered pursuant to funding received by Ogden City (the “City”), through the federal Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). Funding will be made available to a limited number of small businesses, as defined by the SBA size standards.
Who may apply:
- For-profit businesses and non-profit organizations located within the boundaries of Ogden City ("Applicants")
Grant Fund Use:
- Grants will cover the Applicant's shortfall of funding (e.g., business revenue, and other federal, or state financial assistance) to cover necessary expenses. The shortfall must be due to COVID-19, and have occurred from March 1, 2020 until the grant application date ("Impact Period"). Grant funds cannot be used for future or projected shortfalls.
- Necessary expenses include, but are not limited to items such as rent, mortgage payments, utilities, equipment lease payments, Cost of Goods Sold ("COGS"), and payroll.
Maximum Grant Amounts:
- Up to $200,000 for locally owned companies or companies with distinct profit-and-loss accountability at the local level.
- Up to $100,000 for any company, regardless of ownership, with employees located in Ogden. Companies do not have localized profit-and-loss accountability and accounting rolls up to a parent corporation.
- Up to $50,000 for sole proprietorships located in Ogden with no employees other than the owner(s).
Just for Central Business District ("CBD") retail businesses:
- Up to $50,000 more if the Applicant is a retail, accommodation or food services (NAICS 44,45, or 72) business located in Ogden’s CBD, including sole proprietorships with no employees other than the owner(s), and needs the Grant to make physical modifications to accommodate physical distancing requirements and to cover the cost of such modifications.
Evaluation Criteria: Due to the anticipated number of submissions and limited funding, applications will be ranked based on pre-determined priorities, including the following:
- Impact
- Is the business in a key industry?
- Key industries include advanced materials & manufacturing, aerospace & defense, IT/software, life sciences, and outdoor products.
- What is the business’ number of employees, annual payroll, and/or average wages?
- Is the business in a key industry?
- Need
- Has the business experienced closure or made a modification(s) required due to COVID-19?
- Does the business have access to other federal, state and/or local COVID-19 financial assistance?
- What was COVID-19’s impact on the business’ revenue and number of employees?
- Viability
- How much equity, liquidity, profitability, and/or debt does the business have?
- Has the business reopened, or does it have a plan to reopen?
Ogden City is now accepting applications. Please continue to apply. Grant applications are accepted on a rolling basis until funds are exhausted. Complete applications (including all required documentation) are reviewed in batches by our Grants & Loans Committee (GLC") based on the submission date.
If selected:
Selected applicants must be able to provide additional information and documents upon request.