After receiving thousands of applications, Fairfax County officials want to add funds to its grant program to support more small businesses and nonprofits facing financial turmoil from the pandemic.
The county board originally made the grant program in May with $25 million from funds through the CARES Act. Businesses can receive the following amounts based on the number of employees:
- 1-10: $10,000
- 11-25: $15,000
- 26-49: $20,000
The county is especially trying to help women-owned, minority-owned and veteran-owned businesses stay in business during the pandemic.
Of the 6,280 applications the county received in June, 6,038 qualified for funding, meaning the county would need more than $60 million to support all of them, according to the county.
“As the Grant Program was oversubscribed, a random selection was used to determine the order of processing for all applicants,” according to county documents.
The county invited 2,183 applicants — 36% of the total qualified applicants — to submit documentation and start the certification process. The county documents say that some businesses that qualified during the first review phase may become disqualified in the second review phase if they don’t meet the documentation requirements or don’t respond.
Now, the county wants to expand the program to hopefully fund approximately 65%-80% of the applicants by adding $20 million from the county.