The Clayton Local Development Corporation (CLDC) is partnering with the Town of Clayton to announce a COVID Relief Program for small businesses and non-profits within the Town of Clayton. The $130,000 funding for this program has been made available by the Town of Clayton via the American Rescue Plan Act (ARPA). The CLDC will be overseeing the program.
ARPA funds may be used to respond to the public health emergency or its negative economic impacts, including assistance to small businesses, or aid to impacted industries such as tourism, travel and hospitality. All uses must comply with U.S. Department of Treasury guidelines.
The CLDC will administer this program to aid small businesses and nonprofits that have suffered and continue to suffer losses and hardships due to the Coronavirus pandemic. Independently owned businesses or non- profits within the municipal boundaries of the Town of Clayton that provides direct services to the Clayton community are eligible to apply.
The CLDC anticipates that applicants will primarily utilize funding to cover working capital expenses, such as rent, insurance, utilities, inventory, supplies or other hard and soft costs related to operations and/or improvements. To maximize flexibility, the project would allow for both forward and backward-looking expenses. Applicants must submit copies of all bills, invoices and/or receipts for items that grant funding will subsidize.
The ARPA Funds can be used to adopt safer operating procedures (COVID-19 prevention or mitigation tactics, such as physical changes to enable social distancing, enhanced cleaning efforts, barriers or partitions). Project specific costs can be retroactive back to a starting date of March 3, 2021.
Another example of the utilization of funds can be used for mitigating financial hardship resulting from the COVID-19 public health emergency, such as declines in revenues or impacts of periods of business closure, for example by supporting payroll and benefits costs, costs to retain employees, mortgage, rent, or utilities costs, and other operating costs
The applicant must provide the latest federal tax return and documentation of project costs.
The maximum award, per Federal Guidelines, is $25,000.00 per applicant. The award process will be based on the number of eligible applications received and the overall needs within the community.
All applicants must describe in detail how the Coronavirus has and continues to impact their business whether this be estimated revenue loss due to closure, reduced capacity, reduced services, employee layoffs or reductions in grant revenues, or some other relevant explanation.
Applicant must submit Profit and Loss Statements for Fiscal Years 2019, 2020 and year-to-date (YTD) 2021 or other documentation to support the information that they communicate in their written summaries. The Town of Clayton and the CLDC reserve the right to request additional information and all applications are subject to Town and CLDC review and approval processes. This includes, but is not limited to, verifying that an applicant is current on all, County and school taxes.
Applicant must be a small business registered with the State of New York with annual operating expenses less than $2 million as demonstrated on their most recent tax statement or a non-profit 501(c)(3) in good standing with annual operating expenses less than $2 million as evidenced on their most recent IRS Form 990.
Applicant must also have been in operation for at least the last three years. For-profit business applicant must be a 51%+ owner and current with property taxes. Non-profit organizations must be a 501(c)(3) organization as evidenced by their IRS determination letter and have a Board of Directors responsible for oversight.
ARPA awardees are required to sign a funding agreement with the CLDC that will include, but is not limited to: general legal principles, reporting, access to financial records, and audit provisions if applicable.
In addition, the CLDC and the Town of Clayton reserve the right to request further documentation and/or clarification as part of the application review process. It is the applicant’s responsibility to provide answers and additional documentation as requested by the CLDC/Town of Clayton during the review process. Failure to provide the information requested in a timely basis will delay a decision regarding approval.
All applicants must submit their completed applications to the CLDC via email to the following address: firstname.lastname@example.org or by mail to Clayton LDC, PO Box 99, Clayton, NY 13624. Applications are due FEBRUARY 11, 2022.
Remember, late and/or incomplete applications will not be accepted. If you have questions regarding your application, please contact Kristi Dippel at (315) 686-3212 x 2 or email@example.com
Click Here to download the grant application (PDF). This is a fillable PDF and can be saved to your computer and then emailed to the CLDC along with your supporting documentation. Applications may also be mailed or dropped of in person during normal business hours.