Small Business Relief Micro-Grant

Financial grants of up to $50,000 for small businesses and non-profits impacted by the COVID-19 pandemic.

APPLICATION IS NOW CLOSED

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:

  • $2,500 - Non-profits and Home-Based businesses
  • $7,500 - Businesses with 1-20 employees
  • $10,000 - Businesses with 21-50 employees
  • $25,000 - Businesses with 51-100 employees
  • $50,000 - Businesses with 101-250 employees

ELIGIBILITY REQUIREMENTS

To be eligible for a Prince William Small Business Relief Micro-Grant, applicants must:    

  • Be a For-Profit or 501c3 non-profit organization
  • Have gross revenue under $5M for 2019 calendar year
  • Have been operational in Prince William County for two years as of application date
  • Must have one or more physical locations in Prince William County, including the principal place of business
  • Businesses with multiple physical locations in PWC can now apply for each individual business entity. Must have separate entities filed with the Virginia State Corporation Commission.
  • Experienced at least a 25% decline in gross revenues attributable to the COVID-19 pandemic and must document this gross revenue decline in financial section of application

Additional requirements for verification: 

  • Have a current Prince William County Business License (if applicable — Businesses that have gross receipts less than $500,000 are not required to have a Business License); 
  • Be current on Prince William County taxes obligations prior to March 1, 2020
  • Complete an online application form, certify that all answers are true and accurate, provide completed IRS forms and financial documentation, certify that business’s revenue and projected impact related to COVID-19, and agree to the application’s terms and conditions 
  • Have Virginia SCC Active registration in PWC for: franchises, securities, broker-dealer, broker-dealer agent, investment advisor https://www.scc.virginia.gov/pages/Registration

The Following Businesses are Ineligible: 

  • Banks and financial institutions 
  • Vape and tobacco retailers 
  • Adult entertainment businesses

FREQUENTLY ASKED QUESTIONS

How do I show that my business experienced a 25% decline in revenue attributable to the COVID-19 pandemic?

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.

I ALREADY RECEIVED THE PWC SMALL BUSINESS MICRO-GRANT. AM I ELIGIBLE TO APPLY FOR ADDITIONAL FUNDS?

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.

I AM AN INDEPENDENT CONTRACTOR. AM I ELIGIBLE FOR THIS GRANT?

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.

What is Business Tangible Tax?

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.

I just found out that I need a Business License and Business Tangible Property tax and have never paid it in the past, can I still apply?

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.

My business has been operating for more than two years, but I only bought the business last year, can I still apply?

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.

 

If my organization gets a grant, will it be taxable?

Yes. At the present time it is considered taxable and must be reported on your 2020 taxes.

Can grant funds be used for paying down credit cards?

Yes, if credit card expenses are attributed to COVID-19.

I received federal assistance through the SBA. Does that affect my eligibility for receiving the grant?

No. Businesses that have received federal SBA funding are still eligible for the grant.

How has the County incorporated equity principals into the grant process?
  • 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

Do I have to do anything after I’m awarded a grant?
  • 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.

Will the County publicize the names of the companies awarded a 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.

What if I don’t receive any grant funding and I really need help?

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.

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