Grants will be made in a one-time lump sum payment. Up to $20,000 in cash grant funds are available per business.
Grant amounts will be determined based on the business's demonstrated financial impacts and/or annual operating revenue.
Grant funds may be used for:
Payroll and benefits, costs to retain employees, and mortgage, rent, utility, and other operating costs
Technical assistance, counseling, or other services to support business planning
Businesses in qualifying census tracts in Norristown and Pottstown may also use funds for rehabilitation of commercial properties, storefront improvements, and façade improvements
• A small business in Norristown opened in February 2021. On their 2021 tax return, the business reported $15,000 in net revenue. They apply to the “streamlined” grant program by submitting that tax return and receive a $10,000 grant.
• A small shop in Pottstown was earning $150,000 in annual revenue prior to the pandemic. Due to loss of foot traffic, the shop is now earning about $80,000 annually and showing losses of about $70,000. They submit tax returns to demonstrate these losses and receive a $20,000 grant through the ‘Impacted Businesses’ program.
• A small business in Lansdale was earning a net income of $50,000 annually prior to the pandemic. Due to increased supply costs, they are now spending more for their products and their net revenue is $35,000. They apply to the “Impacted Businesses” grant program showing the financial impact of $15,000 and receive a grant for that amount.