****Due to the overwhelming success of the Roane County Economic Development Authority's Small Business Micro-Grant Program, we can no longer accept applications. Should you need information or assistance regarding the SBA Program or low-interest business loans, please contact our office.****

Small Business Micro-Grant

This is a Micro-Grant program funded by the Roane County Economic Development Authority to assist small businesses in Roane County impacted by the COVID-19 pandemic.

Program Overview:

• A one-time grant award up to $2,000 for 50 eligible businesses with no repayment required unless the awardee fails to comply with the requirements. (This is not a loan).
• Limited to one award per business entity/business owner.
• Eligible grant use: Business related expenditures for improvements, rent/mortgage, inventory, utility costs, payroll and other applicable overhead.

Criteria for Eligible Businesses:

• Must be a registered Roane County business entity in good standing with the State of West Virginia;
• Have a physical establishment within Roane County;
• Have no more than 15 full-Time employees (as of April 1, 2020);
• Have no pre-existing tax liens or legal judgements;

The following entities are NOT eligible:

• Home-based businesses
• Churches
• Non-profit organizations
• Banks & financial institutions
• Investment real-estate entities
• Government agencies
• Members of the Roane County Economic Development Authority’s Board of Directors

Application and Review:

• Applications will be processed on a first come, first serve basis.
• Applications will be reviewed by the Roane County EDA Staff and submitted to the Board of Directors Review Committee. All decisions shall be final.
• Awardees will be required to complete a disbursement form and must be able to produce receipts.
• Details of the application will be confidential.
• By accepting this Micro-Grant, awardees consent to be included in marketing and promotional materials.
• Strongly encourage you to attend an SBA webinar and apply for SBA CARES PPP (P3) or EIDL Programs.

Applications will be made available online at wwww.roanecountyeda.org  and accepted beginning Thursday, April 16, 2020 at 9:00 a.m.  Contact the Roane County Economic Development Authority at (304) 927-5189 or www.roanecountyeda.org for additional information.                                                                       Revised 4-15-2020

 

 

 

 

 

 

 

 

 

RCEDA