The Maricopa County Small Business Relief Program’s Phase 1 closed July 31.
But the $23 million program is not done and is entering a new phase the county says will enable more local businesses and nonprofits to get reimbursed for financial losses incurred during the pandemic.
“More than 300 businesses and nonprofits received grants during phase one of the program in July,” said Board of Supervisors Chairman Clint Hickman, District 4. “Now we want to open up this financial assistance to more organizations that have suffered financial losses during the pandemic, because the success of our small-business community is crucial to a full economic recovery.”
The Board of Supervisors allocated $23 million in federal CARES Act funding for small business assistance. Approximately $2.4 million has been dispersed to date through the Small Business Relief Program.
Through Oct. 2, applications will be accepted for an expanded version of the program.
•Raising the maximum grant amount from $10,000 to $25,000.
•Expanded time frame of eligible lost revenues.
•Raising the ceiling on the maximum number of employees and gross sales a qualifying business or nonprofit can have.
•Removing certain pre-qualifications.
Maricopa County is partnering with the Arizona Community Foundation to administer the program. Grants will be provided on a rolling, first-come, first-served basis until funding is exhausted or the grant period closes.
For more information about the Small Business Relief Program, including application materials and requirements, visit azfoundation.org/maricoparelief.