wbc-logo.png

RELIEF FUND

ABOUT THE FUND

For small businesses and nonprofits that have lost revenue due to public health orders and/or have incurred COVID-19 related expenses

  • Timing:  Opened August 4, 2020 at 10 a.m.

  • Funding: Up to $300,000; Cannot apply more than one time per program

  • Eligible Entities: Businesses with 100 or fewer employees and 501 (c)3, (c)6, (c)12, (c)19 nonprofits with at least one paid full-time employee and no more than 50 percent of time spent on lobbying

  • Eligible time frame: March 13, 2020 to application date 

  • Total Funding Available: $185 million in total

    • $50 million is set aside for businesses that were required to close by public health order and either received dollars from the Interruption Fund and have additional losses due to COVID-19 or were unable to apply in the first round.

    • $135 million is available to eligible businesses and nonprofits that were not required to close that incurred COVID-19-related expenses and direct or indirect revenue losses due to public health orders

BUSINESS ELIGIBILITY 

  • 100 or fewer employees

    • Companies that have between 101 to 110 employees and can show good cause will be considered by the Wyoming Business Council.  

  • Established on or before March 13, 2020 

  • For-profit, privately or publicly owned businesses

  • Headquartered in Wyoming or have more than 50 percent of their primary work located in Wyoming and at least 60 percent of their employees employed in Wyoming or 60 percent of the business payroll paid to individuals living in Wyoming.

NOTE: Businesses that received dollars from the Interruption Fund can apply for the Relief Fund. These businesses must certify new or increased expenses due to the public health orders.

NONPROFIT ELIGIBILITY 

  • Must be one of the following: 501(c)(3), 501(c)(6), 501(c)(12) and 501(c)(19) 

  • Must have at least one paid full-time employee 

  • 100 or fewer employees

    • Nonprofits that have between 101 to 110 employees and can show good cause will be considered by the Wyoming Business Council.  

  • Established on or before March 13, 2020 

  • Headquartered in Wyoming or principal operations in Wyoming and at least 60 percent of their employees employed in Wyoming or 60 percent of the business payroll paid to individuals living in Wyoming.

  • Must have no more than 50 percent of time spent on lobbying

Eligible businesses and nonprofits can apply for both the Relief Fund and the Mitigation Fund but applicants cannot apply more than one time per fund. Businesses that received a stipend from the Interruption Fund can also apply for these next funds. Recipients are not required to pay back the funds; however, all funds received through the COVID-19 Business Relief Program are considered taxable income.

HOW TO CALCULATE YOUR RELIEF FUND AMOUNT

WORKSHEET TO CALCULATE  - IF NOT REQUIRED TO CLOSE

WORKSHEET TO CALCULATE  -  IF REQUIRED TO CLOSE

Watch this video on how to calculate your Relief Fund amount.

GLOSSARY

  • REQUIRED TO CLOSE DUE TO A PUBLIC HEALTH ORDER: Businesses named in public health orders include: theaters, bars, nightclubs, coffee shops, employee cafeterias, self-serve buffets, salad bars, unpackaged self-serve food service, gyms, conference rooms, museums, restaurants, nail salons, hair salons, barber shops, massage therapy services, tattoo, body art and piercing shops, childcare facilities, cosmetology electrology, and esthetic services.     

  • PAST LOST GROSS REVENUE: Substantiated revenue loss that would have been earned in the absence of required closures - must be "backward-looking" and no projected losses of revenue.

  • PAST COVID-19 RELATED EXPENSES: Extraordinary expenses that the business and nonprofits have actually incurred or realized as a result of the COVID-19 pandemic. For more details, please refer to the FAQs.

  • COVID-19 COST SAVINGS: Cost savings realized to comply with public health guidelines as a result of the COVID-19 pandemic

  • AGGREGATE LOSS OF REVENUE: Actual revenue that would have been earned in the absence of required closures, including but not limited to, verifiable revenue, accounts receivable or contracts for work.  Applicants must be able to prove their lost revenue as follows:

    • Revenue received during the time period compared to prior year revenue (over the same time frame) as a percent. This is calculated by: (2019 revenue minus 2020 revenue) divided by 2019 revenue

  • AGGREGATE OPERATIONAL EXPENDITURES & EXPENSES: Actual expenses incurred including payroll costs, business supplies, business equipment, other business expenses and any other expenditure or expense related to business interruption.  Must be same time frame as aggregate loss of revenue

  • FUTURE EXTRAORDINARY EXPENSES: Eligible extraordinary expenditures and expenses associated with the COVID-19 pandemic including: Payroll costs, business supplies, business equipment, other business expenses and any other expenditure or expense related to business interruption. 

  • FUNDS RECEIVED FROM INTERRUPATION FUND: Any funds received from the Interruption Fund, the first grant from the WBC’s COVID-19 Business Relief Program 

  • CARES ACT FORGIVABLE FUNDS: Any grant or other funds received from programs such as Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL) Advances, Pandemic Unemployment Assistance (PUA), etc.

EXAMPLE SCENARIOS

 
 

NEED MORE INFO?

If you have more questions about this fund or the COVID-19 Business Relief Program in general and how your business or nonprofit can learn more and apply, below are some resources that can help:

HAVE ANY QUESTIONS?

CALL 1-877-257-7844

Heading 6