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Vienna announces Small Business Relief Fund effort | News, Sports, Jobs

Vienna announces Small Business Relief Fund effort | News, Sports, Jobs 2020-09-29Leave a comment

Vienna proclaims Small Enterprise Aid Fund effort | Information, Sports activities, Jobs

VIENNA — Small companies in Vienna can apply for federal help to assist cope with the results of the COVID-19 pandemic.

The Metropolis of Vienna on Monday introduced the launch of its Small Enterprise Aid Fund Program, with roughly $63,000 in Group Improvement Block Grant funds. It’s supposed to “present short-term working capital for the retention and/or creation of jobs for low-to-moderate revenue individuals” and to assist companies “restart operations after being closed as a result of pandemic,” based on a press launch from town.

Companies throughout the metropolis limits which were in operation since a minimum of March 1, 2019, and had been in good standing with metropolis charges as of Dec. 31, 2019, can apply for the help if they’re owned by a low-to-moderate-income particular person or if a minimum of 51 p.c of their workforce qualifies in that class. Eligible companies should make use of the equal of a minimum of 25 low-to-moderate-income employees, however precedence within the preliminary spherical of purposes might be given to these using 10 or much less.

“Each enterprise on the town is essential to us,” Vienna Mayor Randy Rapp stated. “And the smaller companies are struggling proper now.

“We’re hoping to assist as many as we will with the amount of cash that we’ve acquired to stay,” he stated. “Hopefully this may give them just a little incentive, just a little shot within the arm so to talk, to maintain them in enterprise.”

In the event that they doc the unmet want, companies can obtain as a lot as $10,000 for working capital bills. These can embody lease or required enterprise mortgage funds; wages, taxes and advantages for important workers; regular working prices equivalent to uncooked supplies, meals for eating places or gadgets for retail sale; and working bills like utilities, insurance coverage {and professional} companies.

The town is partnering with the Mid-Ohio Valley Regional Council to manage this system. The council can be helping the Metropolis of Parkersburg with its personal Small Enterprise Aid Fund, introduced final week.

Functions and tips for the Vienna program may be requested through cellphone at 304-422-4993 or electronic mail at ana.ambrose@movrc.org. Functions are due, through mail or electronic mail, to the Regional Council by 10 a.m. Friday, Oct. 16.

Evan Bevins may be reached at ebevins@newsandsentinel.com.

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Vienna Small Enterprise Aid Fund Program

Eligible bills

* Hire or required month-to-month enterprise mortgage funds.

* Wages, taxes and regular advantages for workers important to take care of the enterprise.

* Regular working prices included below “price of products offered” on a enterprise revenue assertion (e.g. uncooked supplies for producers, part items for assemblers, gadgets for resale for retailers, meals for eating places, and so forth.).

* Regular working bills included below “working bills” on a enterprise revenue assertion (e.g. utilities, insurance coverage, skilled companies, and so forth.).

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To qualify, a enterprise should:

* Be positioned in Vienna’s company limits.

* Have been in enterprise since a minimum of March 1, 2019.

* Have been in good standing with relevant metropolis charges as of Dec. 31, 2019.

* Be owned by a low-to-moderate-income (LMI) particular person or make use of, or have beforehand employed, a minimum of 51 p.c LMI employees.

* Make use of the full-time equal of 25 or fewer LMI employees.

* Precedence throughout the first spherical might be given to companies using the full-time equal of 10 or fewer LMI employees.

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For extra info or an utility:

* Name 304-422-4993 or ana.ambrose@movrc.org

* Functions are as a result of Mid-Ohio Valley Regional Council by 10 a.m. Friday, Oct. 16.


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