Announcing the City of Miami Beach Small Business Grant
The city is introducing a grant program to assist Miami Beach businesses affected by the pandemic. The program aims to prevent job losses and assist those small businesses affected by emergency orders and business closures by providing working capital to help retain jobs held by low-income residents.
Award recipients will receive grants up to $10,000 for use on any business expense, such as payroll, utilities, rents, and COVID-related expenditures. Award recipients
must hire or retain, for a period of 12 months, one (1) employee that resides in a Miami Beach household earning 80% or less AMI*, otherwise the award must be repaid back to the City.
The business is not required to hire a new employee if a current employee earns 80% or less AMI and is a Miami Beach resident.
Funding is limited, so recipients will be randomly selected using a lottery. There will be two lottery pools of $100,000 each: one for businesses participating in the MB Standard program and one for businesses who are not. For more information about MB Standard,
click here.
Eligibility
To be eligible, the following must apply to the business:
- 5 employees or less, including the business owner
- Only “nonessential” businesses that were forced to shut down during the pandemic, pursuant to an emergency order (i.e. no restaurants, banks, grocers etc.)
- Located in the City of Miami Beach, with a valid BTR since February 1, 2019
- Good standing with the Code Compliance and Finance departments.
How to Apply
The application and instructions will be made available on the City website later this week.
Applications will only be accepted between Monday, June 15 and Tuesday, June 23. Following closure of the application window, a lottery will be conducted to randomly select winners until funding is depleted. If your business fails to meet eligibility requirements, its application will be disqualified before awarding of the grant.
Stay tuned for additional information on how to apply.
