ELIGIBILITY REQUIREMENTS AND APPLICATION GUIDELINES

MAXIMUM GRANT PER BUSINESS

  • Maximum Grant Per Business: To be determined based on number of qualified applicants.

ELIGIBILITY FOR BUSINESSES AND NOT-FOR-PROFITS

  • Must be located in Talbot County.
  • Must have been in operation since April 1, 2019.
  • 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 offer a minimum number of rooms for the purpose of accommodations: 5 for B&Bs and 10 for all others.
  • Must demonstrate a reduction in year-over-year gross revenue of at least 25% for the period of April 2020 – November 2020 compared to the gross revenue of April 2019 – November 2019.
  • 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 April 30, 2021.
  • No single accommodations provider shall receive more than the maximum amount of $48,633.33.

QUALIFYING EXPENDITURES

  • 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.

PROHIBITED EXPENDITURES

  • Purchase of equipment and soft goods.
  • Infrastructure improvements.
  • Technology upgrades.

APPLICATION PROCESS

  • Applications can be found online at TalbotWorks.org and will be accepted until January 29, 2021.

APPLICATION DOCUMENTS

  • Completed application form including name, address, phone number, EIN, business type, number of employees, and other business details.
  • Description of the adverse impact of COVID-19 on business.
  • Explanation of how the funds will be used.
  • Proposed budget for requested funds, including quotes or invoices, if available.
  • Profit and loss statement comparing the period of April 2020-November 2020 with the period of April 2019-November 2019.
  • 2019 business tax returns.
  • Signed W-9 IRS Form.
  • Certification under penalty that all information is correct.

FINAL REPORT

  • 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 cvanhooser@talbotcountymd.gov.