7.8. EDSR 08-17-2020 - Laserfiche WebLink

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Lakeville • Eligibility o Locally owned and operated for-profit business with physical establishment in the City of Lakeville. o At least one employee in addition to owner as of 3.1.20 and not more than 25 FTEs, and under $1 million in annual revenue. o Been in operation as of 12.1.19. o Licensed, in good standing, current on property taxes prior to 7.15.20. o Must be able to demonstrate a significant loss in revenue since 3.15.20. • Exclusions o Home-based businesses, except in-home childcare. o Nonprofits. o Corporate-owned chains (franchises ok). o Those receiving aid under pandemic assistance program o Businesses in default conditions prior to 2.29.20. o Businesses that primarily derive income from gambling. o Businesses that derive entertainment from adult entertainment. o Businesses that derive income from passive investments; property rentals or management; billboards; lobbying. o No duplicative aid for those receiving funds from Dakota County CDA funds or State of Minnesota funds. • Aid o Grants of up to $10,000. • Restrictions • Process 0 10-day application window, not first-come, first-serve basis o If eligible and approved, applicants must submit 2019 tax return and evidence of revenue loss related to Covid-19. Suggestions are sales tax reporting, period statements, merchant services statements, and point of sale register reports. This must be done within 10 days after selection. Also evidence of employment prior to 3.1.20. • Application o Online application (haps://www.lakevillemn.gov/FormCenter/Communications- 5/Small-Business-Emergency-Grant-Program-A-118). • Enforcement o No enforcement listed in documents reviewed. Burnsville • Eligibility o Private, for-profit businesses located and operated in Burnsville.