Thank you to the Commerce team, including my two colleagues have included Jesse of the Corporation, Our Commerce Board, and of course, Governor Raimondo and we'll see you all again soon. Income statement demonstrating your revenue for Q2 (April – June) of 2020 and Q2 (April – June) of 2019. Although grant applications are not yet available, we wanted you to be ready to apply, should you qualify, when the application does become accessible on Monday August 3, 2020. Before beginning, please review program guidelines and check eligibility on commerceri.com. Sole proprietors with at least one employee are also eligible to apply. Once the application period begins, you will be able to complete the pre-qualification form online. I don’t have access to a scanner. Why aren’t they eligible?Rhode Island has set aside additional funding for non-profit organizations, which will be facilitated through a separate program. The Restore RI grant program is targeted towards the businesses that have been most impacted by the COVID-19 crisis. *Update: The Restore RI Grant Program is … Some highlights of the new proposal: Five-year COVID-19-related liability protections for businesses, health care providers and schools. Final grant amounts for those eligible to receive an award greater than $5,000 will be determined based on a showing of eligible expenses up to the maximum award your business is eligible to receive. Once all documents and questions have been completed, you can submit your application. source: RI Office of Lt. Nancy Lavin. For those businesses that have been open for less than one year, the applicant must show revenue loss between the first and second quarter of 2020 (January – March 2020 vs. April – June 2020). Upcoming Zoom Help Sessions: Led by members of the Commerce team, these Zoom sessions will help walk you through common questions as well as more in-depth topics. $100 billion or more for the Paycheck Protection … The following information may be useful to help you understand the process and to enable you to begin preparing application materials. Applicants who have already received Restore grants and have expenses not covered under their original grant application will be eligible to request additional funding under a streamlined process. RI Restoration is a leading restoration company in RI. Restore RI was a Rhode Island Commerce business assistance program targeted at businesses that have been most impacted by the COVID-19 crisis. By. ), Supplies or equipment (such as cleaning supplies, masks, gloves, hand sanitizer, face shields, etc), Professional services procured (such as the signage design, construction of space adaptations), Inventory (such as food or perishable supplies). Commerce RI: Restore RI Grant Program. Applications will be time-stamped when completed and will be reviewed on a first come, first served basis. Chamber President Laurie White spoke with Rhode Island Secretary of Commerce Stefan Pryor about the state's Restore RI grant program. Applications will be time-stamped upon receipt. These expenses include but are not limited to: lobbying activities; donating to a political party; donating to a political action committee or group; use of funds in support of (or in opposition to) a referendum or initiative petition; and. Eligible businesses could receive grants of up to $30,000. For any additional questions about the Restore RI program or application, please contact the RI Commerce Small Business Hotline at (401) 521-HELP or email info@commerceri.com. Plafond du Programme . If my business is part of a regional or national franchise, am I eligible? Restore RI Grant Adjustment Request Form - Streamlined. Chamber President Laurie White spoke with Rhode Island Secretary of The Restore RI grant program is temporarily paused and will be expanding next week. Note that restaurants and caterers are not subject to the 20-FTE limit. What You Need to Know About two Commerce RI Grant Programs: Restore Rhode Island and Take It Outside . Businesses that require assistance may contact the Rhode Island Commerce Small Business Hotline by clicking here. How soon do the funds start flowing?We expect funds to start flowing within 30 days of receiving a completed application. The Restore RI Grant is targeted at small businesses that have been most severely impacted by the COVID-19 pandemic. As the state's economic development agency, we … Eligible … Black means: All persons having origins in any of the Black racial groups of Africa, including, but not limited to, African Americans, and all persons having origins in any of the original peoples of the Cape Verdean Islands. Home; Services. Governor Dan McKee today sent a letter to Governor Gina Raimondo and Commerce Secretary Stefan Pryor calling for immediate changes to the Restore RI small business grant program to ensure local businesses receive funds before the December 30, 2020 CARES Act deadline. American Indian or Native American means: all persons having origins in any of the original peoples of North America and who are recognized as an Indian by a tribe or tribal organization. Businesses will need to demonstrate at least 30% revenue loss if they are in a severely-impacted industry or at least 50% revenue loss for other eligible industries. Raimondo Administration Rolls out Restore RI Grant Program Detailed Eligibility Information Available Later on www.CommerceRI.com Grants will be available for up to $15,000 for eligible Rhode Island businesses impacted by COVID-19. Governor Advocate • Innovate • Connect • Enhance . Or your application? Raimondo Administration Rolls out Restore RI Grant Program Detailed Eligibility Information Available Later on www.CommerceRI.com Grants will be available for up to $15,000 for eligible Rhode Island businesses impacted by COVID-19. Operates primarily in an eligible industry; Experienced a revenue loss due to COVID-19 equal to or greater than: (1) 30% if the business is in a severely-impacted industry (defined as retail trades; scenic & sightseeing transportation; arts, entertainment, and recreation; accommodation and food services; and personal care services); or (2) 50% if the business is in a non-severely impacted industry; Has at least one employee for which direct payroll taxes are paid, in addition to the owner; Not a non-profit or tax-exempt organization; Has not declared bankruptcy within the past three years; Does not have any federal, state or local tax liens; Had been in operation prior to or on January 1, 2020; Currently open or has a plan to reopen in the next 60 days*; and, For a business that is part of a regional or national franchise with locations outside of Rhode Island, if any of the following apply, the business is. As for ongoing grant relief programs, Commerce RI has extended the deadline for businesses to apply to the Restore RI grant program. Restore RI Application Assistance Request. Once you have submitted an application, documentation will be reviewed. If you do not have eligible expenses that total or exceed the value of the grant award you are eligible to receive, your grant award will be reduced. An eligible expense template is available here (link will download an excel file) and the completed file is a required component of the application. Commerce RI tells GoLocal that the $50 million Restore RI small business grant program is being significantly expanded -- more businesses will be eligible and will … Within two business days, eligible applicants will receive a follow up email from their processor at CRF with a link to create an account for completing Step 2 of the application. Based on this review, your grant will be sized based on the expense information submitted. Maximum grant amount per business is $15,000 or $12,500 in other eligible industries. Hispanic means: All persons having their origins in any of the Spanish-speaking peoples of Mexico, Puerto Rico, Cuba, Central or South America, or the Caribbean Islands. Eskimo or Aleut means: All persons having origins in any of the peoples of Northern Canada, Greenland, Alaska, and Eastern Siberia.
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