Legacy Business Grant Application

North Miami Legacy Business Stabilization Grant Program Guidelines funded by (CDBG-CV) HUD

Total Program Funding: $40,000 to assist business owners

Purpose

The City of North Miami has a diverse mix of locally owned businesses that have made North Miami their home for many years. Our locally owned commercial establishments such as retailers, artisans, restaurants, bars, professional offices, restaurants, manufacturers, and personal service providers are all the bedrock of the community. Their presence contributes to the vibrancy and unique North Miami brand. Many of these cornerstone establishments have been around for decades. We refer to these as legacy businesses.

These serial entrepreneurs have invested in North Miami’s economy for at least 15 or more years. Unfortunately, these businesses have been severely hit due to the economic downturn caused by the Coronavirus pandemic and are at risk of going under. Without funding assistance, many of these businesses will fail. Preserving our longstanding businesses is critical to maintaining a strong local economy and the very essence of what makes North Miami a special place.

Program Limits

Each Legacy business is allowed up to $5,000. The goal is to assist longstanding North Miami Businesses to alleviate job loss caused by business closures related to social distancing by providing short-term working capital assistance to small businesses to enable retention of jobs held by low- and moderate-income persons.

The business owner must demonstrate an “Active” status in the Florida Department of State, Division of Corporations.
The business owner or an authorized representative of the corporation who has legal authority to bind the organization in a contract with the City of North Miami must sign application.
Submission of an application shall constitute acknowledgement and acceptance of all terms and conditions contained in the guidelines and the application. Acceptance of this application does not constitute a contract and does not obligate the City to award funds.
Payments will be made directly to the business.
Must not have received a CRA commercial, Green Rehabilitation or SBA grant in the last five (5) Years.

Eligible Expense

This grant award will cover inventory supplies and services (e.g. daily cleaning and sanitizing) needed to reduce the adverse economic impact caused by the Corona Virus.

The city desires to ensure stability of Legacy Businesses and help these businesses remain in the City.

Requirements & Scope

Participants must be a small business operating within the City of North Miami for atleast 15 years. Applicants of the Legacy Business Stabilization Grant Program shall comply with those provisions of the City’s local adopted codes regarding possessing a Certificate of Use and Business Tax Receipt. For the purposes of this CDBG program, small businesses will be identified through the criteria established by Miami Dade County:

Cannot have more than seven (10) employees that are low and moderate income.
Must not be part of a national chain or franchise or have city liens or code violations.
Business can be non-profit or for-profit and must have been in business within North Miami for at least 15 years (proof include incorporations, income tax return, and utility bill). Although not a requirement, business will have access to tech support to assist with implementation.
First come first served processing.

Checklist

Please use this checklist to complete the application package:

Company’s Certificate of Incorporation
Business Income Tax Return
Current Lease agreement or deed to the property
City of North Miami Business Tax Receipt
Certificate of Use
Copy of IRS determination letter as a non-profit organization (required for all non-profit organizations)

Fill the application on-line.

If you need assistance, please contact:

John Lorfils, MBA
Economic Development & Strategic Initiatives Director
Email John Lorfils
Phone: 305-893-6511, Ext.19051

**The City reserves the right to request additional information about the business and/or business owner(s) that may be needed to process the grant application.**