Another $10 million in relief grants will be made available for Lancaster County businesses and organizations through the third round of the Small Business Recovery and Sustainability Fund.
Applications will be accepted Nov. 9 to 5 p.m. Nov. 13 from any Lancaster County-based for-profit, nonprofit or agriculture entity that has experienced “sustained impacts from COVID-19 between.”
The fund is a collaborative effort by the Lancaster Chamber and the Economic Development Company of Lancaster County, which launched in April the Lancaster County Economic Recovery Plan to address the health and economic challenges of area businesses arising out of the COVID-19 pandemic.
Funded with CARES Act relief money and authorized by Lancaster County Commissioners, the grant program is open to organizations with no more than 500 employees that can demonstrate they sustained a revenue loss of 40% or greater when comparing revenue from April through September with 2019 revenue during the same six-month period.
More than $26.7 million has already been distributed to 939 Lancaster County organizations in the first two phases, which took place in July and August. The third phase contains an additional $10 million allocation based on demand, said organizers, who are comprised of local industry and government leaders.
Entities that received funding in either of the first two phases are allowed to apply, although applicants that didn’t receive awards in previous phases will be funded first, according to program details.
The program offers a dedicated minimum amount of $3.5 million for organizations with 20 or fewer employees, according to program details. Allocations will be based on employee headcount and previous years’ reporting expenses.
“While an applicant may qualify for the grant maximum amount, Recovery Lancaster is asking applicants to request only the amount of grant funds needed so that other Lancaster-based businesses can have access to grant funds as well,” according to a program FAQ page. “We are all in this together!”
Applicants will have to supply documentation to eligible: federal tax returns for 2019, payroll reports, W-9 forms and a certification provided by Recovery Lancaster.