Amherst County Business COVID-19 Grant Comparisons
Amherst County has two grants for local businesses – the CARES Act Small Business Grant and the Back in Business CDBG Grant – and both use federal funds that have specific guidelines. Many guidelines are the same, but there are some differences. Please carefully read through each set of grant guidelines to see if your business may qualify for one or both of the grants. The grants are specifically designed to provide financial help for our hurting local businesses because we recognize how important your business is to Amherst County. NOTE: Businesses cannot use funding from any other local, state, or federal assistance program for the same expenses for the same time period that they are requesting reimbursement or rent/mortgage relief under these Amherst County grants.
CARES Act Small Business Grants
Amherst County is using some of its Coronavirus Aid, Relief and Economic Security (CARES) Act federal funding to create a small business relief fund that aims to get direct funding to those businesses most impacted by COVID-19. The Board of Supervisors designated $300,000 in CARES Act funding for the grant program, which will be administered with the help of the Economic Development Authority of Amherst County (EDA). Locally-owned, for-profit businesses in the County, can begin applying July 13 awarded on a first-come basis with a complete application. A COVID-19 Grants Advisory Committee will review applications and make award recommendations as long as funds remain available. The first round of awards will end on Oct. 31, 2020. If there are funds remaining, the grant program may re-open for applications.
- Up to $10,000 for Amherst owned and operated business with up to 20 employees.
- Up to $5,000 for Amherst business not locally owned.
- Up to $25,000 for Amherst business with 21-100 employees (franchise/chains are not eligible).
Criteria for Eligibility:
- Has been in operation since March 1, 2019 (Due to the prolonged impact of the pandemic there is some flexibility regarding the business start date. Please contact the EDA to discuss).
- Business has a physical location in Amherst County.
- Business must be current on taxes and have a current Amherst Town/County business license (if required).
- Locally owned is defined as having one owner residing in Amherst County.
- Business interruption caused by COVID-19 and/or required closure ordered by the Governor must exceed 10% difference compared to the same month/quarter as last year.
- Town businesses may apply for County and/or town assistance. These will be coordinated to eliminate duplication of benefits.
- Banks and financial institutions are ineligible to apply.
Expenses eligible for grant funds ff a business interruption is established:
- Rent or mortgage payments.
- Utilities (electric, water/sewer, gas, telephone, internet).
- Expenses paid to re-start business.
- Marketing – Advertising efforts to promote business re-start or to implement an online sales presence.
- Compensation – Any costs associated with re-hiring or hiring new employees.
Applications are available at this link or can be picked up at the Amherst County Administration Offices, Finance Department at 153 Washington St., Amherst, VA 24521, between 8:30 am-5 pm Monday-Friday. Email completed applications to email@example.com or drop them off at the County Finance Department.
Questions? Contact the Finance Department at 946-9304 firstname.lastname@example.org or the Economic Development Authority at 946-5200 email@example.com Follow us on Facebook to receive business updates and information.