What is the Arlington County, VA, GRANT program? 

The GRANT program – Giving Resiliency Assets Near Term – is designed to provide immediate financial assistance to Arlington’s small businesses impacted by the COVID-19 pandemic.

The GRANT program would provide grants of up to $10,000 to businesses and nonprofits  with less than 50 employees. Businesses may use grants for employee salaries and benefits, and other business capital and operating expenses directly related to the immediate impacts of COVID-19.

Funding for the program is coming from existing AED FY2020 budget.

Who is eligible to apply for the grants?

Arlington County businesses and nonprofits with less than 50 employees that have experienced sudden financial losses of 35% or more as a result of the COVID-19 pandemic.

Businesses will be verified on company size, economic hardship, and good standing with Arlington County licenses and taxes to maintain eligibility.

Applications for Federal programs will not impact County GRANT eligibility.

How will the grant application work?

The application will be posted online beginning in early May. To date, the application period has not been finalized. Paper applications also will be accepted via mail. The application will be translated into multiple languages.

Applications will be evaluated through a competitive process involving a weighted scoring system, looking at considerations like the number of jobs retained/or supported with funds, length of time the business has operated in Arlington, whether it is a women and/or minority-owned, demonstrated need and industry.

Applications will be reviewed by a designated GRANT Review Panel comprised of a diverse group of individuals from the Economic Development Commission, Industrial Development Authority and independent financial reviewers. All applicants will be awarded from a blind perspective, meaning the review panel will not be able to see the name of the applying company during the review process.

Grantees will be notified of awards shortly after the close of applications and will then be required to sign an Arlington Small Business Emergency GRANT performance agreement and be provided with an AED liaison as a resource.

Grantee businesses will be required to submit a final report at the end of the grant term detailing how funds were used. If the business does not use the funds for employee salary and benefits or other business capital and operating expenses directly related to the immediate impacts of COVID-19, the business must repay the grant.

More here.

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