Small Business Grant
CITY ANNOUNCES COVID-19 SMALL BUSINESS SUPPORT GRANTS
The City of DeSoto has received access to funds through the CARES Act that are required to be used to prevent, prepare for, or to respond to job loss and impacts related to Coronavirus (COVID-19) restrictions. The CARES Act will provide the City with $182,823 in Community Development Block Grant Coronavirus (CDBG-CV) funds from the Department of Housing & Urban Development (HUD) and these funds will be paired with a matching $182,823 contribution from the DeSoto Economic Development Corporation (DEDC). This combined funding will become the basis for the COVID-19 SMALL BUSINESS SUPPORT GRANT PROGRAM.
The City encourages eligible small businesses to apply to participate in this grant program that will make available short-term working capital assistance for the retention of jobs held by low to moderate-income (LMI) employees.*
Each participating small business will be required to have procedures in place to prevent duplication of benefits. Participants will be subject to oversight and reporting requirements to ensure that funds are not used to pay costs already eligible for coverage under other available sources of financial assistance.
Click here for the online application in Word or here for the PDF version or call 972-230-9694 to request a hard copy. Electronic or hard copies of the completed application must be submitted no later than Friday, June 12, 2020, by 4:00 PM. Because social distancing efforts are in place at all City office locations, delivery of your application can be delayed. Therefore all applicants are encouraged to submit their applications well in advance of the due date.
To facilitate program understanding and completion of applications, the City is planning to hold two Townhall Meetings. Additionally, “Go To Meetings” will be held online from 5:30 PM to 6:30 PM on the evenings of May 29th, June 5th, and June 10th, 2020.
Questions and comments regarding the CDBG-CV program and application must be submitted in writing to SmallBusinessGrant@desototexas.gov. City staff will respond as quickly as possible and will post commonly asked questions and the associated responses on the City’s website.