The City of Deerfield Beach is launching a COVID-19 Micro Enterprise Grant Assistance Program designed to support small businesses located within the City of Deerfield Beach during the COVID-19 pandemic.
The grant program will provide businesses up to $5,000.00 in financial assistance utilizing Community Development Block Grant (CDBG) funds. Assistance is to support businesses in meeting basic obligations such as business lease or mortgage payments, utility payments, monthly debt payments, business payroll, business inventory expenses to remain viable, and to encourage businesses to maintain their labor force.
Micro-Enterprise businesses are considered businesses with 5 or fewer employees including the owner. Income restrictions apply for this grant, the business owner must be low-to-moderate income or 51% of the employees must be low-to-moderate income.
The application will be available Wednesday, May 27, 2020, on the city’s webpage at http://www.deerfield-beach.com/1600/Economic-Development. Required documents for applications include:
2018 or most recent Federal Tax Returns
2020 internally prepared financials through 2/29/20
Copy of lease agreement or most current mortgage payment receipt
Copy of 3 most current business bank statements
For additional information, please contact the Economic Development Department at (954)395-6051 or GChazu@deerfield-beach.com.