Commissioners Court approves launch of small business grant program

Commissioners Court approves launch of small business grant program

Commissioners Court approves launch of small business grant program


The Collin County Commis­sioners Court approved Mon­day, Aug. 24 the launch of the Collin CARES Small Business Grant Program that provides up to $25,000 for eligible compa­nies where gross revenue losses were more than 15 percent, due to the COVID-19 pandemic.

Businesses with less than $5 million in gross revenues and fewer than 100 full-time em­ployees are eligible, and must have operated continuously within Collin County for 6 months prior to March 1, 2020. Business owners can apply for up to three (3) business loca­tions having common owner­ship within Collin County.

Commissioners Court voted unanimously Monday after­noon to set aside $15 million in U.S. CARES Act funding for the grants in addition to the $30 million earmarked for Housing assistance and $5 million for local food pantries.

The program will accept on­line applications collincounty. gov from Sept. 4 through Sept. 25 and allows for eligible busi­nesses to receive from $5,000 to $25,000, provided the busi­nesses can document actual incurred costs. The grants are taxable, and the program ex­cludes those businesses within the City of Dallas.

Eligible expenses include:payroll, fixed overhead costs such as rent, utilities, contract labor, supplier ma t e r i a l / p ay­ments and CO­VID-19 related business im­provements such as personal protective equipment, sanita­tion supplies and equipment.

Details on qualifying for the grants will be posted on the Collin CARES pages at www. collincountytx.gov.

For more stories like this, see the Sept. 2 issue or subscribe online.

From Staff Reports[email protected]



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