The Administration has announced that applications for economic support through one of several different grant tracks created through S.350, which has been signed into law, and H.966, which is expected to be signed into law in the next several days, will be open for submission beginning July 6. The Emergency Economic Recovery Grants, which will draw upon federal relief funds provided to the states, will total $70 million under S.350 and an additional $96 million under the pending H.966. The two authorizing bills create several different tracks of funding with different standards for qualifying, but the intent is to distribute funding through only one track per applicant and to provide a streamlined application process.
The Agency of Commerce and Community Development has posted a webpage that provides more information about the grants available and the application process. You can find this site by clicking here. Information addressed on the site currently includes:
- What are the eligibility criteria for the Economic Recovery Grants administered by ACCD?
- Where and how do I apply?
- How will Economic Recovery Grant amounts be determined?
- What should my business do in preparation for the ACCD application?
Webinars July 2 and July 3 to Provide Overview of Emergency Economic Recovery Grants
In addition to the online information above, ACCD and the Department of Taxes will also host webinars July 2, from 3:00 pm to 4:00 pm, and July 3, from 8:00 am to 9:00 am and from 11:00 am to 12:00 pm. The webinars will cover eligibility requirements, grant award calculation information, grant application processes, and what documents businesses will want to have prepared and on-hand when applying.
Scheduling and log in information for these webinars can be found clicking here.
Questions, Concerns, Suggestions
AIV strongly encourages employers to review the online information available at the links above, and to participate in the July 2 webinar if possible. We will continue to provide additional updates and information as available and warranted leading up to July 6 and beyond. However, if you have any questions, concerns, or suggestions regarding these grants or other available economic assistance, including if you are unable to participate in tomorrow’s webinar, or if you want to be sure to get future updates, please contact us at firstname.lastname@example.org.