Virtual Conversation with the Chamber: Small Business Assistance Grants - Collin County
About This Event
Two small business grant programs are launching for Frisco: Collin County and Denton County-based businesses. These small business grant programs are designed to assist businesses that experienced financial hardships due to COVID-19.
Join us as we discuss the Collin County grants with Frisco Mayor, Jeff Cheney, and Frisco Economic Development Corporation President, Ron Patterson. You will have the opportunity to ask questions via chat. You can submit a question in advance by emailing Christopher Lee at clee@friscochamber.com. This event is free, however registration is required to receive Zoom Webinar link.
More information about the Collin County grants:
For Frisco Collin County-Based Businesses:
Beginning June 24, the City of Frisco will launch an economic recovery program for small Frisco businesses (less than 100 employees and less than $15 million in annual revenue per location) located in Collin County that have been impacted by COVID-19. The $3.1 million funding for the program, known as the Frisco/Collin County Small Business Grants Program (SBGP), is provided by Collin County as part of the CARES Act, which was signed into law earlier this year. The City of Frisco has engaged the National Development Council (NDC) as a third-party administrator to manage the application process and disbursement of funds to grant recipients as approved by the City of Frisco.
Applications for Frisco/Collin County SBGP will open on Wednesday, June 24, 2020, at noon and be accepted until Tuesday, June 30, 2020, at noon. Based on financial hardship and the percentage of closure, businesses are eligible to receive up to $50,000, must meet eligibility requirements and must operate in the Collin County portion of the City of Frisco. Some of the allowable expenses are rent, utilities, contract labor, payroll and more. A complete list of criteria, eligibility requirements and program details can be found here. The application will be live at the same link beginning June 24, 2020 at noon.
Grant recipients for the Frisco/Collin County program will be notified by NDC in early July. Funds are expected to be dispersed by mid-July.