Your Business: COVID-19 Resources, Loan Options, and Updates Learn More Here

Thank you for your interest in the Pasco Emergency Business Grant. This program is closed and is no longer accepting applications. We are currently in the compliance phase, if you received a grant, please see the information below on how to complete compliance. 

 

Please visit pascoedc.com/COVID-19 for other available programs and resources and COVID-19 updates.

 

Pasco Emergency Business Grant Compliance

Compliance Requirements

  1. Attend a 2-hour free REFOCUS workshop
  2. Support documents for use of grant funds

If you have been awarded the grant, proof of expenditures must be submitted within the six-month compliance period ending December 31, 2020. All supporting documents must equal or exceed total amount of grant funds received and must be submitted in their entirety through one online submission.

SUBMIT DOCUMENTS HERE

Eligible Grant Uses

This is a grant program, so no payback is required. However, funds can only be used for the approved eligible uses listed below. These funds may be considered taxable income, so please contact your financial advisor for guidance. The funds must be used to cover any of the eligible items during March, April, May or June 2020. Proof of expenditures must be submitted during the compliance period.
  • Rent
  • Mortgage 
  • Payroll
  • Utilities
    • Water/Electric/Gas
    • Phone/Internet/Cable

 

Eligible Timeframe for Use (2020)

  • March
  • April
  • May
  • June

 

Supporting Document Requirements

All supporting documents should clearly show the following:
  1. Company name and/or business owner name
  2. Business address
  3. Total amount of the bill or payroll
  4. Dated within the eligibility timeframe of March-June 2020

Below are examples of acceptable supporting documents.

  • Utilities must be monthly statement.
  • Lease/Mortgage agreement summary page. (can be a screenshot, entire document is not necessary)
  • Summary sheet of payroll from quickbooks, payroll company, online bank transfer, etc.
  • If sending copy of check payment - cancelled checks ONLY will be accepted and can only be used for 1099 Employees or Owner Draw for payroll.

 

REFOCUS Workshop

Learn New Ways to Move Your Business Forward
This two–hour virtual workshop will help participants find the focus and clarity needed to shift mindsets and find a new way forward. During the workshop, participants will determine immediate next steps needed to stabilize, re-examine their ventures using the CO.STARTERS Canvas, strategize how to better solve customers’ changing needs, and learn how to adapt or refine their business models.

 

PROGRAM FLYER

FIND AN UPCOMING SESSION

 

 

Additional Questions and Answers

 

1.  Do I have to use the grant only for what I checked off on my application?

No, you can use the grant for any of the four eligible categories listed above. You are not restricted to just what you put on your application.

2.  Do I need to submit proof of payment for my bills?

No, please provide the actual bill as your compliance.

3.  Can I use the grant to pay myself or staff?

Yes, anyone who normally receives regular compensation through payroll would be considered an eligible use of funds.

4.  I usually take personal draws to pay myself, how should I show proof?

A screen shot of the bank transfer from the business account to your personal account, showing the date and amount transferred is acceptable. Owner draws may require proof of a IRS1040 Schedule C form. 

5.  I use my home to run my business, can I pay my home utilities or rent/mortgage with the grant?

Yes, if your home and home utilities are your primary support of your business operations, the grant may be used for those bills.  However, you may not claim both commercial rent/mortgage and your residential rent/mortgage.

6.  Can I mail in my support documents?

No, all compliance documents must be submitted in their entirety through the electronic portal provided.

7.  Is this considered taxable income?

These funds may be considered taxable income, so please contact your financial advisor for guidance. A 1099 will be mailed to your company as required by the IRS no later than January 2021.            

8.   What if I didn't use all of the funds, or no longer need them all?

Excess funds need to be returned via check by December 1, 2020 to:

Pasco Economic Development Council

16506 Pointe Village Drive Suite 101

Lutz, Florida 33558

9. How can I show I took the REFOCUS class?

Once you register through our website and log on to your scheduled session, attendance will be taken during all REFOCUS sessions to verify compliance. 

 

If you have additional questions or concerns, please email info@pascoedc.com.


Pasco Emergency Business Grant

Immediate grants up to $5,000 to be awarded to small businesses 

 

The Pasco Economic Development Council (Pasco EDC) has partnered with Pasco County to provide a RELIEF grant to small businesses impacted by COVID-19 brought to you by Penny for Pasco. The Pasco Emergency Business Grant is an emergency grant up to the amount of $5,000 to support small businesses and the local Pasco County economy.

This emergency grant is expected to provide support to 400 Pasco County small businesses. The goal of the grant program is to help offset the temporary loss of revenue and help keep small businesses open after this global pandemic.

 

Eligibility

Small businesses located in Pasco County with up to 25 employees. This program provides grants (not loans) up to the amount of $5,000 to eligible businesses.

 

Ineligible Businesses

  • Cannot be engaged in any illegal activity (as defined by Federal guidelines)
  • No principal of the business is delinquent on child support obligations
  • Business does not present live performances of a prurient sexual nature or derive directly or indirectly more than de minimis gross revenue through the sale of products or services, or the presentation of any depictions or displays, of a prurient sexual nature
  • Business does not derive more than one-third of gross annual revenue from legal gambling activities
 

Applicant Criteria

  • Pasco registered business in operation as of March 1, 2020
  • Owner must be Pasco County resident

  • 1- 25 employees (Part-time and 1099 employees must be included)
  • Business must have applied for Federal Disaster Loan Funding
  • Business and business owner must be in good standing i.e. no active judgements, liens, bankruptcies, arbitration settlements requiring withholding of funds, convicted felons, violation of court orders requiring holding of funds for child support, court costs or criminal victim reimbursement programs

Eligible Grant Uses

This is a grant program, so no payback is required. However, funds can only be used for the approved eligible uses listed below. These funds may be considered taxable income, so please contact your tax professional for guidance. The funds must be used to cover any of the eligible items during March, April, May or June 2020.

  • Rent
  • Mortgage
  • Utilities
  • Payroll

Proof of expenditures must be submitted during the compliance period.

Application Requirements

  • State of Florida business registration from the Florida Division of Corporation (showing the business is registered in Pasco County)
  • Copy of driver’s license or state ID proving Pasco County residency
  • Pasco County Business Tax Receipt (formerly known as Occupational License)

  • Proof of application for Federal Disaster Loan Funding
  • Full employee list as of March 1, 2020

 

Grant Compliance

Grant recipients must submit supporting documentation and attend a 2-hour free REFOCUS workshop within six months as part of the compliance requirement. The workshop will be offered virtually several times per month.  
 

Additional Questions and Answers

 

1.  How is the employee count determined?

The 1-25 employee count is determined by the total number of employees, which includes full-time and part-time employees, as well as 1099’s.

2.  I have multiple businesses, is there a cap to what I can receive?

Yes. The cap is $10,000.00, for two eligible businesses.

3.  How do I find my active business registration?

Search by “Entity Name” here on SunBiz.org (use full legal business name), select listing with “Active” Status, and attach most recent filing as a screenshot. If not required to register with Florida Division of Corporations, attach documentation showing the business meets all regulatory requirements from Pasco County.

4.  How will I submit my documents to you?

Clearly legible scans, photos and screen shots of the required documents can be uploaded.

5.  What are the Federal loans I need to have applied for before I can apply for this grant?

Below are some of the popular loans that are currently available, if you have applied for a loan that is not listed please provide more information on the loan type, lender name, length of loan, etc.

Examples of loans: Paycheck Protection Program, Economic Injury Disaster Loan, Main Street Lending Program

6.  Will my business be eligible to receive funds from the Federal CARES program if I receive funds from this program?

Yes. This is a grant program, not a loan or other type of credit that requires repayment by the recipient. While certain Federal and State lending programs may have limitations regarding an applicant’s access to credit elsewhere, the Pasco Emergency Business Grant is not a loan.

Please see pascoedc.com/COVID-19 for additional business resources.

7.  Can non-profit organizations apply?

The Pasco Emergency Business Grant has not created an eligibility based on tax filing status. Both for profit and non-profits may apply but must meet program eligibility requirements.

8.  Are homebased businesses eligible to apply?

Yes. At this time, homebased businesses are eligible as long as the funds are used for eligible items.

9.  What if my business operates in Pasco County, but is foreign-owned?

Foreign-owned companies can apply as long as they are registered in Sunbiz as Pasco business and meet other qualifications.

10.  What happens if I do not include all of the required documents when I submit my application?

Only submit your application when you are able to provide the required documents. Applications will only be considered when they are submitted in their entirety.

11.  Can I apply in person or by mail?

No. The application must be completed online and submitted once you are able to provide all of the required documents.

12.  What happens if I’m awarded this grant?

We will contact you to collect your U.S. based bank routing and account number and W9. The funds will be transferred directly into your business account.

DOWNLOAD PDF OF PROGRAM INFORMATION


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