Today the staff of the Blueprint Intergovernmental Agency proposed a grant program to help small businesses. The COVID-19 Economic Disaster Relief (CEDR) Program would provide a $2,500 grant to businesses that meet specific criteria.
Staff states that “the CEDR Program will be administered by the Office of Economic Vitality to bridge the gap between federal and state programs and quicken economic recovery to sustain local businesses most in need.”
The program is scheduled to be considered at the Wednesday Blueprint IA meeting.
If adopted, the program would provide $2,500 grants to 400 qualified businesses. The qualifications and criteria for receiving a grant is listed below.
•Be a for profit corporation/business based in Leon County (Corporate, Regional, Division, Registered Office or Franchise) and registered with the Florida Division of Corporations, with more than 1 and fewer than 50 employees.
•Demonstrate a minimum reduction of 50% in revenue as a result of COVID-19 – supply an affidavit stating this.
•Have an active Utility Account with the City of Tallahassee Utilities, Talquin Electric Cooperative or Progress Energy Florida in good or current status as of the date of COVID-19 Emergency Declaration, March 18, 2020.
•Provide proof of application for either the Florida Small Business Emergency Bridge Loan or the U.S. SBA Disaster Loan Assistance program.
•Pledge in good-faith to remain in business for at least 45 days following the receipt of CEDR funding and provide estimated average monthly operating expenses