The City of Buffalo and the Buffalo Urban Renewal Agency (BURA) in partnership with WEDI invite all microenterprises (five or fewer employees) to apply for this reimbursement grant program whereas through this program, eligible businesses may be awarded a grant in an amount up to $10,000. The majority owners of the business must be considered low income and must provide documentation of their sources (and their household's sources) of income in the application. This program will reimburse business expenses incurred since March 1, 2020 as long as documentation can be provided for these expenses. Read on for more information on what businesses are being targeted through this funding, and how to apply...
ELIGIBLE BUSINESS OWNERS:
- At least 51% of the business's ownership must reside in the City of Buffalo.
- The business's ownership must be up-to-date on all payments and taxes owed to the City of Buffalo.
- At least 51% of the business's ownership must be considered low-income. The household income of the majority owner(s) of the business must not exceed the income limits in the table:
|Owner(s) Household Size:
- Privately held for-profit businesses operating in a commercial facility in the City of Buffalo. Not-for-profit organizations are ineligible for funding.
- The business must provide goods and services to multiple people or other businesses. Businesses not providing services within the City of Buffalo or businesses only providing services to a single individual/business are ineligible for funding.
- The business must have been in operation or established before September 1, 2020.
- The business must not employ more than five (5) employees - employees are considered people who work at least 20 hours per week, including independent contractors and owners of the business.
- The business must be legally permitted to do business in the State of New York.
- The business must not be in receivership or bankruptcy, and must be up-to-date on all payments and taxes owed to the City of Buffalo.
- The business must be current on its commercial rent (if applicable), and if not current, must have a plan to become current (such as using these grant funds to become current on rent).
ELIGIBLE USES OF GRANT FUNDS INCLUDE THE FOLLOWING:
- Business expenses incurred since March 1st, 2020.
- Mortgage payments for the business’s principal place of business or such other business location in Buffalo.
- Rent payments for the business’s principal place of business or such other business location in Buffalo
- Property/Building maintenance fees
- Reimbursement of asset purchases cannot exceed $5,000.00 USD
- Critical business services or operations software (i.e. Accounting Software, Shipping Software, Ecommerce related costs/fees, etc.)
- Utility payments – electric, gas, private trash removal – for the business’s principal place of business or such other business location in Buffalo.
INELIGIBLE USES OF GRANT AWARD FUNDS INCLUDE THE FOLLOWING:
- General government expenses and political activities
- Religious Activities
- Purchase of construction equipment
- Purchase of equipment, fixtures, motor vehicles, furnishings, or other personal property that is not a permanent structural fixture
- Rent payments for businesses that are in an owner’s primary residence are not eligible
- Utility payments for businesses that are in an owner’s primary residence are not eligible.
- City of Buffalo real property taxes, fees, penalties, fines, charges, and other costs currently payable and/or delinquent are not eligible expenses.
This funding is made available through the Community Development Block Grant – Coronavirus (CDBG-CV) allocation to the City of Buffalo via the Coronavirus, Aid, Relief and Economic Security Act (CARES Act).