Lake and Sumter Style Magazine
4:02 am EDT
Monday, October 26, 2020

CARES Act funding expands to assist businesses, residents

 

The eligibility criteria for businesses to obtain funding from the $16 million Lake CARES Small Business Assistance Grant Program will be expanded on Sept. 8 as the program moves into Phase II, according to a news release from county officials.

In addition to accepting applications from qualifying for-profit businesses deemed “non-essential,” qualifying non-profit organizations and Chambers of Commerce in Lake County, applications will begin being accepted from qualifying businesses impacted by COVID-19 that were deemed “essential.” The expanded criteria will include the following:

  • Eligible businesses and organizations: essential and non-essential for-profit businesses, non-profit (501c3) organizations and Chambers of Commerce.
  • Awards to qualified businesses and organizations will range from $2,000 to $10,000 as follows:
    • Self-employed / sole proprietor: $2,000
    • Businesses with 2-9 employees: $5,000
    • Businesses with 10-50 employees: $7,500
    • Businesses with more than 50 employees: $10,000
    • Non-profit’s and Chambers of Commerce (no employee requirement): $5,000

 

Applications for Phase II will be accepted from Sept. 8 to Sept. 22 at 5 p.m. Current eligibility requirements are at www.elevatelake.com/reopen#cares.

The Coronavirus Relief Fund Housing Assistance Program began accepting applications on Aug. 10 for individuals and families to receive assistance with past due rental, mortgage, and utility bills, utilizing $2 million in state and federal dollars allocated to Lake County. The program provides up to $3,000 per household. Lake County received more than 1,000 applications for the program. The deadline to submit an application at lakecountyfl.submittable.com/submit is Sept. 11. Applications are processed on a first come, first served basis. Applicants not receiving an award before the program’s funding is depleted will remain on file for processing if the program receives additional funds.

The County is preparing the plan on how to most effectively allocate an additional $48 million in CARES Act funding allocated to Lake County to reach as many segments of the community as possible within the Federal and State parameters. The focus is on assisting more businesses and residents, while also potentially providing workforce and education assistance, enhancing EMS communications infrastructure and assisting local governments.

Step-by-step instructions, frequently asked questions, and eligibility criteria are available at www.ReopenLake.com to help guide applicants through the process. Additionally, the CARES Act program helpline is available Monday through Friday from 8:30 a.m. to 4 p.m. at (352) 268-9299.

 

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