VIENNA — Small companies in Vienna can apply for federal help to assist cope with the results of the COVID-19 pandemic.

The Metropolis of Vienna on Monday introduced the launch of its Small Enterprise Reduction Fund Program, with roughly $63,000 in Neighborhood Growth Block Grant funds. It’s meant to “present short-term working capital for the retention and/or creation of jobs for low-to-moderate earnings individuals” and to assist companies “restart operations after being closed as a result of pandemic,” in keeping with a press launch from the town.

Companies inside the metropolis limits which were in operation since no less than March 1, 2019, and had been in good standing with metropolis charges as of Dec. 31, 2019, can apply for the help if they’re owned by a low-to-moderate-income particular person or if no less than 51 % of their workforce qualifies in that class. Eligible companies should make use of the equal of no less than 25 low-to-moderate-income employees, however precedence within the preliminary spherical of purposes will likely be given to these using 10 or much less.

“Each enterprise on the town is vital to us,” Vienna Mayor Randy Rapp mentioned. “And the smaller companies are struggling proper now.

“We’re hoping to assist as many as we are able to with the amount of cash that we’ve acquired to stay,” he mentioned. “Hopefully it will give them a bit of incentive, a bit of shot within the arm so to talk, to maintain them in enterprise.”

In the event that they doc the unmet want, companies can obtain as a lot as $10,000 for working capital bills. These can embody lease or required enterprise mortgage funds; wages, taxes and advantages for important workers; regular working prices akin to uncooked supplies, meals for eating places or gadgets for retail sale; and working bills like utilities, insurance coverage {and professional} companies.

Town is partnering with the Mid-Ohio Valley Regional Council to manage this system. The council can be helping the Metropolis of Parkersburg with its personal Small Enterprise Reduction Fund, introduced final week.

Purposes and tips for the Vienna program could be requested through cellphone at 304-422-4993 or e mail at ana.ambrose@movrc.org. Purposes are due, through mail or e mail, to the Regional Council by 10 a.m. Friday, Oct. 16.

Evan Bevins could be reached at ebevins@newsandsentinel.com.

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Vienna Small Enterprise Reduction Fund Program

Eligible bills

* Lease or required month-to-month enterprise mortgage funds.

* Wages, taxes and regular advantages for workers important to keep up the enterprise.

* Regular working prices included underneath “value of products bought” on a enterprise earnings assertion (e.g. uncooked supplies for producers, part items for assemblers, gadgets for resale for retailers, meals for eating places, and many others.).

* Regular working bills included underneath “working bills” on a enterprise earnings assertion (e.g. utilities, insurance coverage, skilled companies, and many others.).

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To qualify, a enterprise should:

* Be positioned in Vienna’s company limits.

* Have been in enterprise since no less than March 1, 2019.

* Have been in good standing with relevant metropolis charges as of Dec. 31, 2019.

* Be owned by a low-to-moderate-income (LMI) particular person or make use of, or have beforehand employed, no less than 51 % LMI employees.

* Make use of the full-time equal of 25 or fewer LMI employees.

* Precedence in the course of the first spherical will likely be given to companies using the full-time equal of 10 or fewer LMI employees.

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For extra info or an utility:

* Name 304-422-4993 or ana.ambrose@movrc.org

* Purposes are as a result of Mid-Ohio Valley Regional Council by 10 a.m. Friday, Oct. 16.


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