RISE Phase I – Financial assistance for independent and locally owned businesses located in Irondequoit that have experienced an adverse economic impact due to COVID-19.
The COVID-19 health crisis has created an unprecedented burden on businesses located in the Town of Irondequoit, with the abrupt closing of the nation’s economy. The Town of Irondequoit has created a small business grant program intended to provide working capital for Irondequoit small businesses which have been adversely impacted by the COVID-19 health crisis. The “Revitalizing Irondequoit’s Small business Economy” or RISE program will use supplemental funds to the Town’s Community Development Block Grant (CDBG) made available from the Coronavirus Aid, Relief and Economic Security (CARES) Act.
Funding from the RISE program is not to be used for revenue loss or expenses incurred as a result of the COVID-19 economic shutdown; instead, it should be used for costs necessary to help businesses as they re-open and restore operations. This grant funding is available for businesses that were not allowed to remain open under the NY PAUSE Executive Order, those that experienced severe operations limits under NY Pause guidelines, as well as those that remained open during the COVID-19 economic shutdowns.
|Grant Amounts:||$5,000 - Businesses with over 5 full-time equivalent (FTE) employees|
|$2,500 - Business with 5 or fewer Full-time equivalent (FTE) employees|
In order to receive RISE funds from the Town, a business must:
Ineligible businesses include:
The RISE Grant program is intended to be used for future working capital expenses that are necessary to allow the business to continue its operations, including but not limited to:
Within 12 months, grant awardees must provide documentation to the Town of Irondequoit within 12-months demonstrating that grant funds were used for eligible expenses.
Eligible Applications will be selected based on the following:
This program has limited funding. Applications will be reviewed, and grants will be awarded on a first come, first serve basis.
✓ Complete Business and Business Owner Information. If the application is being completed by anyone other than the owner, please include their name and email in the “Application Representative fields.
✓ Complete each of the Grant Eligibility Questions by answering Yes or No. When asked to provide dates, please be as precise as possible.
Be sure to continue to Page 2 of the application! Only completed applications will be considered for grant awards.
✓ Provide documentation proving the number of FTE employees from your most recent payroll period
✓ Describe your business’s Reported Loss resulting from COVID-19 and provide documentation detailing the Total Dollar Amount. The easiest way to demonstrate reportable losses is by providing comparable documentation from 2019 and 2020 demonstrating year-over-year adverse impact.
✓ Describe the Proposed Expenses for which any grant funding will be used and provide documentation for such expenses. Expense can include utilities, inventory, insurance, rent/mortgage, staff salary/wages, equipment, supplies or contracted services necessary to operate in compliance with state and local social distancing guidelines. Funding may not be used for Ineligible Expenses described above.
✓ Explain how this funding will help you retain jobs, particularly those of low-to-moderate income employees
✓ Sign and Date the Application Certification
✓ Complete the RISE Certification Form by reading, initialing, and dating each of the four sections.
✓ You must also complete the RISE Program Certification for your application to be considered complete!
✓ Read each certification and provide Initials and Date.
✓ Send the Program Application, Program Certification, and any supporting documentation to Alex Hipolito via email (AHipolito@Irondequoit.org) or mail to Town of Irondequoit, 1280 Titus Avenue Rochester NY 14617 C/O Alex Hipolito