Businesses can apply now through March 26, or when the funding is exhausted, for a #GilbertTogether business relief grant of up to $35,000.
The funding is based on the business demonstrating a positive financial impact to the town of Gilbert.
For this round, Gilbert has expanded its eligibility parameters in four measures:
- Raising the gross revenue cap from $5 million to $15 million or less in calendar year 2019;
- Lowering the demonstrated decline threshold from 15% to 5%;
- Allowing businesses to show decline in gross revenue or gross profit;
- Changing the timeframe to allow applicants to show decline in any 2020 quarter as compared to the same quarter in 2019.
Those changes, approved by Gilbert Town Council on Jan. 14, were made after the Gilbert Chamber of Commerce and Gilbert Office of Economic Development gathered feedback from businesses after closing the first round of funding in December.
The $11 million grant program is one part of an $18 million #GilbertTogether business recovery program. About 50% of the allocated relief grant funds are remaining for the second round, according to the town.
The money came to the town from the state’s $600 million AZCares program, with the money originating from the federal Coronavirus Aid, Relief and Economic Security Act, or CARES Act.
The Arizona Community Foundation administers the grant program. Interested Gilbert-based businesses can apply at gilbertaz.gov/BizPrograms.