American Rescue Plan Act – Emergency Business Assistance Program
Due to the COVID-19 public health crisis, Duncanville small businesses are facing a significant financial crisis. It has been estimated that only about one-half of America’s small businesses were able to apply for federal assistance before that first round of funding was committed and that 80% of them still do not know if their application was approved. With 53% of the nation’s jobs coming from businesses with less than 100 employees and with many of these jobs being disproportionately held by low/moderate-income people with already limited resources, much of the local economy is at great risk. To that end, the federal government has passed the American Rescue Plan Act, which gives local governments the ability to provide financial assistance to their local small businesses. The City of Duncanville has allocated $350,000 in ARPA funds to help Duncanville small businesses.
The program is designed to rapidly provide financial assistance to “traditional” small businesses that have been adversely affected by the current pandemic.
Help re-start small businesses that have closed during the pandemic and support those who have experienced economic downfall during the pandemic.
EMPHASIS/TARGET POPULATION: Small businesses with no more than 100 employees, including small businesses that have closed due to covid financial burden & minority-owned businesses.
- Be officially registered with the State, physically located and operating within Duncanville city boundaries;
- Be current in the payment of all tax obligations to the City of Duncanville;
- Began conducting business as of or during 2020;
- Have no more than 100 employees;
- Generate at least $35,000 in revenue annually; and
- Have closed or suffered revenue loss during the pandemic due to COVID-19.
Maximum grant amount: $15,000
*NOTE: Meeting these criteria does not obligate the City of Duncanville to provide assistance to any firm. If the City of Duncanville finds that applicants have provided inaccurate or falsified information, the City is not obligated to provide financial assistance. Small businesses can expect assistance based on the following for a total of up to $15,000.
- $2,500 per Full-Time Employee.
- $1,250 per Part-time Employee.
- 100% of up to twelve (12) months lease payments, utilities, renting, or purchase of business equipment existing in 2020 to the present.
- Payment of existing business-related loans for equipment, vehicles, reimbursement for expenses to mitigate COVID-19 in the workplace.
- $5,000 for restart-up capital for businesses that were forced out of business due to COVID-19.