Small Business Recovery and Resiliency Program

Direct financial assistance in the form of a one-time Recovery Grant up to $15,000 is available to businesses, based on 2022 gross income (as reported on its 2022 business tax return):

1. $5,000 for gross revenues up to $150,000 in 2022
2. $10,000 for gross revenues between $150,001 and $1 million in 2022
3. $15,000 for gross revenues between $1,000,001 and $5 million in 2022

Eligibility

To qualify for the Recovery Grant (financial assistance), an applicant must meet all the Resiliency Grant eligibility requirements, plus:

1. Have been in operation in Irving, Texas, prior to Jan. 1, 2020. (There is no minimum business age requirement for the Resiliency Grant.)
2. Commit to actively participate in the Resiliency Grant program.

Eligible Use

Eligible uses of Recovery Grant proceeds include working capital to mitigate the economic and financial hardships caused by COVID-19 such as the purchase of inventory/supplies, rent, utilities (not water), lease or purchase of equipment, operating and emergency maintenance, etc.

Recipients of a Recovery Grant must agree to receive and participate in the Resiliency Grant.

Professional business support, training, and technical assistance (TA) services are available through a Resiliency Grant to cover the cost of:

1. Business plan writing
2. Website development
3. Financial readiness
4. Business management training
5. Marketing and advertising expertise
6. Legal, accounting and other services

Eligibility Criteria

To qualify for the Resiliency Grant, an applicant must:

1. Be the principal of the applicant entity. A principal is the majority owner of the applicant entity. An applicant entity is the legal business applying for the program. 
2. Be a small business owner currently operating within the City of Irving, Texas. Businesses that have ceased operations are ineligible. 
3. Be an eligible private for-profit business. Nonprofits are ineligible. See the program FAQ for a full list of ineligible businesses.
4. Have 100 full-time equivalent (FTE) W-2 employees or less. See the program FAQ for a definition of W-2 employees.
5. Have gross business revenues not more than $5 million in 2022. 
6. Certify and demonstrate the business experienced economic hardship due to the COVID-19 public health emergency, such as lost revenue; decline in profits or increased costs; challenges covering payroll and costs to retain employees; maintenance of existing equipment and facilities, such as rent, leases, mortgages, utilities or other operating costs; the capacity of a small business to weather financial hardships; and other general financial insecurity resulting from the public health emergency.
7. Not be in default or arrears on past or current federal, state or local financing or funding programs.
8. Not be in current litigation with, or have any conflict of interest with, the City of Irving, Texas, or its third-party program administrator (NDC).

Eligible Use

Eligible uses of Resiliency Grant proceeds include costs of professional business support, advice, counseling, training and technical assistance (TA) as outlined in a tailored service plan for the applicant entity.

The following documents will be required to submit a complete Small Business Recovery and Resiliency Program application. Incomplete applications may not be considered. All files must be in PDF format.

1. 2019 federal business tax return for the applicant entity. All pages and schedules of the return are required. This document is not required if the applicant entity was not in operation in 2019.
2. 2020 federal business tax return for the applicant entity. All pages and schedules of the return are required. This document is not required if the applicant entity was not in operation in 2020.
3. 2021 federal business tax return for the applicant entity. All pages and schedules of the return are required. This document is not required if the applicant entity was not in operation in 2021.
4. 2022 federal business tax return or proof of extension along with complete 2022 profit and loss statement for the applicant entity. All pages and schedules of the return are required. This documentation is not required if the applicant entity was not in operation in 2022.
5. 2023 profit and loss statement (year-to-date).
6. Employer withholding tax return from the IRS called Form 941, Employer's Quarterly Federal Tax Return. Form 941 from the quarter ending Dec. 31, 2022 is required if the applicant entity had W-2 employees the last quarter of 2022 and a recent payroll summary.
7. Current business bank statement for the applicant entity. The bank logo, date of statement, name of bank account and mailing address must be legible. 
8. Organizational documents, also known as business formation documents, such as articles of incorporation or certificate of organization. A sole proprietor should provide their doing business as (DBA) certificate filed with Dallas County. Applicants who conduct business as themselves using their legal name must provide a signed document stating such.
9. Valid government-issued photo ID for every owner with 20 percent or more interest in the applicant entity.
10. Commitment to participate in the Resiliency Grant (TA) program.
11. Execute a grant agreement and other documents necessary for funding.

Apply

Eligible applicants can submit thefull application at the Grow America (formerly NDC) website.Applications and required documentation will be reviewed by NDC in accordance with these program guidelines. Incomplete applications may not be reviewed.

Applicants will receive an email fromrecoveryresiliency@ndconline.orgindicating approval or denial. Recovery Grant funds will be wired to the approved applicant. Resiliency Funds will be wired to the service provider.

Help

A webinar was conducted May 11 that outlined instructions for filling out and submitting an application. Watch the webinar on-demand.

Call (972) 957-5162 or email NDC for assistance.