On June 17, Arlington County announced 393 businesses are receiving the Small Business Emergency GRANT (Giving Resiliency Assets Near Term ). The GRANT program provides financial assistance to Arlington’s small businesses impacted by the COVID-19 pandemic. The GRANT funds were designed to bridge the gap to provide near-term relief for businesses and nonprofits, some of whom have experienced delays or limitations with federal relief initiatives. Businesses and nonprofits considered for the GRANT had to be located in Arlington County, have fewer than 50 employees, and demonstrate revenue losses of 35% or more as a result of the COVID-19 pandemic.
The GRANT is being made on behalf of Arlington County, the Arlington Industrial Development Authority and the Ballston, Crystal City and Rosslyn Business Improvement Districts (BID). The GRANT will provide a total of $2.8M in funding. This amount includes an increase of $1.6M from CARES Act funding that the Arlington County Board approved yesterday – more than doubling the funding available for applicants. Based on the available funding, 394 businesses (53% of eligible applicants) will receive a financial grant. Businesses across the County, in a wide variety of industry sectors and geographic locations, received grants.
Award amounts varied, up to $10,000 per business. More than 37% are restaurant and food service businesses and nearly 26% are personal service businesses, approximately 10% are health and medical businesses and 10% are retail businesses.
Recommended grantees are concentrated along the major commercial corridors. Nearly 44% of awarded businesses are in the Rosslyn-Ballston Corridor (Zip Codes 22201, 22203 and 22209) and 20% are along the Route 1 Corridor (Zip Code 22202). Approximately 13% are in the Columbia Pike Zip Code area.
Applications were evaluated through a competitive process. More than 1,100 applications were received for consideration. Applications were evaluated based on criteria that considers the impact to employees, business operations and the Arlington business community. GRANT funds must be used for employee salary and benefits and other business capital and operating expenses directly related to the immediate impacts of COVID-19. Recipients are required to submit a final report to Arlington Economic Development and provide documentation of grant use.