Small Business Grant
ROUND TWO OF COVID-19 SMALL BUSINESS SUPPORT GRANTS/CDBG-CV FUNDING ANNOUNCED: APPLICATION PERIOD RUNS FROM JULY 20TH THRU JULY 31ST:
The City of DeSoto has received access to funds through the CARES Act that are required to be used to prevent, prepare for, or to respond to job loss and impacts related to Coronavirus (COVID-19) restrictions. One Round of grant applications has been completed and another has just been announced.
The CARES Act provided the City with $182,823 in Community Development Block Grant Coronavirus (CDBG-CV) funds from the Department of Housing & Urban Development (HUD) and these funds will be paired with a matching $182,823 contribution from the DeSoto Economic Development Corporation (DEDC). This combined funding will become the basis for the COVID-19 SMALL BUSINESS SUPPORT GRANT PROGRAM.
The City opened up round one and 88 applications were received and 52 DeSoto small businesses were pre-approved to receive a combined $210,000 in grant funding to be awarded once all required final documentation is received. Once these 52 businesses receive funding, the Small Business Grant Program will have a remaining balance of approximately $157,000 to assist another 31 DeSoto small businesses.
The City will open Round Two July 20 and will be open through the end of Business day on July 31. Applications will be available on the City of DeSoto Website at www.desototexas.gov/SmallBusinessGrant or can be requested at 972-230-9694. Electronic or hard copies of the completed application must be submitted no later than Friday, July 31, 2020, by 4:00 PM. Because social distancing efforts are in place at all City office locations, delivery of your application can be delayed. Therefore, all applicants are encouraged to submit their applications well in advance of the due date.
Questions and comments regarding the CDBG-CV program and application must be submitted to email@example.com. City staff will respond as quickly as possible and will post frequently asked questions (FAQ) and the associated responses on the City’s website.