Talbot CARES COVID-19 Small Business Emergency Relief Grant Program Is Not Accepting New Applications At This Time

The Talbot CARES COVID-19 Small Business Emergency Relief Grant Program received more than 100 applications and is not accepting new applications at this time.

The program offers up to $10,000 working capital to assist Talbot County small businesses and not-for-profits with disrupted operations caused by COVID-19. The Talbot County Council allocated $1.2 million for this fund. Grants will be awarded on a first-come, first-served basis until funds are depleted. Current applications are being processes.


Eligibility for Businesses and Not-For-Profit Organizations

  • Must be located in Talbot County; applicant must include a current utility bill showing the address of the business.
  • Must have been in operation since January 2020.
  • Must be in good standing in the State of Maryland.
  • Must not be delinquent on any taxes for the years 2016, 2017, or 2018.
  • Limited to organizations with 50 employees or less.
  • Must demonstrate a loss of business revenue of at least 25% related to COVID-19 public health emergency.
  • Must be used for expenses incurred between March 16, 2020, and December 30, 2020.
  • Priority will be given to those businesses that have not already received state and/or federal aid including PPP and EIDL.
  • Special or extraordinary circumstances may be considered when determining eligibility for funds.

Ineligible Businesses

Excluded business operations include real estate investment firms, firms involved in speculative activities, dealers of rare coins and stamps, firms involved in lending activities, pyramid sales plans, firms involved in illegal activities, gambling activities, charitable institutions other than 501(c)3 organizations, government-owned corporations, consumer and marketing cooperatives, and churches and organizations promoting religious objectives.

Qualifying Expenditures

  • Payroll expenses, excluding hazard pay.
  • Rent or mortgage principle and interest payments; excludes property tax.
  • Utility expenses.
  • Business materials or inventory, excluding alcohol.
  • Personal Protective Equipment (PPE) for employees and customers.
  • Sanitizing supplies for use by employees and customers.
  • Disinfecting equipment or services.
  • Equipment related to improvement of business processes needed as a result of COVID-19; examples include touchless faucets and touchless point-of-sale systems.
  • Marketing services specifically related to COVID-19.
  • Similar expenses that occur in the ordinary course of business.

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 and evidence of business disruption. Applicants MUST show evidence of a 25 percent revenue loss, including financial data comparison from January 1, 2020 to current month.
  • Line-item budget for requested funds, including vendor name, address, and telephone number, goods and/or services to be purchased, and amount of purchase. May be quote or invoice, if available.
  • Financial information REQUIRED:
    • Comparative 2019 and 2020 Profit and Loss Statements. (January to current month.)
    • 2019 business tax returns. (Businesses may submit 2018 tax returns AND full 2019 Profit and Loss Statement if 2019 tax return has not been filed.)
    • W-9 IRS Form.
  • Certification under penalty that all information is correct.

Application Process

Applicants will be asked to upload the required documents to the application portal and will be notified when the application and supporting documentation are received. Applicants will also be notified if more information if needed.

Final Report

  • Final report is 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 on the Talbot CARES COVID-19 Small Business Emergency Relief Grant Program, contact Cassandra Vanhooser, Director, Talbot County Department of Economic Development and Tourism at 410-770-8000; email cvanhooser@talbotcountymd.gov.