By Mike S Payton, Contributing Reporter
DELRAY BEACH, FLORIDA – This week the Palm Beach County Board of County Commissioners (BCC) announced that they had approved the CARES Restart Business Grants Program on May 15th, to accelerate the reopening of businesses hardest hit by COVID-19.
The $60 million Business Restart Program uses a portion of the county’s $261 million allocation from the Federal CARES Act approved by Congress. The BCC has dedicated $50 million toward businesses with 25 or fewer employees, and $10 million towards businesses with greater than 25 employees.
Robert S Weinroth, County Commissioner – District 4, said, “It is critically important for us to offer these grants to our local businesses to support their efforts to rehire furloughed employees and welcome customers back. Our small businesses are a vital part of our economy and, hopefully, these grants will forestall the possibility that many of these businesses would not be able to reopen.”
The program guidelines, including eligibility criteria, are currently posted on the County’s website. The BCC gave approval for individual grants up to $25,000 to help Palm Beach County businesses forced to close or limit operations and are now planning to “restart” based on the county’s phased opening process.
Commissioner Weinroth explained, “Many smaller businesses found themselves closed out from the CARES Act Paycheck Protection Program and these grants (up to $25,000 per business entity) may be their sole financial lifeline. Our recovery from the economic damage wrought by the pandemic will, hopefully, be expedited by this investment in our local businesses.”
Required documents will include a fully executed application from the county’s online portal, certifications, affirmations and acknowledgements, tax returns, payroll reports, an active Palm Beach County Business Tax Receipt and an active registration on SunBiz. These documents will be required to be uploaded into the system by the applicant.
Interested businesses are encouraged to prepare for the Restart Program Application as they will be processed on a first come, first eligible basis. The online application is expected to launch on Friday, May 22, 2020 at 8AM and will be accessible through the Palm Beach County website.