INTRODUCTION

In response to the coronavirus (COVID-19) pandemic, small businesses and non-profit organizations in the City of Colfax can apply for a grant funded through the City of Colfax. This fund is available to provide economic relief to businesses and organizations that are currently experiencing a temporary loss of revenue due to the COVID-19. The City of Colfax Grant funds can be used to cover a wide array of working capital and normal operating expenses, such as payroll, continuation of health care benefits, rent, utilities, and fixed debt payments.

 

BUSINESS ELIGIBILITY REQUIREMENTS:

  • Current and valid City of Colfax business license
  • Physical location within City of Colfax limits and primary business conducted in the City
  • In business on or before March 1, 2020
  • 50 or fewer full-time equivalent (FTE) employees as ofMarch 1, 2020, excluding independent contractors
  • Experienced economic injury or hardship due to California’s COVID-19 regional stay-at-home order or Blueprint for a Safer Economy
  • Annual Gross Revenue for 2019 must have been between $15,000 and $2,000,000 (greater than or equal to $15,000 and less than or equal to $2,000,000)
    • Annual Gross Revenue is also known as Gross Receipts or Sales. This is your total revenue before expenses. This is notyour income or net profit.
    • If you are a sole proprietor, your Annual Gross Revenue for 2019 should be listed on line 1 of the Schedule C you normally file to report your business income for federal tax purposes.
    • If your business was established on or after January 1, 2020 and before March 1, 2020, your projected Gross Revenue for 2020 must be within the designated range.
  • For-profit business that is operating legally
  • Viable and intending to continue operations following the COVID-19 pandemic.
  • The expenditures for which you are applying for grant assistance must be eligible as defined by S. Treasury guidelinesand may not have been submitted for any other grant or loan program, including Placer Shares, Colfax CARES, Economic Injury Disaster Loans (EIDL), or Paycheck Protection Program (PPP). If funds from another grant or loan program do not cover all of a qualified expenditure, then you are eligible to receive additional funds for that expenditure.
  • Not on the list of ineligible business types.
  • Businesses that were awarded a City of Colfax Small Business Grant for the application period that closed January 8, 2021 are NOT eligible for this round of funding.

 

NON-PROFIT ELIGIBILITY REQUIREMENTS:

  • Primary operations conducted within the City of Colfax limits
  • Operating on or before March 1, 2020
  • Experienced economic injury or hardship due to California’s COVID-19 regional stay-at-home order or Blueprint for a Safer Economy OR serving populations that have experienced economic injury or hardship due to California’s COVID-19 regional stay-at-home order or Blueprint for a Safer Economy
  • Not-for-profit organization that operates legally
  • Viable and intending to continue operations following the COVID-19 pandemic.
  • The expenditures for which you are applying for grant assistance must be eligible as defined by S. Treasury guidelinesand may not have been submitted for any other grant or loan program, including Placer Shares, Colfax CARES, Economic Injury Disaster Loans (EIDL), or Paycheck Protection Program (PPP). If funds from another grant or loan program do not cover all of a qualified expenditure, then you are eligible to receive additional funds for that expenditure.

Application Instructions

  • This grant is NOT first-come, first-served, so please take your time.
  • Grant funding will be awarded first to BUSINESSES that have experienced economic injury or hardship due to California’s COVID-19 regional stay-at-home order or Blueprint for a Safer Economy. Non-profit organizations will be considered for funding after all eligible businesses have been awarded.
  • No applications will be accepted after the deadline of 6:00 PM PT on Friday, February 19, 2021. There will be no exceptions.
  • No changes will be allowed after you submit your application. Do not submit the application until you are certain that it is accurate and complete.
  • All grants are subject to review, verification of eligibility, and approval.
  • Due to limited funds, it is possible that not all applications submitted will receive funding.
  • Duplicate applicants will be deleted.
  • Business owners with multiple businesses are only eligible to receive one grant.

If you need help with your application:

  • Open the FAQs [link to FAQ page]to reference while you complete your application.
  • Call Sierra Business Council, the program administrator, at 530-582-5022, or email [email protected].