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The original item was published from 9/25/2020 10:07:50 AM to 10/24/2020 12:00:06 AM.

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Posted on: September 25, 2020

[ARCHIVED] Small Business Grant Funds Available

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On June 2, 2020, the City of Hutchinson was approved for $132,000 in grant funds to assist small businesses who employ persons from low to medium income households. The City has completed one round of applications and has approximately $27,500 of funds remaining to award. The City of Hutchinson is accepting applications from businesses that meet the following requirements:

  • Must be physically located in Hutchinson;
  • Must have one to five employees for the micro-grant program, and six to fifty employees for the economic development program; including the owner;
  • Must have at least 51% full-time equivalent jobs for persons from low to medium income households;
  • Must provide proof of financial hardship due to COVID-19;
  • Must submit the application and all required supporting documentation; and
  • Must disclose if they have received capital through alternative sources (e.g. Economic Injury Disaster Loan (EIDL) or Payroll Protection Program (PPP) Loan) at the time of application submittal.

B. AVAILABLE FUNDING

The program is based on the availability of CDBG-CV funds, program guidelines, and submission of all required information. Based on the criteria stated above, applicants may receive a grant of up to:

  • Five thousand dollars ($5,000) for businesses of 1 to 5 employees, and;
  • Ten thousand dollars ($10,000) for businesses of 6 to 50 employees.

Grant funds are to be used for working capital such as employee wages, rent, mortgage payments, utilities, and to purchase up to 60 days of inventory needed to reopen the business.

For more details and to apply, you can view and download the full application here. APPLICATIONS ARE DUE OCTOBER 9, 2020.

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