As of 6 PM, PST, August 21, 2020 — The application for the Milpitas Microenterprise Grant Program will be closed. Thank you.
MILPITAS MICROENTERPRISE GRANT PROGRAM (Closed)
The Milpitas City Council approved a $200,000 microenterprise grant program to assist local businesses with financial assistance during the current economic devastation due to the COVID-19 pandemic. Microenterprise businesses (1-5 employees) that meet all eligibility criteria may apply for grants of up to $5,000.
The City of Milpitas is partnering with Enterprise Foundation and the Silicon Valley Small Business Development Center as the fiscal agent and administrators of the Milpitas Microenterprise Grant Program.
The grant program is being funded through the federal program known as Community Development Block Grant (CDBG). In order to meet the National Objective for the U.S. Department of Housing and Urban Development and CDBG, microenterprise business owners must be living in Low to Moderate Income (LMI) qualified households. The CDBG funding of $200,000 will result in 38 independent grants of $5,000 each to microenterprise business. The City of Milpitas will pay a 5% Administration Fee to Enterprise Foundation for fiscal agent and administration services. Therefore, there will be $190,000 available for the grant program (38 - $5,000 grants).
Important Milpitas Microenterprise Grant Program Dates:
Grant application period begins on August 14, 2020 at noon
Grant application submittal deadline is August 21, 2020 at 6:00 pm (closed)
The Lottery to select successful applicants will be held on August 31, 2020. Time to be determined.
如果你需要任何中文帮助，请点击这里. 电话：650-382-1118 Victoria (唯红) Bracha.
Si necesitas ayuda para completar esta aplicación en español puedes contactar a Connie Madrigal, (408) 385-9800, firstname.lastname@example.org. Si necesitas de información adicional puedes encontrarla consultando el siguiente enlace www.sbdchc.org.
Nếu quý vị cần giúp đỡ điền đơn bằng tiếng Việt, xin liên lạc Nga Nguyen, Phone: 408-699-7825, Email: email@example.com. Thông tin được bổ sung bởi hệ thống nhấn nút trên trang web tại www.sbdchc.org.
Eligibility Criteria for the Milpitas Microenterprise Grant Program
$5,000 grants to qualified applicants based on CDBG requirements; Businesses must have operated in Milpitas prior to March 16, 2017;
Retail, restaurants, service sector and “Mom and Pop” businesses with physical storefronts;
Applicants cannot exceed $2M in net adjusted income for calendar years 2018 and 2019;
Maintain an active business license and demonstrate good standing with the City of Milpitas and California Labor Commissioner’s Office;
Funds may be used for rent/mortgage, payroll, operating expenses for products or services in Milpitas.
Application Evaluation Criteria
All completed applications that meet the eligibility criteria and guidelines will be reviewed and deemed complete before entered into a Lottery system. The Lottery system will be used to randomly select grant recipients. The Lottery will be held on August 31, 2020, time to be determined.
Community Development Block Grant (CDBG)
In order to meet a National Objective under Economic Development activities, the City of Milpitas’ CDBG funds must be used to benefit Low- and Moderate-Income persons (LMI). LMI persons are individuals who earn at or less than 80% of the area median income.
The table on the Milpitas Microenterprise Grant Program Application outlines the 2020 U.S. Department of Housing and Urban Development (HUD) income limits for LMI households, adjusted by family size. Please review before formally applying.
Silicon Valley Small Business Development Center
The Milpitas Microenterprise Grant Program is designed to ensure your business succeeds with vital business resources. The City of Milpitas is partnering with the Silicon Valley Small Business Development Center (SV SBDC) to provide successful applicants with additional assistance and resources including, but not limited to, funding, marketing assistance, human resource/employee guidance and overall management to reduce costs and improve efficiencies.
The free assistance and resources provided by SV SBDC services can:
Help you get traditional bank or alternative funding;
Provide marketing strategies to encourage your customers to return;
Offer guidance on employee-related issues and suggest ways to cut costs and improve profitability.