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Priority will be given to applicants that: A reduction in gross receipts of 25% or more for the period beginning after March 31, 2020, and ending before December 31, 2020, in comparison to the same period in 2019. Has experienced an adverse economic impact due to COVID-19 that makes the grant request necessary to support the ongoing operations of the eligible applicant. In operation on Februand remains in operation and does not intend to permanently cease operations within one year of the date of application.
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A maximum tangible net worth of not more than $15 million. A North American Industry Classification System (NAICS) designation within the Accommodation subsector (721) or Food Services and Drinking Places subsector (722) and where accommodations, food or drink is served to or provided for the public, with or without charge.įewer than 300 full-time equivalent employees. These are grants for up to $50,000.Ī business is eligible for the grant if it has: The $145M COVID-19 Hospitality Industry Recovery Program (CHIRP) has been approved and will begin accepting grant applications on 3/15. On Wednesday, March 3rd at 12:00PM The Urban Redevelopment Authority (URA) and Center for Women's Entrepreneurship (CWE) will host an information session discussing the state grant and will try to field questions that applicants may have. Webinar: COVID-19 Hospitality Industry Recovery Program (CHIRP)