SMETHPORT — The McKean County Commissioners will be making a portion of American Rescue Plan Act funds available as Recovery Grants to help eligible small businesses and municipalities.
The intent of this program is to provide grants to organizations that identify a problem-specific need and thoughtfully provide a solution to that need.
To be eligible to apply for Recovery Grant, each small business must first submit a Letter of Intent (LOI) Form. The form framework will provide the county with information to determine eligibility, evaluate needs/solutions, anticipate needs, determine levels of funding, encourage collaboration, and determine which organizations will be invited to complete the next step. If the organization submits a successful Letter of Intent Form, it will then be invited to submit a full application. Note that submitting a Letter of Intent Form does not guarantee that an organization will be selected to submit a Full Application.
The maximum Small Business Recovery Grant award cannot exceed $10,000. Be aware that if awarded a grant, the business will be required to contribute a minimum of ten percent (10%) in matching funds.
To be eligible, a small business must meet each of the following conditions: Own and operates a place of business within McKean County; Have fewer than 300 full-time equivalent employees. For purposes of determining the number of full-time equivalent employees, the calculation should include each employee of the eligible applicant notwithstanding whether the eligible applicant has employees at multiple locations, while “Full-time equivalent employee” is defined as the quotient obtained by dividing the total number of hours for which employees were compensated for employment over the preceding 12-month period by 2,080; and is not publicly traded.
Submit the Letter of Intent Form by Aug. 5. Email completed forms to Ann Robinson, McKean County ARPA Coordinator, ARP-MCKEANCO@mckeancountypa.org. Forms submitted after 08/05/2022 are at risk of not being considered for funding opportunities.
