ELIGIBILITY REQUIREMENTS AND APPLICATION GUIDELINES
DEADLINE: JUNE 11, 2021
MAXIMUM GRANT PER BUSINESS
- Maximum Grant Per Business: To be determined based on number of qualified applicants.
- If you applied for the first two rounds of the Hotel & Motel Relief Fund Grant, you do not need to reapply.
ELIGIBILITY FOR BUSINESSES AND NOT-FOR-PROFITS
- Must be located in Talbot County.
- Must have been in operation since November 1, 2020.
- Must collect and remit accommodations tax.
- Must be in good standing in the State of Maryland.
- Must not be delinquent on any taxes for the years 2016, 2017, 2018, or 2019.
- Must demonstrate a reduction in year-over-year gross revenue of at least 10% for the period of April 2020 – November 2020 compared to the gross revenue of April 2019 – November 2019 (unless property opened within those dates).
- Must be open to the public for the provision of accommodation by no later than March 31, 2021.
- Must be used for expenses from October 1, 2020, through June 30, 2021.
- No single accommodations provider shall receive more than the maximum amount of $25,000.
- Priority will be given to applicants that have not received prior funding from the COVID-19 Small Business Emergency Loan or Grant Program.
- Normal operating costs such as rent or mortgage, utilities including sewer bills, job training, debt service, or similar costs.
- Purchase of PPE, sanitation services, or other costs related to COVID-19.
- Purchase of equipment and soft goods.
- Infrastructure improvements.
- Technology upgrades not associated with COVID-19.
- Applications will be accepted by the Talbot County Department of Economic Development and Tourism, 11 S. Harrison Street, Easton, MD 21601.
- Completed forms may be submitted online, by mail, and in person.
- Completed application form.
- Description of the adverse impact of COVID-19 on business.
- Explanation of how the funds will be used.
- Line-item budget for requested funds.
- Profit and loss statement comparing the period of April 2020-November 2020 with the period of April 2019-November 2019.
- 2019 or 2020 business tax returns.
- W-9 IRS Form.
- Certification under penalty that all information is correct.
- Final report due 60 days after receipt of funds.
- Must include letter that explains how money was spent, including a list of expenditures, as well as the business progress achieved.
- Must include supporting documentation of expenditures such as copies of invoices and cancelled checks.
- Additional documentation may be required for verification of expenditures.
- Final report subject to audit.
FOR MORE INFORMATION
Contact Cassandra M. Vanhooser, Director, Talbot County Department of Economic Development and Tourism at (410) 770-8000; email email@example.com.