Round 2 - Centennial CARES: Small Business Grants

CARES-Grant

The City is no longer accepting applications for the Centennial CARES: Small Business Grant program. Sign up for Centennial’s monthly business e-newsletter to learn about future business grants and assistance.

If you have questions or need more information, send us an e-mail.

Tax documents: The City of Centennial will mail grant recipients a 1099 tax document for 2020 income taxes by January 31, 2021. If you did not receive your 1099 by January 31, 2021 you can send an email to receive it electronically.

Grant Information

Business Interruption Grant

Business Interruption Grants will be provided to eligible businesses for business operation expenses including, but not limited to, lease/mortgage, payroll, inventory, and supplies/equipment necessary to operate the business (may include personal protective equipment).

Business Type  Round 2 Grant Amount Round 1 Grant Amount Maximum Round 2 Grant Amount Round 1 Grant Recoup
Commercial Business  $10,000 $10,000 $20,000
Home-based Business $2,500 $2,500 $5,000
Commercial Nonprofit $2,500 Not Eligible $2,500
Home-based Nonprofit $1,000 Not Eligible $1,000

Note: Grants received from Centennial CARES: Small Business Grant programs are federal funds from the CARES Act: Coronavirus Relief Fund and considered taxable income by the Department of Treasury. For more information visit https://www.irs.gov/newsroom/cares-act-coronavirus-relief-fund-frequently-asked-questions.

Eligibility and Prohibited Use of Funds

Eligibility Requirements:

  • Applicant must have been in operation, with a physical presence in Centennial prior to pandemic (approximately March 16, 2020)
  • Nonprofit applicants must hold a 501(c)(3), 501(c)(4), 501(c)(6), or 501(c)(7) status and have a Certificate of Good Standing from the Colorado Secretary of State
  • Applicant must obtain a Centennial Business Registration/Sales Tax License prior to issuance of Round 2 grant if they do not already have one
  • Applicant is in good standing with the City of Centennial (tax returns, code violations, etc.)
  • 1-100 full-time equivalent (FTE) positions prior to COVID-19 pandemic
  • Applicant has been impacted due to the Public Health Orders related to the COVID-19 public health crisis
  • Applicant can provide an estimate of gross revenue loss greater than or equal to Round 2 grant amount and other CARES Act-related grants
  • View Terms and Conditions(PDF, 230KB)

The following list of business types are not eligible:

  • National chains (exception: locally owned franchises may qualify)
  • Publicly-traded companies
  • Businesses deriving more than one-third of gross annual revenue from legal gambling activities
  • Businesses engaged in any illegal activity
  • Marijuana (medical and recreational)
  • Sexually-oriented businesses
  • Religious organizations
  • Political organizations

Prohibited uses of funds:

  • Any expense not be considered an eligible business expense by IRS rules (IRS Publication 535)
  • Wages to any member of owner’s family who is not a bona fide employee
  • Charitable contributions
  • Political contributions
  • Draw or salary to owner that exceeded the amount they were paid on a weekly or monthly basis for the same period last year
  • Pay down or pay off debt by more than required in underlying debt instrument
  • Expenses that were previously paid for using Federal Small Business Administration (SBA) Payroll Protection Program (PPP) or Economic Injury Disaster Loan (EIDL) Funds
  • Franchise or royalty fees

Required Information and Documents

Documents required to be uploaded with application:

  • Completed and signed W-9 form (All Applicants)
  • Proof of 501(c) status (Nonprofits only)
  • IRS Form 990 or N990 (Nonprofits only)

Information needed to complete application:

  • Estimate of gross revenue loss from March 1, 2020-December 31, 2020 (a dollar amount estimate of gross revenue loss based on projected revenues compared to actual revenues)
  • Amount of pandemic-related grants (do not include loans or Round 2 amount) received from Centennial, Arapahoe County, State of Colorado (Energize Colorado Gap Fund)
  • Centennial Business Registration/Sales Tax License number (ex. CEN-000123)