Miami, FL

Starting this Monday, businesses in Miami will be able to apply for a subsidy

MIAMIDIARIO

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Referencial

From next Monday, November 15, applications for a grant for small businesses in Miami will be able to be received through an Internet portal. This aid is based on the ARPA Act, (  American Rescue Plan Act of 2021 ), which was adopted by the federal Congress.

Small companies or for-profit or non-profit businesses located within the limits of the municipality, “that suffered losses determined by the pandemic and that meet a series of requirements, could opt for a one-time grant of up to 20% of the income gross of the company in 2019, without exceeding $ 25,000 ”, said the city council through an official document.

According to the Diario de las Américas , the indispensable requirement, the annual income of the company in 2019 cannot have exceeded 2 million dollars.

To apply for the grant, the business:

  • It must be located within the limits of the City of Miami, according to the official map of the city council.
  • Have 20 or fewer employees and meet all eligibility criteria listed on the application
  • Send the complete application together with copies of all the required supporting documents, as indicated in the digital worksheet

The grant payable consists of reimbursements for expenses associated with:

  • Rent or mortgage payments
  • Employee salaries
  • Utility bills, business licenses, and / or insurance.
  • Expenses must have been incurred as of March 1, 2020 and cannot have been reimbursed by another federal, state, or local business assistance program.

The program does not pay any future expenses.

Applications will be processed on a first-come, first-served basis. Applications will not be reviewed until all supporting documents have been submitted.

It is strongly recommended that companies submit their application on the  Internet-enabled portal  www.miamigov.com/BAGP2 , where the applicant can directly upload all required supporting documentation.

Original article from Miami Diario

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