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CITY OF RIVERSIDE

Small & Micro Business Resiliency Grant Program

 

 

 

OVERVIEW

 

The COVID-19 pandemic not only threatened business survival during the darkest days of lockdown. For many vulnerable small for-profit businesses, particularly those in under served and disadvantaged communities, its economic impacts continue to reverberate into recovery.

The goal of the City of Riverside Small & Micro Business Grant Program is to address not only continuing pandemic recovery needs, but, as provided for in the Department of Treasury State & Local Fiscal Recovery Funds (SLFRF), it is intended to support long-term resiliency and growth of local small businesses, promote access to valuable partner resources, and reduce the barriers to success faced by small businesses in disadvantaged communities.



The City of Riverside Small & Micro Business Grant Program is designed to support local small business resiliency with grant awards of up to $25,000 for qualified businesses. In addition to direct financial support, all applicants will have the opportunity to participate in a FREE two-hour, one-on-one Business Resiliency Consultation to identify areas for improvement and build customized strategies to increase financial stability, long-term sustainability, and capacity for success.



***Please Note: Funding is limited and application submission does not guarantee funding.

 

 

View More Info Here


    View FAQs Here    

 

 

 

REMEMBER WE ARE HERE TO HELP!

If you have any questions about the program and/or need additional assistance preparing and submitting your application, please feel free to reach out to one of the organizations below. We highly encourage businesses to take advantage of the following resources to potentially expedite your application processing. These organizations will also be available to assist with follow-up reporting requirements.



Inland Empire Small Business Development Center (IESBDC) | 800-616-SBDC | iegrants@ociesbdc.org


Inland Southern California 211+ | 951-697-4700 x 6102 | smallbusiness@iscuw.org

ELIGIBILITY PRE-SCREENER

* A red asterisk indicates a required field

*** Please Note: All references to "your business" throughout this application include individuals who are self-employed, entrepreneurs, sole proprietors, 1099 Independent Contractors, and/or home-based businesses.

Proof of a physical address within the City of Riverside is required. If your business is home-based, a residential address is sufficient. However, a PO Box or other Mailing Address, does not qualify.

Please confirm your location via the “Find My Ward” map, your address must be within a shaded area to qualify.

A Current City of Riverside Business License, in good standing, is required.

If you do not currently have a City License, please contact the "City of Riverside Business License Dept".The City of Riverside offers a Business Tax Amnesty Program. If you qualify, interest and penalties may be waived, to help your businesses get back on track.

If your business started before March 13, 2020:
Proof of business being in operation prior to this date is required (i.e. 2019 Business Tax Return).

If your business started between March 13, 2020 - December 31, 2021:
Proof of business being in operation prior to January 1, 2022 is required (i.e. 2020 or 2021 Business Tax Return). In addition, proof your previous employment was impacted by COVID will also be required (ex: 2020 or 2021 EDD Claim History).

If your business started between January 1, 2022 - December 31st, 2022:
Proof of business being in operation prior to January 1, 2023 is required (i.e. 2022 Business Tax Return). In addition, proof your previous employment was impacted by COVID will also be required (ex: 2022 EDD Claim History). Lastly, financial documents demonstrating covid impact and financial need will be required.

Proof of your business' gross annual revenue is required (i.e. 2022 Business Tax Returns)

If you have employees:
Proof of Number of Employees is required (ex: Form 941 and/or Payroll Ledger)

If you are self-employed:
Proof of no other employees is required

Per the SLFRF Final Rule, businesses funded through ARPA must have a COVID Impact to qualify. Almost every business that was operating during covid can demonstrate a COVID Financial Impact in some way. If you have any questions about this eligibility criteria, please feel free to reach out and we can help guide you appropriately based on your specific situation.

Your business may qualify as part of a "Presumed Impacted" Group:

- Location in specific census-designated areas
- Business Type identified as one of the Most Impacted Business Sectors
- Business Owner identified as one of the Highest Impacted Business Communities
- Other Categorically Eligible criteria


OR

Your business may qualify based on demonstrated financial impact:
Business Tax Returns and/or other financial documents may be required for verification purposes. Any combination of 2019 - 2023 that will show impact may be acceptable.

Supporting documentation for things such as ownership verification, state registration, FBN Filing, CA FTB Status, etc. may be required as needed for verification purposes.


Based on your answers above, it appears that you are not eligible for this grant opportunity. We regret that we are unable to assist you through this program.


Based on your answers above, you MAY be eligible for this grant opportunity. Please CLICK HERE to complete and submit your application for consideration.


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