In order to be eligible for City of Stanwood CRF funds for COVID-19 relief, the following eligibility requirements must be met:
Must be a Stanwood, Washington Business located within the City of Stanwood
º Have been a going-concern for at least six months prior to March 23, 2020
º Provide a registered UBI Number and Stanwood Business License in good
Have their business listed in the Discover Stanwood Camano PLACES business directory on www.discoverstanwoodcamano.com
Businesses must have 15 or fewer employees (including the business owner of 51% ownership)
Businesses must certify at least a 25% reduction in revenue attributable to the COVID-19 pandemic
Must successfully complete the Profit Mastery Program
º A financial management workshop series
º Paid for by the City of Stanwood ($900 value)
Priority will be given to restaurants, retail and other service businesses and non-profits who have a commercial address (home based businesses not eligible).
Eligible expenses include rent, utilities, inventory and equipment, PPE supplies and preparing business for re-opening
COVID-19 is causing a catastrophic economic impact on Stanwood’s small business community. The Stanwood SOARING Small Business Grant Program is a positive step, but it may not provide enough funding for every injured business to receive a grant, nor will it fix all the damage caused to those businesses that receive a grant. Unfortunately, many businesses that qualify and are deserving may not receive a Stanwood SOARING grant. Other small business funding opportunities are available through Snohomish County, the State of Washington or SBA.
The Stanwood SOARING Grant Program is made possible from funding provided by the Federal 2020 CARES Act, and Coronavirus relief Fund (CRF) which allows the City of Stanwood to award grants up to $10,000 to small businesses. The Stanwood City Council authorized use of CRF Funding on May 28, 2020.
Stanwood will receive a total of $210,600 from the CARES Act. All eligible applicants that submit a complete and timely application will have an equal opportunity to receive a grant of up to $10,000 for eligible costs. Priority will be given to assist restaurants, retail, and service businesses with a commercial address.
Applications for CRF funds are available on the City of Stanwood SOARING Grant Program webpage. Applications are also available in alternative formats by contacting the City of Stanwood at firstname.lastname@example.org
The application period will be open from June 15, 2020, through 5 p.m. PDT on June 23, 2020. Screening and award of grants to be completed by June 30, 2020. Grant funds will be distributed July 1 through August 30.
No applications will be accepted after this deadline. Mailed applications must be post-marked in time to be received by the deadline. Applications will not be accepted by e-mail or fax.
City of Stanwood City Administrator, 10220 270th St NW, Stanwood, WA 98292
I certify that the above information is true and correct to the best of my knowledge. I will provide the information required to verify this data (e.g. payroll records, tax filings, account statements, etc.). I understand that the City of Stanwood will rely on the accuracy of the submittals and certifications made in conjunction with this application. Any misrepresentation or inaccurate information may result in disqualification of the grant application, default of the grant, and/or request for repayment of money given.
I hereby certify that the information contained on this form is accurate and complete to the best of my knowledge, under penalty of law and verifiable by federal government representatives.
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