The Arlington Small Business Emergency GRANT (Giving Resiliency Assets Near Term) Program, designed to provide immediate financial assistance to Arlington’s small businesses and nonprofits impacted by the COVID-19 pandemic, is now open for applications.
The GRANT program will provide a total of $1.2M in funding from Arlington County, the Industrial Development Authority (IDA) and the Rosslyn and Crystal City BIDs. The funds are meant to help provide near-term relief for businesses, some of whom have experienced delays or limitations with Federal relief initiatives. The program was initially approved during a County Board budget work session last month.
The GRANT Program will provide grants of up to $10,000 to businesses and nonprofits with fewer than 50 employees. Businesses may use the grants for employee salary and benefits as well as for other business capital and operating expenses directly related to the immediate impacts of COVID-19.
Eligibility and Applications Process
Eligible businesses and nonprofits are those located in and in good standing with Arlington County, have fewer than 50 employees and can demonstrate revenue losses of 35 per cent or more as a result of the COVID-19 pandemic. Applications will be accepted now through May 17. A diverse panel will then evaluate the applications through a competitive process involving a weighted scoring system, looking at considerations like the number of jobs retained or supported with funds, length of time the business has operated in Arlington, how the funds will be used, and various other criteria. Grant award decisions are expected to be made in mid-June.
Resources for Arlington Business Community
Arlington Economic Development has provided resources to support businesses applying for the program and has compiled additional resources, including webinars, to help businesses navigate the pandemic and various relief efforts. Visit arlingtoneconomicdevelopment.com/covid-19 to see resources available and learn about Arlington businesses offering online services and special offers.