Arkansas Business INTERRUPTION grant
A new grant program is available for Arkansas Business in the
PERSONAL CARE, TOURISM, TRAVEL, RECREATION AND HOSPITALITY INDUSTRIES.
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 provide a direct grant opportunity to
Arkansas small businesses having 250, or fewer, full time employees
located in Arkansas for expenses associated with COVID-19 mitigation and
for certain listed business interruption expenses
due directly to local, state, or federal government COVID-19
directives and arising through no fault of the business.
PERSONAL CARE, TOURISM, TRAVEL, RECREATION AND HOSPITALITY INDUSTRIES.
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 provide a direct grant opportunity to
Arkansas small businesses having 250, or fewer, full time employees
located in Arkansas for expenses associated with COVID-19 mitigation and
for certain listed business interruption expenses
due directly to local, state, or federal government COVID-19
directives and arising through no fault of the business.
“Eligible Business” under this grant program, means a for-profit corporation, partnership, sole proprietorship (including independent contractors), limited liability company, joint venture or non-profit 501(c)(3) organization that meets the following criteria:
A. Operates primarily within the Arkansas personal care, tourism, travel, recreation, hospitality or related industries;
B. Was established on or before March 1, 2020;
C. Has an established tax identification number in the state of Arkansas;
D. Current Economic Uncertainty makes this assistance necessary to support the ongoing operations of the Applicant;
E. If formally organized, is incorporated under the laws of Arkansas or is registered to do business in Arkansas with the Arkansas Secretary of State and, in any case, is listed as being in “Good Standing.” If not incorporated, a business/professional license, sales tax permit, utility bill or bank statement in the name of the business is required as supporting documentation that the business is a bona fide business;
F. Is headquartered in Arkansas or has employees working in Arkansas;
G. Employed an average of two hundred fifty (250), or fewer, Full Time Arkansas Employees per Eligible Business as of September 30, 2020;
H. Must either have: a. Customers and/or employees physically coming to their Arkansas business premises; or b. Must conduct business on customer premises in Arkansas;
I. Is not under a bankruptcy order and does not have a pending bankruptcy filing at the time the Application is submitted. An Applicant that files for bankruptcy while the Application is pending shall notify the grant program and withdraw its Application under the program. 4
J. Does not presently have any tax liens with respect to any unpaid tax owing to the State of Arkansas except for those businesses that have applied for and received a repayment plan from the State of Arkansas and are not in default of that payment plan; and
K. Eligible Businesses shall not include, without limitation, the following:
a. Government entities and quasi-governmental entities such as Government-owned nonprofits; and
b. Annual and seasonal indoor and outdoor festivals such as county fairs and carnivals
A. Operates primarily within the Arkansas personal care, tourism, travel, recreation, hospitality or related industries;
B. Was established on or before March 1, 2020;
C. Has an established tax identification number in the state of Arkansas;
D. Current Economic Uncertainty makes this assistance necessary to support the ongoing operations of the Applicant;
E. If formally organized, is incorporated under the laws of Arkansas or is registered to do business in Arkansas with the Arkansas Secretary of State and, in any case, is listed as being in “Good Standing.” If not incorporated, a business/professional license, sales tax permit, utility bill or bank statement in the name of the business is required as supporting documentation that the business is a bona fide business;
F. Is headquartered in Arkansas or has employees working in Arkansas;
G. Employed an average of two hundred fifty (250), or fewer, Full Time Arkansas Employees per Eligible Business as of September 30, 2020;
H. Must either have: a. Customers and/or employees physically coming to their Arkansas business premises; or b. Must conduct business on customer premises in Arkansas;
I. Is not under a bankruptcy order and does not have a pending bankruptcy filing at the time the Application is submitted. An Applicant that files for bankruptcy while the Application is pending shall notify the grant program and withdraw its Application under the program. 4
J. Does not presently have any tax liens with respect to any unpaid tax owing to the State of Arkansas except for those businesses that have applied for and received a repayment plan from the State of Arkansas and are not in default of that payment plan; and
K. Eligible Businesses shall not include, without limitation, the following:
a. Government entities and quasi-governmental entities such as Government-owned nonprofits; and
b. Annual and seasonal indoor and outdoor festivals such as county fairs and carnivals
Please read Page 3, 4, & 5 on this document to learn what the
Eligible Businesses, Eligible Expenses and what Expenses are not included.
** Eligible Businesses will be asked to provide North American Industry Classification System (NAICS) code
in the online Application. This information will assist in the analysis and review of the grant Applications.
Search to identify if you have one. If you do not have one, let us know and we can assist to get you set up!
Grant awards will not exceed $250,000 per application.
The grant application will open on Monday, Nov 16th, and close on Wednesday, Nov. 25th.
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.
More information will be regularly posted to www.ArkansasReady.com
about the grant, the application period, training and a helpline.
Let us know how we can assist!
