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.
This program will reimburse business expenses incurred since March 1, 2020 if documentation of these expenses being paid has been provided in the application. To determine if your business is eligible for this program, please review the information below.
- The business must have five (5) or fewer employees, including the business owner(s).
- A majority (51%) of the business's employees each must not receive gross salary/wages that exceed $44,200 annually.
- If the business only has business owners and no other employees, then a majority (51%) of the ownership each must have a total income (from all internal and external income sources) that must not exceed $44,200 annually.
- The business's majority (51%) ownership each must not have liquid assets (excluding real estate currently occupied by the business owner) that exceeds $50,000.
- The business's majority (51%) ownership must reside within the City of Buffalo. Determine if an address is within the City of Buffalo by using this tool.
- The business must be a privately held for-profit businesses operating in a commercial facility in the City of Buffalo. Not-for-profit organizations and home-based businesses 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 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).