“The program aims to avoid job losses and assist those small businesses affected by emergency orders and business closures by providing working capital to help retain jobs held by low-income residents,” according to the City’s announcement.
Grants of up to $10,000 will be made for any business expense, including payroll, utilities, rents, and COVID-related expenditures.
“Award recipients must hire or retain, for a period of 12 months, one (1) employee that resides in a Miami Beach household earning 80% or less AMI (Area Median Income), otherwise the award must be repaid back to the City. The business is not required to hire a new employee if a current employee earns 80% or less AMI and is a Miami Beach resident,” according to the City.
Household Size Low-Income (80%) AMI
- 1 - Person $51,200
- 2 - Person $58,500
- 3 - Person $65,800
- 4 - Person $73,100
- 5 - Person $78,950
- 6 - Person $84,800
- 7 - Person $90,650
- 8 - Person $96,500
How to Apply
To apply for the Miami Beach Small Business Grant, click here.
Applications will only be accepted between Monday, June 15 at 9 a.m. and Friday, June 26 at 5 p.m.
Following screening for eligibility, applicants will be entered in either one of two lottery drawings:
(1) businesses participating in the MB Standard program
(2) businesses who are not participating in the program
For more information about MB Standard, click here or visit MBbiz.com.
Once the application period closes, award recipients will be randomly selected by lottery until program funding is depleted. If a business fails to meet eligibility requirements, the business will be disqualified from consideration.
