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