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Home » Announcements » City and County » Small Business Relief and Recovery Fund

Announcements

Small Business Relief and Recovery Fund

5/14/2020

 

 

City & County of Honolulu Announces Small Business Relief and Recovery Fund

(As of May 13, 2020)  


$25 million in CARES Act Funding


On May 12, 2020, the City and County of Honolulu announced a
Small Business Relief Fund using $25 million in Coronavirus Aid,
Relief and Economic Security Act (“CARES”)
 funding.  


2,500 small businesses will receive a grant of $10,000
for each eligible and approved small Oahu business.

 

Eligible small businesses must meet the following conditions:
 

v    Oahu-based business operating in the City & County of Honolulu
v    30 or fewer employees
v    $1 million or less in annual revenues
v    Demonstrate hardship due to COVID-19

 

Expenditures could be used for: rent, utilities, payroll, other overhead or capital expenses, as well as costs for COVID-conscious modifications including hand sanitizing stations, implementing physical distancing and other safety precautions.

 

The City partnered with 4 Hawaii credit unions including:                  

 

      Hawaii Government Employees Association - AFSCME Local 152, AFL ...                 
FLEXcutech | New Credit Unions | 2016 Year in Review | FLEX Credit ...          Best Finance Companies To Work For In Hawaii - Zippia

We highly encourage ALL small Oahu businesses that have less than $1 million
in revenues and under 30 employees to apply for the $10,000 grant
on Monday, May 18th when the fund launches.  

The application turnaround time is expected to be 3 days with money being disbursed within 5 to 7 days of approval on a first-come, first-served basis.


The application will be posted at the website link below on 5/17/20.

 


Our CPAs, tax professionals and accountants can assist you with all the required documentation and calculations for these applications. 
 

Please reach out at 808.529.9990 or email us at info@hi-accounting.com.
 

Visit our  COVID-19 Resource Center  for Important Updates.
 

 

 

 

hi-accounting.com   |   808.529.9990
700 Bishop St. Suite 600 | Honolulu, Hawaii 96813



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