RESILIENCY GRANT APPLICATION ROUND II

FAQ

What is the Tacoma Resiliency Grant?

The Tacoma Resiliency Grant is a one-time payment of $10,000 to eligible businesses that are located within Tacoma city limits and licensed in Tacoma. Businesses are not required to pay the grant back.

Washington State also offered two rounds of a grant name Resiliency last year. That grant is different from this grant; the City of Tacoma does not share application/database information with the State of Washington (nor other funders). If you applied there, it is not on file here and vice versa.

If I already applied and/or received a Resiliency Grant may I apply again?

If you applied for the City of Tacoma Resiliency Grant in October 2020 but did not receive funding from the City of Tacoma Resiliency Grant, you are eligible for this round. We ask that you reapply to reaffirm that you still meet the minimum qualifications and to recertify the accuracy of your application.

If you received a loan from the City or grants/loans from other funders, you may apply as long as you would not use these funds, if chosen, to cover the same expenses covered by other funding sources.

If you received funding from the first City of Tacoma Resiliency Grant, you are not eligible to receive funds in this round.

How can I use the grant?

This is a pandemic impact hardship grant to cover operating expenses incurred March 17, 2020 thru December 15, 2020; it is not for current or future expenses. Eligible expenses include payroll, inventory, rent/mortgage, or utilities. [Note: Some home-based businesses may qualify for this grant but would not be allowed to use these funds for rent/mortgage or utilities.]

Proceeds from this grant cannot be used to cover expenses that have been previously paid for by other federal, state, county, or local Covid recovery programs. For example, if you received other funding to cover payroll May-August 2020, you may not use the Tacoma Resiliency Grant to also cover May-August 2020 payroll; you would need to use these grant funds to cover other expenses.

When will I know if I will receive this grant and when will it be funded?

The application period closes on April 23. Staff will review the applications for eligibility and may contact you if they have a question. It is important that you enter an e-mail and phone number on your application that you will monitor. Notification to all applicants – whether or not your business was chose via the lottery – will be sent out on May 11, 2020. Each recipient will receive a DocuSign e-mail in order to submit the required documents (see section Will businesses be required to submit financial documents?). Once all correct documentation is received by the City, it generally takes 5-10 days for the funds to show up in your account.

What are the eligibility requirements?

The following criteria must be met for a business to be considered eligible:

  1. Loss of revenue: Your business needs to have a documented 25% or greater loss of revenue year-over-year, 2019 to 2020, due to the impacts of Covid. This means your business needs to have been open prior to March 17, 2019.
  2. Geographic location: Business must operate a licensed physical brick-and-mortar, home-based business, or food truck located in Tacoma. Home-based businesses must be located in an area of low-economic opportunity in order to comply with federal funding regulations. Grant administrator will check addresses via Tacoma Equity Index map.

Businesses not located within Tacoma city limits are not eligible. Not all businesses with a Tacoma mailing address are within Tacoma city limits. To verify, you may enter your business address here: https://www.cityoftacoma.org/government/city_council/district_map

 

  1. Low/moderate income requirement: Majority business owner(s) must meet the income requirements established by federal funding eligibility guidelines. The majority business owner(s) must have an annual household income that is less than 80% of the Area Median Income low-moderate (AMI).This is adjusted gross income, which is most often line 8b on your personal 1040 Income Tax form.
Family Size 1 2 3 4 5 6 7
80% AMI $48,450 $55,400 $62,300 $69,200 $74,750 $80,300 $85,850

This income threshold needs to be verified at the time of grant closing/funding. If the government releases an updated income chart prior to any recipient business receiving funds, the personal household income of majority business owner(s) will need to meet updated/current 80%AMI limits.

  1. Micro-enterprise status: Business must have five or fewer full-time equivalent employees, including the owner(s), inclusive of all locations, and not be a franchise or chain.

Is the application available in other languages?

Yes, the application is available in: Spanish, Vietnamese, Korean, Russian, and Khmer.

If I am unable to submit the application online are there other ways I can turn it in?

Yes, please reach out via email to ResiliencyGrant@CityOfTacoma.Org or call 253-591-5208. Staff will work with you to schedule a day and time for applicant(s) to turn in their application in person.

How will businesses be selected?

Recipient businesses will be selected at random via a lottery system.

Will businesses be required to submit financial documents?

Applicants will be allowed to self-certify their income during the application process.
If chosen, you will need to complete and submit (via DocuSign) the following paperwork prior to distribution of funds:
> most recent personal income tax return to verify household income
> City of Tacoma business license
> State of Washington business license
> Photo ID
> DUNS number (call 1-866-705-5711 to request one if you don’t have one)
> W9
> ACH (banking information for direct deposit); check may be mailed, if preferred
> signed grant agreement
Delay in providing complete and accurate paperwork will delay funding.

Is this grant considered income?

Yes, this grant will be considered taxable income, businesses will be required to submit a W-9 form to receive the funds.

Will my use of funds be audited?

The City of Tacoma may request an audit of your use of funds at any time. Please keep a file of all receipts and records related to the eligibility criteria and use of funds for this grant. When the City gets audited by the State or HUD, they may request we reach out to randomly selected grant recipients to provide back-up documentation. The grant agreement that you will sign indicates that you agree to produce this documentation or be subject to repayment of the grant.

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