Wellington Business & Non-profit Relief Fund
The Town of Wellington is seeking applicants for our Business & Non-profit Relief Fund and has $250,000 available for businesses and $50,000 available to non-profits. This program is in response to the economic hardships caused by the COVID-19 pandemic and is funded through the Coronavirus Aid, Relief and Economic Security Act ("C.A.R.E.S. Act"). The application link and eligibility requirements are found below.
Applicants will be considered for funding up to $12,000 to assist with unanticipated or outstanding costs associated with the COVID-19 crisis. Additional amounts may be considered dependent on application pools demonstrated need.
The business must demonstrate financial stress or disrupted operations, which may include but are not limited to the following:
- Increased costs related to COVID-19 prevention measures
- Negative shift in normal operating volume
- Notice of disrupted supply network leading to shortage of critical inventory or materials @(Model.BulletStyle == CivicPlus.Entities.Modules.Layout.Enums.BulletStyle.Decimal ? "ol" : "ul")>
- Payroll expenses
- Rent/mortgage/lease payment assistance for real property used for business purposes
- Hardware & software for remote workers
- Personal protection equipment like gloves, masks, hand sanitizer, disinfecting wipes, and plexiglass.
- Updates to heating, ventilation and air conditioning (HVAC) equipment to control air flow and quality, including system upgrades, air filters and purifiers.
- New equipment to facilitate effective sanitation, if needed
- Touchless payment systems
- New infrastructure related to COVID-19
- Other costs not already reimbursed by other business assistance grant programs.
- Additional purposes for restaurants only: funds for websites and applications that accommodate contactless reservations, payments and menus; additional marketing efforts; takeout containers; outdoor tables, chairs, tents, outdoor heaters, railings and more to accommodate outdoor seating; and disposable menu printing, single-use condiments and other items required to comply with new state restaurant guidelines
- Additional purposes for nonprofits only: Rental or utility assistance and/or employee wages, with documentation that the need is the result of COVID-19. @(Model.BulletStyle == CivicPlus.Entities.Modules.Layout.Enums.BulletStyle.Decimal ? "ol" : "ul")>
- Be located in the Wellington Town limits
- Be established prior to February 1, 2020 and hold a valid Wellington business license
- Have 150 or fewer employees (full time and part time combined)
- Have an annualized reduction in revenue of 20% of greater
- Not have any unpaid code enforcement issues or utility liens
- Are expecting to return to full operation after local and state emergency guidelines during COVID-19 are rescinded. @(Model.BulletStyle == CivicPlus.Entities.Modules.Layout.Enums.BulletStyle.Decimal ? "ol" : "ul")>
- Have a program that directly benefits Wellington residents or a main office in Wellington
- Be registered with the Colorado Secretary of State as a 501(c)(3)
- Have an IRS Form 990 from 2018 or 2019 @(Model.BulletStyle == CivicPlus.Entities.Modules.Layout.Enums.BulletStyle.Decimal ? "ol" : "ul")>
- Corporate-owned franchises, unless it is an individually owned franchise operator with 49 or less employees total at all locations and owner is a Colorado resident.
- Business owned or operated by employees of the Town of Wellington, Board of Trustees, or Grants Awards Committee.
- Business involved in real estate investment, multi-level marketing, political organizations/campaigns, adult entertainment or firearms.
- Companies with outstanding local tax liabilities or tax liens as of February 1, 2020, or currently in bankruptcy (corporate or personal)
- Business that have defaulted on a Federal loan or Federally assisted financing
- Primarily engaged in lending.
- A passive business that holds real and/or personal property from which it receives rental income and does not provide sufficient services as to be considered active and is not an Eligible Passive Company.
- Engaged in any illegal activity.
- Principally engaged in teaching, instructing, counseling, or indoctrinating religion or religious beliefs, whether in a religious or secular setting; unless providing direct community support in response to COVID-19.
- Retail Liquor establishments • Marijuana retail and wholesale establishments @(Model.BulletStyle == CivicPlus.Entities.Modules.Layout.Enums.BulletStyle.Decimal ? "ol" : "ul")>
- Receipt of Other Assistance – Priority will be given to businesses that have not previously received other COVID-19 assistance.
- Percent of Revenue Decline – Priority will be given to businesses that have sustained greater revenue decline.
- Gross Annual Revenue – Priority will be given to businesses with annual revenue under $500,000 in 2019.
- Employee Count – Priority will be given to businesses with 10 or fewer employees.
- Use of Funds – The proposed use of funds will be evaluated as part of the selection process.
- Capacity Impacts – Priority will be given to applicants that can demonstrate they have had to reduce their capacity due to a public health order or guideline. @(Model.BulletStyle == CivicPlus.Entities.Modules.Layout.Enums.BulletStyle.Decimal ? "ol" : "ul")>
Application reviewers will determine eligibility and assistance amount. Awards will depend upon the number of applicants, availability of funds, and demonstrated need. Once funding decisions are made, applicants will receive a notification which will outline all terms and conditions of receiving the grant. The program reserves the right to offer assistance different from the specified amount requested.
Allocated assistance may not duplicate needs funded by other programs or grants received by the business/nonprofit. Grant funds will be provided on a reimbursement basis with appropriate documentation. Please be aware that you will need to provide documentation in the form of receipts for all purchases intended to be covered with grant funding if it is awarded.
Businesses that applied for previous local Economic Relief Loans and/or Grant Programs or applied for federal assistance may apply for this program. However, funding for this program may not duplicate needs funded by other programs or grants received by the business/nonprofit. Applicants must acknowledge in the application all other funding received and how that funding is being used.
Should you need help with the application or have questions about the Wellington Business & Non-profit Relief Fund, please contact email@example.com.