Grant Details
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COVID-19 Mitigation Grant Program (Tennessee)
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CFDA#
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Funder Type
State Government
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IT Classification
C - Funds little to no technology
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Authority
City of Chattanooga
Summary
$500,000 of the CHA 90-Day Stabilization Fund will create a competitive grant pool that will be used to provide relief to small businesses. The award of grant money will be discretionary and dependent on an evaluation committee that will review applications and make award recommendations.
History of Funding
Awardees can be found at https://connect.chattanooga.gov/wp-content/uploads/2020/05/COVID-19-SMALL-BUSINESS-RELIEF-MITIGATION-GRANT-RECIPIENTS.pdf
Additional Information
Funds can be used as working capital. A business may receive a single COVID-19 grant award.
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Eligibility Details
Preference shown to businesses directly impacted by executive orders issued by the government, including restaurants, barbershops, gyms and fitness centers, beauty salons, nail shops, tanning beds, etc.
- Small businesses eligible for grants must be renting or leasing their spaces from a third party.
- Must have employed 1-50 employees or workers (full time or part time) as of March 1, 2020.
- Business' primary location must be within the Chattanooga city limits.
- Must be located in a commercial space. (Exception: Small businesses that are primarily engaged in childcare or senior care services are allowed to be located within homes.)
- Business must have been located in a commercial space for at least one year.
- Grants available to for-profit businesses only.
- Grants will not be available to businesses that are franchised.
- Grants will not be available to businesses that are affiliated with national or regional brands.
Deadline Details
This program has allocated all funding. No deadline information is available.
Award Details
Businesses that had 1-4 employees as of March 1, 2020 are eligible to receive $2,000. Businesses that had 5 or more employees as of March 1, 2020 are eligible to receive $5,000.
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