Aug 31, 2020
Yes. The receipt of a government grant by a business generally is not excluded from the business’ gross income under the Code and is therefore taxable. However, a grant made by the government of a federally recognized Indian tribe to a member to expand in Indian-owned business on or near…
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Documentation required depends on which grant program for which an application is being submitted. No supporting documentation is required for Small Business Working Capital Grants, Securing Local Food Systems Grants, PPE Procurement Grants or Broadband Partnership Adoption Grants; however, a business can be audited to determine if information such as…
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A separate application will be required for each grant for which a business wishes to be considered.
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Yes. Businesses can apply for any grant for which they meet the basic eligibility requirements.
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Business who have received prior local, state and/or federal funding (including grants and loans) totaling no more than $350,000 are still eligible to receive additional grant funding. Businesses who have received a total of more than $350,000 are not eligible to apply but can file an appeal as part of…
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Yes. Individuals with multiple businesses can apply for funding for each registered business. NOTE: A separate application must be completed for each business to be considered.
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Yes. Franchises are eligible to apply for SPARK economic development and connectivity grants.
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