The grant will provide reimbursement for a portion of specific eligible expenses incurred by businesses in these industries between March 1 and Sept. 30, 2020.
The program will utilize $50 million in CARES Act funds for Arkansas businesses in these industries significantly impacted by the COVID-19 public health emergency. Arkansas small businesses having 250, or fewer, full-time employees located in Arkansas may seek reimbursement for expenses associated with COVID-19 mitigation or certain listed business interruption expenses due directly to local, state or federal government COVID-19 directives. Grants can be for up to $250,000 each.
Applicants will have plenty of time to plan an application with a Facebook Live question and answer session the week of Nov. 2 and an applicant help phone line opening on Nov. 9, one week before the application period opens. All applications will be done online. A link to the application will be posted on www.ArkansasReady.com. An applicant checklist and FAQs regarding the grant can be accessed here: https://arkansasready.com/news/
The grant application period will open Monday, Nov. 16, and close Wednesday, Nov. 25. Grants will be awarded on a prorated basis depending on the total number of applicants and the amount of reimbursement requested. The program anticipates making grant awards in late December.