Sandy Springs’ Small Enterprise Reduction Help Program is opening functions Dec. 9 to assist these struggling a lack of income as a result of pandemic.
A $1.2 million allocation by the City Council on Nov. 17 funds this system, offering reimbursements of as much as $15,000, relying on the scale of the enterprise. This system defines “small enterprise” as 99 or fewer workers.
Enterprise house owners should use this system’s online portal to use. Funds might be distributed on a first-come, first-served foundation to eligible companies. The deadline to use is Dec. 31.
- Sole proprietor, unbiased contractor or single worker: as much as $5,000
- Two to 10 workers: as much as $10,000
- 11 to 99 workers: as much as $15,000
Eligible companies should have their principal location inside metropolis limits and have operated at the very least one yr previous to March 1. A demonstrated discount in gross sales and revenues on account of COVID-19 should be proven. Unbiased contractors and sole proprietors are eligible, however publicly traded and corporate-owned franchises will not be. Further eligibility particulars are on the net utility.
The functions might be licensed by an unbiased volunteer oversight committee that consists of three metropolis representatives and 4 appointed by the Sandy Springs Perimeter Chamber of Commerce. The Chamber is aiding the town with this system.
Companies awarded funds can use them to reimburse prices associated to enterprise interruption attributable to the pandemic, together with: working capital; equipment and gear; payroll bills; healthcare advantages; contract labor; provider funds; hire, lease, or mortgage funds for actual property used for enterprise functions; hire, lease or buy funds for enterprise property; utility funds for enterprise properties; value of vital enterprise operations; and private protecting gear, sanitation provides and gear.