Thank you for your interest in applying for a $5,000 grant through The Neighborly Fund. A total of 50 applications will reviewed and 20 will be selected. The online application begins on the following page. If you have applied for financial assistance through The Neighborly Fund prior to June 5, 2020, and you would like to be considered for this $5,000 grant, please complete an online application on the following page. To learn more about The Neighborly Fund, please visit www.wedibuffalo.org/tnf, or click here.
Before beginning an online application, please read the information below.
To be eligible for grant funds under this program, businesses must meet the following requirements:
- Must be women or minority owned (M/WBE certification is not required)
- Must be considered a small business (under 20 employees)
- Must not be a non-profit organization
- Must be registered to do business in the State of New York
- Must be a privately held business that is not owned by another company
- The principal place of business must be located within the city of Buffalo or an immediate surrounding area town/city (Cheektowaga, Lackawanna, Amherst, Tonawanda, Wheatfield)
- Must be providing a service to people or businesses or be in the healthcare, wellness, lifestyle, or, hospitality industry
- Must have been in operation on or before September 1, 2019
- Must have a total gross revenue in 2019 that was no greater than $500,000
- The business must not be in receivership or bankruptcy.
Examples of eligible expenses that grant funds may be used for, include the following, but are not limited to the following:
- Mortgage payments for the business’s principal place of business or such other business location in Buffalo. Mortgage payments for businesses that are in an owner’s primary residence are not eligible.
- Rent payments for the business’s principal place of business or such other business location in Buffalo. Rent payments for businesses that are in an owner’s primary residence are not eligible.
- Property/Building maintenance fees
- Critical business services or operations software (i.e. Accounting Software, Shipping Software, Ecommerce related costs/fees, etc.)
- Utility payments – electric, gas, sewer, water, trash removal – for the business’s principal place of business or such other business location in Buffalo. Utility payments for businesses that are in an owner’s primary residence are not eligible.
- Business related health, property and casualty and liability insurance payments.
- Salaries or wages of all employees employed by the business.
Towards the end of this online application, each business will be asked how it plans to utilize the $5,000 grant award funding. It is expected that each business provides an itemization of the expenses the business intends to pay with the grant and this will be reviewed for compliance with the eligible expenses set forth above.
Terms of Grant
- Within 90 days of receiving grant award funds, documentation of the business expenses paid for using grant award funds must be provided to WEDI. Documentation will be in the form of cancelled checks, paid invoices, bank statements, or similar documents evidencing payment. The listing of business expenses paid, and accompanying documentation shall be submitted to Catherine Dolan, email@example.com.
- All expenses reported to as paid using grant funds must either be incurred by the business or paid by the business on or after March 1, 2020, and within 90 days of receipt of grant funds.