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SWED CV-19 Relief Grant Fund

Grants to Maryland Businesses in
Eligible Locations for COVID-19 Relief

Agency Type:

Foundation / Corporation

Funding Source:

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Salisbury Wicomico Economic Development (SWED)

Deadline Date:

07/24/20 5:00 PM

Description:

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Grants of up to $10,000 to Maryland businesses in eligible locations to mitigate the financial impact of the Coronavirus (COVID-19) health crisis. Funding is intended to help local small businesses that experienced disrupted operations due to the pandemic. Minority-owned, women-owned, disabled-owned and veteran-owned businesses are encouraged to apply. This program is open to small businesses located in Wicomico County.

The SWED CV-19 Relief Grant Fund (The Fund) is capitalized through the federal Coronavirus Aid, Relief and Economic Security Act (CARES) and offers working capital grants based on three months operating expenses to assist Wicomico small businesses with disrupted operations due to Coronavirus-19. Understanding that local government lacks the resources necessary to mitigate fully the impact of CV-19, hopefully these funds offer some assistance to small businesses as they adjust to the current and future impact of the pandemic. 

Eligible expenses:

  • Payroll expenses 
  • Rent
  • Utility expenses
  • Other similar operating expenses that occur in the ordinary course of operations (i.e. acquisition of inventory, development or expansion of ecommerce website, CV-19 related signage)
  • CV-19 compliant expenses (PPE, sanitation products and devices)
  • Workforce training for employees to understand compliance regulations (excludes salary while training)

GrantWatch ID#:

GrantWatch ID#: 190921

Estimated Size of Grant:

Up to $10,000

Additional Eligibility Criteria:

For profit businesses located in Wicomico County, Maryland:
- With at least one full time employee but not more than twenty-five full time employees on a full time equivalent (FTE) basis
- With gross revenue less than $5 million annually (gross revenue includes applicant, subsidiary, parent and / or affiliates)
- For purposes of this program, a Maryland Department of Assessment ID Number is required. To find your Department ID Number, visit https://egov.maryland.gov/BusinessExpress/EntitySearch.
- Business must be in Good Standing with the State of Maryland and Wicomico County
- Was established on or before March 9, 2020
- Was either forced to close in part or in total through Maryland Governor Hogan’s Executive Order OR realized a significant loss of revenue due to the Coronavirus-19 pandemic

Excluded applicants include businesses engaged in any illegal activity per local, state or federal regulations with federal regulations taking precedent over local and state regulations.

Ineligible Expenses:
- Capital improvements
- Personal expenses
- Refinancing
- Loan payoffs
- Expenses already covered by other CARES Act funding (i.e. Paycheck Protection Program)

Pre-Application Information:

The online application will be available at 9 a.m., Wednesday, July 17th and will conclude at 5:00 PM on July 24th.

Applications will be processed as quickly as possible.

Apply using the form on the URL for Full Text below.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Please email your questions to info@swed.org.

Salisbury-Wicomico Economic Development
One Plaza East Building
100 E Main St., Suite 501
Salisbury, MD 21801
Phone: (410) 749 - 1251

URL for Full Text (RFP):

Geographic Focus:

USA: Maryland: Wicomico County

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