Kiester Minnesota

Business Interruption Grant Program
City of Kiester Economic Development Authority (EDA)
OVERVIEW
The City of Kiester has allocated $24,000 in CARES Act Funds to be distributed by the Kiester EDA to small businesses in the form of an economic relief grant. Businesses are eligible for up to $3,000. These funds can be used to provide emergency assistance to businesses who were adversely impacted by the COVID-19 pandemic or mandatory shutdowns.

PROGRAM POLICIES
1. Grants will be awarded to small businesses that prove they were adversely impacted by the COVID-19 pandemic or mandatory shutdowns.
2. Small businesses are defined as having fewer than 50 employees, and less than $5 million in annual revenue.
3. The business must be for-profit, have a physical location in Kiester, and have been in existence before March 15, 2020.
4. Home based businesses are not eligible, with the exception in-home daycare businesses.
5. Only one application per business will be accepted, and businesses are eligible to receive up to $3,000.
6. All awarded grants are subject to an audit.
7. Recipients must comply with all Federal and State CARES Act fund guidelines. They can be found at https://home.treasury.gov/policy-issues/cares.
8. All expenses must have been incurred between March 15, 2020 and November 15, 2020.

9. The City of Kiester EDA reserves the right to change its program guidelines and/or application at any time.
10. The City of Kiester EDA reserves the right to ask for additional information for any reason and to reject or modify any application or portions thereof that do not meet the guidelines or application process requirements. Incomplete applications will not be considered.
Eligible Expenses Ineligible Expenses
• Costs associated with re-opening, such as sanitizer, cleaning products, plexi-glass barriers, and masks
• Costs associated with adapting to COVID-19-related operating restrictions
• Costs associated with operating expenses such as utility bills, mortgage payments, rent payments, payments to suppliers, and spoiled inventory
• Other necessary expenditures as deemed appropriate by the CARES Act, and the City of Kiester EDA • Property taxes
• Any expense that has not been accrued between March 15, 2020 – November 15, 2020
• Any expense not connected directly to COVID-19 response

APPLICATION REVIEW
The grant application review process involves examination of the application including plans and specifications of the project by the Kiester EDA, who will make the final decision on the grant awards.

• Applications will be accepted starting Tuesday, October 13th. Applications should be mailed or delivered to
• The City Clerk on Main Street, Kiester, Mn.

• The first round of applications will be reviewed by the Kiester EDA on October 26th, 2020. To be considered for the October 26th review, applications must be received by October 23rd at 5pm.

• If additional funds are become available or authorized, there will be a second grant review period. Valid applications will be funded in order of receipt. Applications will be awarded until the program cap of $24,000 is reached. Additional applications will be kept in order of receipt should additional funding become available.

Business Interruption Grant Program

City of Kiester Economic Development Authority (EDA)

OVERVIEW

The City of Kiester has allocated $24,000 in CARES Act Funds to be distributed by the Kiester EDA to small businesses in the form of an economic relief grant. Businesses are eligible for up to $3,000. These funds can be used to provide emergency assistance to businesses who were adversely impacted by the COVID-19 pandemic or mandatory shutdowns. Grants will be issued on a first come

-first serve basis.

APPLICANT INFORMATION

Applicant Name:

Business Legal Name:

Physical Address:

Mailing Address (if different):

City:

State:

Zip Code:

Phone:

Email:

Is the business registered with the State of MN?

(Provide proof of registration with your application)

Yes No

Business Legal Structure:

Total Business Loss Since March 15, 2020 ($):

Grant amount requested (up to $3,000):

Number of part time employees:

Number of full-time employees:

Business Description:

______________________________________________________________________________________________

Please describe the direct and indirect ways that COVID-19 has impacted your revenue to-date and projected revenue.

______________________________________________________________________________

STAY AT HOME ORDER

Is your business considered essential, or non-essential?

(Essential businesses were allowed to be open at all times) Essential Non-essential

Was your business closed during COVID-19? Yes No

If your business was closed, how many days were you closed?

Which of the following forms of funding during the COVID-19 has the applicant received?

State of MN Small Business Emergency Loan (SBEL)

Assistance from your municipality

Other: ________________________

Pandemic Unemployment Assistance (PUA)

SBA Paycheck Protection Program (PPP)

Economic Injury Disaster Loan (EIDL)

If any funding was received, how much was awarded? $ ____________________

If you have applied for any other funding, are you awaiting a response?

Yes, _______________________________________________ No

USE OF GRANT FUNDS

Explain how the grant funds would be used. Include dates of bills and amounts. Attach receipts or invoices if available.

Ex. Water Bill, April 1, 2020, June 1, 2020, July 1, 2020 – $350

Ex. Fencing from Menards to construct an outdoor patio – $750

____________________________________________________________________________________________________________

CITY OF KIESTER BUSINESS INTERUPTION GRANT CERTIFICATION

Please read and mark the items below to acknowledge each statement. Missing checks may cause delay or grant declination:

I (we) certify that I (we) have the authority to apply for this grant on behalf of the business that we have described herein.
I (we) certify that the business has been negatively affected by the COVID-19 emergency as described herein.
I (we) certify that the grant funds will be used for authorized business expenses only in accordance with the requirements and restrictions set forth in the CARES Act.
I (we) certify that only one application for this business is being submitted.
I (we) shall cooperate with the City or appropriate officials for grant auditing purposes, as further set forth and described above.
I (we) acknowledge that representations made in this application will be relied on by the City of Kiester EDA in its decision to grant such grant.
The City of Kiester EDA is authorized to make all inquiries it deems necessary to verify the accuracy of the information contained herein.
I (we) will promptly notify the Kiester EDA if any subsequent changes would affect the accuracy of the information in this application.
I (we) understand that it is a crime to make a false representation as to my business’s financial ability for the purpose of securing this grant. The applicant declares under penalty of perjury that all information provided herein is true in every detail and accurately represents the financial condition of the applicant and the business on the date given below.

Signature(s) _____________________________________________________________ Date: ________________

Submit your application to the Kiester City Clerk, Doris Troll, at the City Clerk’s office on Main Street.