Microenterprise Business Grant Program

three photos of small business owners standing in or in front of their businessesAs part of the federal CARES Act, the City of Chino has received and allocated $285,471 in Community Development Block Grant (CDBG) funds to provide grants for low to moderate income businesses. Eligible businesses can receive up to $10,000, or up to 3 months of rental/lease payment assistance, to ease the financial hardship due to a loss or reduction in revenue directly related to COVID-19.  

Chino’s Mayor and City Council will provide short-term working capital assistance to microenterprise businesses that meet the National Objective – income eligibility requirements in the form of rent assistance. 

Requirements

As a requirement, applicants must be a microenterprise business. A microenterprise is defined as a commercial enterprise that has five or fewer employees, one or more of whom owns the enterprise.  Businesses may include part-time employees in its full-time equivalent count

The business has an owner who is low - moderate income (LMI); OR
The business provides employment support services where at least 51% of the persons benefiting from the service are low – moderate income (LMI); OR
The business employs or retains employees where 51% of the total employees are low – moderate income (LMJ).


All businesses assisted with a Microenterprise Business Grant must meet ALL the following requirements:

         •Must be a microenterprise business;
         •Business must be located and operating within the City of Chino
         •Business must be in good standing in the city, i.e. current business license
         •Have no outstanding code violations with federal, state or local governments
         •Have no liens against the business
         •Meet HUD’s criteria of a low-moderate income benefit
         •Have a verifiable loss of revenue/income due to COVID-19 that justifies the need for assistance
         •Have not received other Business Assistance from other sources, including federal, state or county governments, the Small Business Administration (SBA); AND
         •Submit a completed, signed application before the deadline of June 24, 2020 at 5:00 p.m.

For additional guidelines, please view: CDBG-CV Microenterprise Business Grant Program Guidelines (PDF)


Application Details
The City will accept applications beginning June 17, 2020 at 8:00am through June 24, 2020 at 5:00pm or until the first 50 applications have been received, whichever occurs first.  Applications may be submitted via email or hand delivered to City Hall.  All applications will be date and time stamped as they are submitted.  Applications will be evaluated for completeness.  Incomplete applications will not be accepted and will be returned.

Applications closed on June 24 at 5:00pm.
 

For more information, please contact Chris Kennedy, Economic Development Manager, (Program Administrator) by email: ckennedy@cityofchino.org or( 909) 334-3335.