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
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Timing: Opened August 4, 2020; Closed September 15, 2020
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Funding: Up to $300,000; Cannot apply more than one time per program
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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
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Eligible time frame: March 13, 2020 to application date
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Total Funding Available: $185 million in total
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$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.
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$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
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BUSINESS ELIGIBILITY
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100 or fewer employees
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Companies that have between 101 to 110 employees and can show good cause will be considered by the Wyoming Business Council.
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Established on or before March 13, 2020
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For-profit, privately or publicly owned businesses
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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
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Must be one of the following: 501(c)(3), 501(c)(6), 501(c)(12) and 501(c)(19)
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Must have at least one paid full-time employee
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100 or fewer employees
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Nonprofits that have between 101 to 110 employees and can show good cause will be considered by the Wyoming Business Council.
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Established on or before March 13, 2020
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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.
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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 - FOR BOTH PROGRAMS (REQUIRED TO CLOSE & NOT REQUIRED TO CLOSE)
The Relief Fund calculation worksheet has been updated to better reflect the application and to be more user friendly. Please DOWNLOAD the worksheet and click on "Enable Editing" at the top for it to work properly.
