Phase 1 Open Now Through Friday, June 19 at 7pm EST
Phase I injects $10 million into small Lancaster County businesses for working capital and retrofit needs. The application portal is now open for businesses with 20 or fewer employees and will be open until Friday, June 19 at 7pm EST. This is not a first-come, first serve application process. The grants will be based on a variety of criteria. We also have a telephone service if you have questions about the process. Call 717-239-6961 between 8am-5pm Monday-Friday, or leave a message and someone from the grant team will get back to you.
Learn more with our FAQs and guides before applying below.
All Lancaster County based for-profit, not-for-profit, sole proprietor, and agricultural entities meeting the following criteria:
-20 total employees by headcount or less on March 1, 2020;
-Positive net profit or surplus after adding back depreciation reported on last submitted federal tax return;
-Passive businesses such as commercial and residential landlords are ineligible;
-Business must be compliant with all federal, state and local laws;
Funding Uses & Purposes:
-Helping entities secure access to funds for working capital including payroll, rent, mortgage, supplies, and other operating expenses needed to help the entity serve or produce goods relevant in today’s economy;
-Helping entities retrofit their facilities to meet public health requirements;
-The lesser of $35,000 or three months of average monthly operating costs based on 25% of the total business operating expenses reported on the most recently filed federal tax return;
-The applicant will choose how to best utilize the funding across working capital needs and facility retrofit improvements for public health requirements. All retrofit funding needs occurring after April 15, 2020 will be eligible.
-Please help us stretch the $10 million to help as many Lancaster County small businesses as possible by only requesting funding you truly need to help your business recover and grow.
Deadline: June 19, 2020 at 7:00PM
Learn more and apply for the fund at https://recoverylancaster.com/funding/local-grant-fund/