Economic Vitality Committee Agenda and Packet 2020 07 17

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Elulle ty�l.L rs�iRecovery & Improvement Program Application The COVID-19 pandemic has had significant adverse economic impacts on the Louisville business community. Louisville's Recovery & Improvement Program is focused on assisting businesses that have suffered economic injury to stabilize and improve operations during this forthcoming recovery phase. The City Council has authorized XXX of funding to be directed to the Recovery & Improvement Program. Eligible businesses may apply for 50% matching funds for projects that meet the Program Criteria; the maximum City funding for an individual project is $10,000. Each eligible business may only receive one funded project under this program. Only projects that have not been completed or previously paid -for will be considered. Program Eligibility and Program Criteria are outlined below. A& Applications will be reviewed on a first -come, first -serve basis. ill review and approve applications until all funding has been allocated. To process Mplical efficiently, it is important for applicants to supply complete information applicants are approved for funding will need to sign an agreement with the City dging to pay the aining 50% of the project cost, and to submit documentation showin ense project completion. Submitting an application is not a guarantee of a proje ard, and the City may terminate the Recovery & Improvement program at any r any re Prior to submitting an application, you should also ensure you ha er rom ur landlord if you propose to make any physical changes to your business ce r application also does not substitute for permit approvals be re ed. You should consult with the Planning and Building Safety Department i beli your ect may require a permit: 303-335-4584 and building@louisvilleco.ov. Please note that on ❑ Brick -and - El In operation as of ications will be reviewed. rently licensed within the City of Louisville , 2020 (Governor's State of Emergency Declaration) ❑ Current on all City accounts as of date of application (Sales Tax, Use Tax, Lodging Tax, and all Utility accounts, if applicable) Required Documentation ❑ Complete and signed application ❑ W-9 (this allows the City to process a check if your program application is approved)