Live Oak Business Assistance Grant - COVID-19
Live Oak Economic Development Corporation Grant Assistance Program for Live Oak Businesses Suffering from Losses due to COVID-19
Small businesses in the City of Live Oak, like small businesses throughout the country, are suffering financial hardships as a result of the COVID-19 pandemic. As a result, many small businesses will experience significant revenue losses. Recognizing the unprecedented financial impacts to the local economy and to our community’s small businesses, the Live Oak City Council and Economic Development Corporation has approved an initial funding of $300,000 to establish the Business Assistance Grant program. As part of an overall strategic priority of fostering economic vitality, the City Council & LOEDC adopted a goal to strengthen the City’s employment base. We feel strongly that the Live Oak business community now needs our support during this extraordinary health crisis. Developed by the City Council and Live Oak Economic Development Corporation, (LOEDC), the grant will provide short-term, immediate financial aid to small businesses who meet certain criteria and have sustained economic losses due to the COVID-19 pandemic. Providing a maximum award total of $5,000 per business, applicants may qualify for grant funds in two categories: Lease/Mortgage Assistance, Payroll Assistance.
Qualifying criteria includes but is not limited to:
- Must be a locally owned, independent business responsible for all revenues and expenses.
- Must have 50 or fewer FTE (Full time equivalent) for payroll as of April 1, 2020.
- Must have a current or anticipated revenue decline beginning March 1, 2020 resulting from COVID-19 impacts.
- district with a valid Certificate of Occupancy.
- Must have been in continuous operation for a period of at least six months prior to the application date.
- Cannot be a home-based business
“On behalf of the Live Oak City Council and the Live Oak Economic Development Corporation, we want to thank each of you for your dedication during this unprecedented time. This program will allow small business owners to retain employees and make their lease payments.
Funding is available on a first come, first serve basis, applications will be accepted beginning at 12:00 pm. April 29th through 5:00pm May 8th. Contact staff at 210-653-9140, ext. 2219 or 2286.