Monroe County received an allocation of funds from the U.S. Department of Housing and Urban Development (HUD) through the Community Development Block Grant (CDBG) from the Coronavirus Aid, Relief, and Economic Security (CARES) Act (CV) of 2020. These funds are targeted to serving suburban Monroe County businesses, excluding the Towns of Greece and Irondequoit who receive direct funding from HUD and administer their own programs.
This funding will be made available in the form of a forgivable working capital loan provided to small business to cover day to day operating expenses including, payroll, rent/mortgage payments, and utilities. The loan will automatically convert to a grant at the end of the affordability period and once all requirements set forth in the agreement have been met.
The forgivable loan can provide up to six months of assistance based upon the eligibility and needs of the applicant. In order to determine the eligibility, an applicant will need to meet the criteria listed below. Once that has been established a case manager will help determine the applicants need and how much assistance can be made available up to the maximum grant amount of $25,000. Funding is limited and will be supplied on a first come first serve basis until all funds have been expended.
- Are you a small business with fewer than 50 Full Time Equivalent employees?
- Does your business have a physical location within Monroe County (excluding The City of Rochester, Greece, and Irondequoit)?
- If required, are you willing to retain the employment of at least one (1) full time employee (with an income below $44,950 per year)?
- Are you in good standing with the County, New York State, and Federal Government (meaning no outstanding warrants, judgements, bankruptcies or tax liens)?
- Were you in business prior to March 27, 2020?
- Are you able to provide award letters and information on any other COVID assistance you have received?
- Can you provide a recovery plan and show a COVID disruption and/or loss of revenue in one of the following ways:
- Loss revenue due to the mandatory NYS shutdowns
- Loss revenue comparable to previous years
- Lost revenue after expanding/pivoting your business to support the fight against COVID
- You were forced to temporarily close due to employees/customers contracting COVID
- You purchased COVID safety equipment and/or made (non-construction) COVID safety improvements to your business to continue operations (exceptions apply)
- You were affected by another direct COVID impact which resulted in provable loss of revenue
If you were able to answer yes to all questions or still believe that you qualify you can proceed to the online application by following the link:
NOTE: A hard copy of the application can be mailed out if required, please use the contact information below to request one.
Call 585-753-2000 or Email firstname.lastname@example.org
If you were not able to answer yes to the eligibility questions above, you likely do not qualify for this grant program. Listed below are some links that may be able to provide some assistance to your business:
- U.S. Small Business Administration Information page
- For City of Rochester Businesses
- For Greece Businesses
- For Irondequoit Businesses
The County reserves the right to reject any use of the Grant proceeds which it determines, in its sole and exclusive discretion, does not meet the criteria of the CDBG-CV funding, CARES Act or United States Department of Housing and Urban Development guidelines and interpretations, both current and as may be amended and supplemented in the future.