DC Small Business Recovery Microgrants

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Resources for DowntownDC small business owners navigating the DC Small Business Recovery Microgrant Program:

On Tuesday, March 24, 2020, Mayor Muriel Bowser announced the DC Small Business Recovery $25 Million Microgrants Program. The Program will offer grants of up to $25,000 to small, local businesses, independent contractors, self-employed individuals, and non-profits to meet their short-term financial needs. The grant can cover employee wages and benefits (including fringe benefits associated with employment, such as health insurance), accounts payable, fixed costs, inventory, rent, and utilities.

Interested applicants must apply before 6:00 PM on Tuesday March, 31, 2020.

Complete information on the Program and application process can be found here: https://coronavirus.dc.gov/dc-small-business-recovery-grants

Step 1: Do you meet the Small Business Administration’s (SBA) definition of a small business?

Identify the NAICS industry title that best categorizes your business type, then identify the specific NAICS code that best describe your business. Each NAICS code specifies size standards in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small.

To save you time, refer to our curated list of industry sectors commonly found in DowntownDC by clicking the button below.

Next, find your business’s specific NAICS code by clicking the button below:

Step 2: Prepare your paperwork

Make sure you prepare the list of documents below before starting your application.  Click here for a guide on how to navigate the application and troubleshooting tips.

For Small Businesses, Independent Contractors, or Self-Employed:
  • Federal Employer Identification Number (EIN) or Social Security Number
  • Documentation of the business owner or owners’ state residency (such as a driver’s license or bill)
  • Payroll or roster of employees and their states of residence (dated for the week prior to March 11, 2020) (if applicable)
  • Financial Documents:
    • 2018 federal tax return (Only applicable if your business was in operation in 2018. Personal returns will be accepted for independent contractors and self-employed individuals.)
    • 2019 income statement showing monthly sales (Feel free to use your format, such as downloading from your accounting software, or use this free template if needed.)
    • 2020 year-to-date (January – March) income statement (Feel free to use your format, such as downloading from your accounting software, or use this free template if needed.)
    • Supporting documentation for potential revenue in April 2020 (such as proof of canceled contracts, revenue-generating events, etc.)
    • Other Supporting Documentation
Non-Profits:
  • Federal Employer Identification Number
  • Payroll or roster of employees and their states of residence (dated for the week prior to March 11, 2020)
  • Financial Documents:
    • 2018 Return of Organization Exempt From Income Tax (Form 990) (If you don’t have these, be prepared to provide an explanation.)
    • 2019 Statement of Activities showing revenues less expenses (You can download this from your accounting software.)
    • 2020 year-to-date statement of activities or other documentation showing revenues less expenses (You can download this from your accounting software.)
    • Verifiable documentation for potential revenue in April 2020 (such as proof of canceled contracts, revenue-generating events, etc.)
  • Other Supporting Documentation
Step 3: Start your application
Do you have questions or need assistance?

DC has provided the below resources to help navigate the microgrant application process. Additionally, DowntownDC staff are ready to answer your questions and help where possible. Please view the below links, and feel free to email retail@downtowndc.org with your questions.

Resources

 DC.gov COVI-19 Business Inquiry Form for questions or assistance: https://app.smartsheet.com/b/form/b25f3250e76d48b298b1807bc4e1bef1

For additional information on business resources, workers relief funds, unemployment benefits, event status and more, visit https://www.downtowndc.org/coronavirus