Small Business Grants
Coronavirus Relief Program
Small Business Grants
May of 2020, Governor Beshear announced Three-Hundred Million dollars ($300,000,000) in funding to cities and counties to assist with the fight against Covid-19. The funds were proportionally given out based on a per capita basis. Union’s allotment from these funds totals $426,000. Funding can be spent on a wide variety of uses such as actions taken to respond to the public health crisis, costs and acquisitions not anticipated as a result of the pandemic and expenses associated with the provisions of economic support. It is our aim to create a Small Business Grant Program which will assist local business during this difficult time.
Program Details and Requirements
Grant Amount: Up to $5,000 (limit one application per business)
a. Only non-essential businesses that have been mandated to close at some point in 2020 can apply; retail and restaurants that have been impacted by mandated closures or social distancing requirements due to COVID-19, are eligible to apply as well.
b. Must have more than 2 (full-time, part-time and/or independent contractors) but no more than 35 full-time employees. Business owner(s) may count towards the number of employees. Businesses with 1 employee are eligible if deemed non-essential and have a storefront.
c. Businesses must be locally owned and franchised and must be in existence prior to March 1, 2020 in the City of Union.
d. Must have a valid Boone County Business License and must be current on all relevant local and state taxes. Eligibility will be confirmed through Boone County Occupational Tax.
e. Businesses must be able to provide proof of ownership either through a current lease agreement or mortgage statement.
f. Commercial Landlords, Financial Institutions and Non-Profits are not eligible to apply.
2. Eligible Expenses
a. Mortgage and Rent payments.
b. Expenses related to the safe operation of business for the public and employees as a result of the COVID-19 pandemic. Supporting invoices and copies of payments are required for services and items to be reimbursed.
3. Submission Deadline
a. Applications will be accepted starting August 4th through August 24th. Awards will be given only after the 24th of August.
b. Applications may be submitted online through www.cityofunionky.org. Applications can be downloaded and printed and submitted at 1843 Mt. Zion Road Monday through Friday 10:00am – 4:00 pm. Download Application HERE
*No funding from this grant opportunity may “double dip” for costs/expenses already supported by the Payroll Protection Program (PPP), Small Business Administration loans (SBA), Economic Injury Disaster Loan or any other assistance given from the CARES Act.
**All awards will be decided by the Union City Commission. There will be no appeals process if you are denied.
**Due to the timing of this program, and to avoid most pitfalls with similar programs of the Cares Act, all eligible expenses must have occurred on or after July 1, 2020.