SMALL BUSINESS GRANT PROGRAM
The County of Hidalgo has provided the City of Palmview federal CARES Act funds from which the City is utilizing to establish a COVID-19 recovery assistance center in response to the Coronavirus Disease 2019 (COVID-19) pandemic. The purpose of the center is to provide citizens, businesses and others in Palmview, Texas public services directly in response to the pandemic. Deadline to submit is July 31st, 2020 at 5:00 p.m.
The purpose of the Small Business Grant Program (SBGP) is to provide temporary, short-term financial assistance to small businesses located in Palmview, Texas for their operating expenses during the COVID-19 pandemic.
Any Business Entity satisfying the following eligibility requirements may qualify for a grant:
- Date of Existence: Before January 1, 2020
- Location: Within Palmview corporate limits
- Maximum Employees: 20
- Maximum Annual Net Revenues: $100,000
However, the following Business Entities are not eligible for this program:
- Corporate Franchises
- Not for profit corporations
- Residential rentals.
Business Entities will be screened to determine they are not violating any laws regarding:
- Federal/state eligibility
- Criminally liable
- Felonies of moral turpitude
- Conflicts of interest.
Business Entities doing so are ineligible for consideration of a grant award.
Grant proceeds may be used for the following eligible operating expenses:
- Employee payroll
- Mortgage or rental lease payments
- Other eligible expenses
Funds may not be used for:
- Capital expenditures
- Expansion of existing operations
- Personal purposes
The City may award $100,000 in grants to small businesses as follows:
|Grant Type||Annual Net Revenues||Maximum Award|
$ 0 – 49,999
$ 50,000 – 75,000
$ 75,000 – 100,000
Business entities only may receive one (1) award under this program.
The following criteria will be used to prioritize grant fund awards:
- Non-essential businesses adversely affected by the pandemic.
- Businesses which previously have not received any COVID-19 assistance.
- Businesses demonstrating substantial loss of net revenues due to pandemic.
Applications are available at Palmview CARES Center, Palmview City Hall, Palmview Municipal Development District (PMDD) offices and online. Eligible Business Entities must complete, sign, and submit applications and supporting documentation to the Palmview CARES Center or via firstname.lastname@example.org. Incomplete applications will not be processed.
Completed applications and corresponding documentation must be submitted in person to the Palmview CARES Center or via email@example.com. Date and time of submittals will be documented.
Business Entities must answer all questions in application. Incomplete applications (with or without proper documentation) will be rejected, and are ineligible for funding. Business Entities may resubmit a completed application. All submitted documents become the property of the City and will not be returned.
Any City of Palmview resident that has resided in the area before January 1, 2020 and meet 200% of the federal poverty limits.
Anyone who is not within Palmview corporate limits.
Residents will be screened to determine they are not violating any laws regarding:
- 1) Federal/state eligibility
- 2) Criminally liable
- 3) Felonies of moral turpitude
- 4) Nepotism
- 5) Conflicts of interest