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City of Miami
!' Business Continuity Microenterprise Assistance Program II
The City of Miami ("City") hereby establishes the Business Continuity Microenterp rise Assistance Program II ("Program") with the
goal of supporting eligible for -profit micro businesses that meet the required criteria below due to loss of revenue as a result of
the COVID-19 pandemic (hereinafter each referred to as an "Eligible Business"). This Program will be administered by the City's
Department of Housing and Community Development ("HCD") and will be capitalized utilizing federally allocated Coronavirus,
Aid, Relief, And Economic Security ("CARES") Act Community Development Block Grant Coronavirus ("CDBG-CV") funds. The goal
of this Program is to provide eligible micro business owners with a grant not to exceed $15,000 or 20% of their gross revenue,
whichever is less, to reimburse for certain expenditures that allow such eligible businesses to remain viable and operational.
Annual gross revenue for each eligible business must not exceed $500,000 as determined by the business tax return submitted
to the IRS for 2019.
Funds will be awarded on a first -come, first -ready, first -serve basis until funds are fully expended or until the end period of funding
availability, whichever occurs first.
Eligibility Criteria
To be determined as an "Eligible Business", each applicant must be a for -profit business. Not -for -profit businesses do not qualify
for CDBG-CV assistance as prescribed by U.S. Department of Housing and Urban Development ("HUD") regulations. In order to
qualify, the microenterprise must:
■ Be a for -profit business located within the boundaries of the City of Miami.
■ Business must be a micro enterprise as defined below:
• Operating business having five (5) or fewer employees, one or more of these employees owns the business.
• Business owner must have an income less than or equal to 80% of the area median income, adjusted for family size.
Micro Enterprise Owner's Household Income Qualification Table FY2020
Miami, FL
Persons
1
2
3
4
5
6
7
8
HUD Metro
Low -Income
Area
$51,200
$58,500
$65,800
$73,100
$78,950
$84,800
$90,650
$96,500
80%AMI
■ Be a business registered with the State of Florida prior to September 1, 2019.
■ Must have suffered a loss of business revenue as a result of the COVID-19.
■ Must possess and be current with City of Miami Certificate of Use/ Accessory of Use and Business Tax Receipts.
■ Must not be a business that already received financial assistance (grant, loans, etc.) from any other City of Miami business
assistance program or any COVID-19 related financial assistance (grant, loans, etc.) from any other federal, state, or local
program to pay for the same expenses.
■ Be current in all financial obligations with the City of Miami.
Eligible Use of Funds
■ Payment of Business Rent or Mortgage.
■ Payment of Utilities, Licenses, and/or Business Insurance.
■ Payment of Employee Salaries.
Ineligible Businesses
■ Not -for -Profit Businesses (24 CFR Part 570.203)
■ Businesses with more than 5 employees (W-2 workers only)
■ Businesses engaged in legal gambling activities or in illegal activity.
■ Businesses whose primary source of revenue is more than 75% derived from the sale of packaged alcoholic liquor.
■ Businesses that present live performances of a sexual nature or engage in the sale of products or services, or the presentation
of any depictions or displays, of a sexual nature.
■ Other ineligible businesses as determined solely by the City of Miami.
NOTE: Guidelines, forms, and other documents related to these programs are subject to change from time to time
to ensure proper utilization of public funding.