Small businesses in Miami Beach that have been negatively impacted by the coronavirus pandemic will soon be able to apply for up to $20,000 in emergency grant money. City Commissioners allocated $600,000 of CARES Act funding the City has received to help small businesses pay for rent, mortgages, utilities, payroll, operating supplies and other qualifying business expenses. Depending on need, at least 30 businesses will receive assistance.
The grants will be awarded on a first-come, first-qualified basis through an online application.
Be prepared: The application can be viewed here starting on Monday, December 28 and submissions begin on January 6, 2021. The application process will remain open until all funds are exhausted.
Requirement of note: For a 12-month period after receiving a grant award, the small business must retain or create one job filled by a Miami Beach resident of low-to-moderate income or the business must be owned by a low-to-moderate income wage earner.
Eligibility: Microenterprises with five or fewer employees including the business owner. Small businesses with ten or fewer employees including the business owner.
Documents needed: Businesses must show evidence of Miami Beach business tax receipts for 2020 and 2021. Grantees are required to provide federal income tax returns, bank statements, payroll documents, invoices, proof of payment for eligible expenses and a duplication of benefits affidavit.
Please note: This is a summary. Visit the website to review program guidelines and log in or create a new profile to preview the application.
A Letter to Commission from Interim City Attorney Raul Aguila also has further details. View it here.
Miami Beach Small Business Emergency Grant Applications Open Soon:
City expects to help at least 30 businesses through CARES act
CARES Act Reimbursements Expected to Buffer Current Year
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