Small Business Recovery Grants Available

WORKFORCE plus announces the availability of Florida Small Business Recovery Grants that will provide up to $5,000 to small businesses that are  unable to maintain operation and keep their workers employed due to a natural disaster.  The funds are designed to meet immediate costs for which  business insurance and loans are not available.  The funds are also designed to support the long-term recovery and continuity of businesses through targeted business development training.

To be eligible, a business must:

• Have 25 or fewer employees

• Be located in or adjacent to a county declared eligible for both public and individual assistance

• Have been in existence at least 12 months prior to the natural disaster

• Have an established unemployment compensation account

• Have one or more employees unable to work as a result of Tropical Storm Fay

Business requirements:

Businesses approved for a small business grant must agree to participate in entrepreneurial training intended to help sustain and grow operations. Businesses must also develop and submit a business recovery plan that details proposed costs and how grant funding will be coordinated with other emergency assistance.

Allowable costs include:

• Deductible/Co-payment for insurance related to the disaster

• Replacement and repair of items needed to reopen a business such as carpeting, fencing, windows, etc.

• Replacement of damaged business equipment such as a computer or telephone network required to reopen

• Cost of training designed to help develop a business recovery and business continuity plan

• Entrepreneurial and micro-enterprise training

Note:  Funding cannot be used to pay for costs covered by the Federal Emergency Management Agency (FEMA) or business insurance

How To Apply:

Visit www.wfplus.org to download the application today!

This article originally published on October 2, 2008.

Click here to discuss this information in our Online Discussion Forums.

Per Wakulla.com policy, all reader comments (submitted below) must include a valid first and last name.

Written by :

mkwestmark

 

Comments (0)

You must be logged in to post a comment.