OGDEN, UT – The Ogden CARES Business Grant Program is now accepting applications online. The program is funded by the federal Coronavirus Relief Fund (CRF), which was established by the CARES Act. Ogden CARES provides grants to struggling Ogden businesses—including sole-proprietorships and nonprofits—impacted by COVID-19 (coronavirus) otherwise unable to cover the shortfall between necessary expenses and existing sources of funding.
As an example, if a business incurred $40,000 in necessary business expenses from March through July 2020 and, if during this same period, earned only $12,000 in revenue and received $20,000 through COVID-19 financial assistance (such as the Paycheck Protection Program), the cashflow shortfall would be $8,000. The business may be eligible for an Ogden CARES grant to cover the $8,000 shortfall.
“Unfortunately, we saw many of our local businesses who were unable to attain essential emergency funding through programs like PPP and EIDL,” said Mayor of Ogden City, Mike Caldwell. “Ogden is our home, and we want to see our local economy thrive and come out of this pandemic stronger and better than before. This new program is here to offer our community the resources and support they deserve.”
Furthermore, businesses located in the Central Business District (CBD) may request additional Ogden CARES funding to make physical modifications to accommodate social distancing requirements.
Please note, the Ogden CARES grant funding is ONLY available for expenses that are not covered by other funding sources, such as business revenue or other federal, state, and/or local financial assistance. Maximum grant amounts are based on both the program and business type:
- Up to $200,000 for locally owned companies or companies with distinct profit-and-loss accountability at the local level.
- Up to $100,000 for any company, regardless of ownership, with employees located in Ogden; these companies do not have localized profit-and-loss accountability, and accounting rolls up to a parent corporation.
- Up to $50,000 for sole proprietorships located in Ogden with no employees other than the owner(s).
- Up to $50,000 in additional funds for retail (NAICS 44-45) and accommodation and food services (NAICS 72) businesses, including sole proprietorships with no employees other than the owner(s), to make physical modifications that are necessary to accommodate physical distancing requirements. Only available to businesses in the Central Business District (CBD) (see map).
Grant applications will be accepted on a rolling basis and will be reviewed weekly until funds are exhausted. Applicants must be in good standing with the local, state, and federal government to be eligible for a grant.
Additional information and Ogden CARES grant applications have published on the Ogden CARES website. For questions, e-mail ogdencares@ogdencity.com or call (801) 629-8613. Se habla español.
Other programs have also been created to support businesses impacted by COVID-19:
Additional business resources are available to all Ogden businesses regardless of loan or grant eligibility:
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Contact:
Tom Christopulos, Director, Community & Economic Development
801-629-8946 • tomchristopulos@ogdencity.com