The Small Business Relief Micro-Grant Program provides financial grants of up to $50,000 to qualified Prince William County small businesses and non-profits impacted by the COVID-19 pandemic.
The grants will assist eligible businesses in maintaining operations and can be used for ongoing expenses such as payroll, rent and insurance. Grant recipients can also use funds to purchase e-commerce equipment or expand websites and online sales capabilities.
NOTE: Only businesses that have NOT received a Small Business Relief Micro-Grant from PWC will be eligible. Grant amounts are determined based on the following:
To be eligible for a Prince William Small Business Relief Micro-Grant, applicants must:
Additional requirements for verification:
The Following Businesses are Ineligible:
Gather your annual revenue and expenses for 2018 and 2019, and your monthly revenue and expenses for 2020. Do this before starting the online application. The information submitted in your application must show a decline in monthly revenue starting in January 2020 through May 2020.
The Micro-Grant is intended to provide financial support to as many businesses as possible. Only business that have NOT received CARES Act funding from PWC will be eligible. This rule does not apply to various federal, private sector business grants or loans.
It depends. If you file your personal taxes as a 1099 contractor for a business owned by another person, then you are not eligible to apply for funding. If you own a business (LLC, S-Corp, sole proprietorship and partnerships are the most common) that works for clients or other businesses and pays you a salary, then your business may apply for funding. For example, if you collect a 1099 from a company like Airbnb and file this form with your personal taxes, then you are not eligible for funding. If you own a B&B, filed as a business in Prince William County, that happens to use Airbnb as a way to book your space, then your B&B business is eligible to apply for funding.
Business Tangible Property Tax is a tax levied on all general office furniture and equipment, machinery and tools, equipment used for research and development, heavy construction equipment, computer equipment and peripherals. Even if you have a home-based business, all businesses are required to pay an annual Business Tangible Property Tax. More information and tax forms can be found here. If you have not paid BTP for the past 2 years, please contact Business Taxpayers Services to complete appropriate documents and file forms.
Yes, you can apply but will need to provide proof that you have submitted the required documentation to Taxpayer Services and paid any back taxes for 2018 and 2019.
Contact Taxpayer Services at 703-792-6710 to help facilitate the process. If there is a delay in receiving documentation from Taxpayer Services, we can make the grant contingent upon receiving this information.
Yes, you can still apply but will need to provide records that the previous owners paid both the Business License (if applicable) and the Business Tangible Property Tax. If the previous owners did not pay these taxes, in order to apply for the grant you will be obligated to pay any back taxes. If the back taxes were paid but you don’t have records, you can try calling Taxpayers Services to get that information.
Yes. At the present time it is considered taxable and must be reported on your 2020 taxes.
Yes, if credit card expenses are attributed to COVID-19.
No. Businesses that have received federal SBA funding are still eligible for the grant.
We have a goal of being inclusive and assisting diverse small businesses located throughout the County. The online application includes a question that asks about status of woman-owned, minority-owned and veteran-owned businesses.
Prince William Economic Development is cooperating with a range of County Departments and Community partners to ensure that the program is broadly promoted to hard-to-reach businesses and the application is translated in multiple languages
USE FUNDS: Grant funds must be used for employee salary and benefits and/or other business capital and operating expenses directly related to the immediate impacts of COVID-19 and for no other use. No part of any grant may be used for any activity intended to influence a member of the county board, Prince William County Government or the grant review panel.
MAINTAIN RECORDS: Grant recipients are required to maintain accurate & complete records of how grant funds are used & provide receipts documenting that the funds were used according to the grant specifications.
REPORT DOCUMENTATION: All recipients must complete a final report with documentation of grant use and the impact on your business. Final Report documentation written reports must be submitted to PWC Economic Development in December 2020 and again in June 2021. IF FOLLOW-UP DOCUMENTATION IS NOT PROVIDED, YOU WILL BE REQUIRED TO PAY BACK THE GRANT.
Yes. After all grant applicants have been notified, grant awards will be listed on the Prince William Economic Development website and the County will issue a media release announcing the winners.
Businesses that are not selected to receive funding through the grant program are invited to participate in Prince William County Economic Development’s business recovery and continuity assistance programming. There are also additional resources at PrinceWilliamCounty.biz that can help businesses navigate the next steps.