The Gladstone City Council establishes a CARES Small Business Grant Program, which will be administered by the Clay County EDC. This program will issue $130,000 in grant funds to small businesses in Gladstone. Small businesses can apply for a grant up to $7,500 to reimburse business expenses related to COVID-19.
Small business grant applications are accepted now through Sept. 30.
Eligible businesses include businesses physically located in Gladstone. Businesses must have a valid 2019 business license. Public-facing businesses directly impacted by the stay-at-home orders such as retail, food service, arts and entertainment, hospitality, fitness and personal services. Businesses that do not have current liens or fees owed to the city of Gladstone are eligible as well as businesses or property owners that do not have any code enforcement violations as verified by Community Development.
Those ineligible businesses are: businesses that exceed 50% gross sales of alcohol, tobacco, CBD, vapor or vapor products. Others are consumer marketing, dealers of rare coins or stamps, gambling and adult entertainment, lending and loan packing firms, multi-sales distribution, multi-level marketing schemes, real estate investing firms, religious institutions and speculation-based businesses.
According to the city, priority will be given to businesses that have 20 or fewer full-time equivalent employees; businesses that have $2.5 million or less in annual revenue; or businesses that have not already received Federal COVID-19 relief funds (Payroll Protection Program).
Grant funds can be used for expenses incurred from March 1 to Sept. 30. Expenses can include, but are not limited to payroll, rent, mortgage interest, utilities, inventory replacement and COVID-19 supplies. The grant funding can also be used to purchase necessary protective equipment for employees and customers, as well as exterior and interior cleaning needed to keep facilities sanitize.
Per the city, grant fund expenditures may be audited at a future date. Recipients are encouraged to maintain receipts and other proof of qualified expenditures. Grant fund information is considered public information and can be published.