Applications are now closed. Applicants will be notified of the decisions soon.

The Wasatch County CARES Business Grant Program is offered pursuant to funding received by Wasatch County through the federal Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Funding will be made available to a limited number of businesses that meet specific requirements set by Wasatch County.

The Wasatch County CARES Business Grant Program will provide grants of a minimum of $5000 and up to $50,000. The applicant business must demonstrate a significant impact as a result of the COVID-19 pandemic to be considered for funding.

Applications will open on September 21st, 2020 and close on October 5th, 2020 at 11:59 PM. Funds will be disbursed until the funds are exhausted. Due to the anticipated number of submissions and limited funding, applications will be ranked based on predetermined priorities (see Wasatch County CARES Program Prioritization).

Applications Here.

Eligibility Requirements

  1. Business was operating in Wasatch County on or before March 1, 2020.
  2. Business must be licensed in Wasatch County or a local municipality within Wasatch County.
  3. Business experienced a significant negative impact from the COVID-19 Pandemic
  4. Business can provide documentation showing a financial loss of at least a $5,000 or a 15% loss of profit between March 1 and May 31, 2020.
  5. Business must be open or plan to reopen, as of the date of application submission.
  6. The owner must be 18 years or older and have a valid EIN or Social Security Number if a Sole Proprietor.
  7. Business must be able to spend the entire grant award by November 30, 2020, per U.S. Department of the Treasury requirements. 
  8. Business owners must have the ability to document and report on the use of funds.

Eligible Use of Funds

Grant money may be used to pay for operating expenses related to COVID-19:

  • Payroll – (With documents proving)
  • Rent or Mortgage
  • Insurance
  • Inventory

Grant money may also be used for additional COVID-related expenses Including:

  • Expenses related to business premises modifications to promote social distancing.
  • Expenses related to continuing business operations from home or online.
  • Expenses related to business premises modifications to protect employees or customers, such as barriers, distancing signs, hand sanitization centers, etc.
  • Expenses related to protective gear and sanitization such as masks, hand sanitizer, and disinfectant, including increased costs for utilizing these items.
  • Other expenses that are business-related and would not have been necessary if not for the COVID-19 pandemic.

Funding –

Applicants may apply for up to $50,000 of funding. Must submit documentation to prove need for the amount requested. If you ask for $10,000 you must show proof that you still have need still outstanding.

 

Documentation

The following documents and others can be used to establish need or economic hardship.

      • Profit and Loss comparing March, April, May for 2019 to March, April, May of 2020
      • Debts, Payroll, outstanding bills,
      • expenses related to PPE
      • modifications to business and other business-related expenses that would not have been necessary if not for the COVID -19 Pandemic

 

Prioritization

It is anticipated that there will be more funding requests than money available for the Utah County CARES Small Business Grant Program. The County will review and rank applications to prioritize disbursement of the funds. The applications will be ranked according to the following priorities: 

      1. Businesses that applied but did not receive funding from the Small Business Administration and/or the Governor’s Office of Economic Development loan programs.
      2. Businesses that were unable to practice safe social distancing and needed to close, in accordance with state and local guidance (e.g. personal services, gyms, spas, etc.) or businesses that voluntarily closed or partially closed to promote social distancing measures, in accordance with state and local guidance.
      3. Businesses with an average monthly revenue/income loss greater than 50% due to COVID-19.
      4. Businesses that have been open for at least two years by March 1, 2020.
      5. Businesses that did not receive any other federally-subsidized disaster assistance such as the Small Business Administration (SBA) programs (PPP and EIDL), the Federal Emergency Management Agency (FEMA), and state programs (Commercial Rental Assistance).
      6. Hardest hit industries

* These prioritizations are not mandatory. Businesses that do not meet all of the priorities are still eligible to receive a grant award.

For Technical Assistance: please contact jbedingfield@mountainland.org or 801.229.3691