Description: Placer Shares is sharing an additional $5 million with small businesses and nonprofits (in Placer County) impacted by the COVID-19 pandemic. GrantsThe Placer County Board of Supervisors recently allocated $5 million for additional rounds of business grants, with $2 million earmarked for small businesses and $3 million earmarked for safety-net nonprofits. Of the $2 million for small businesses, the Board allocated approximately $1.2 million to fund all eligible applications to the extension of the Placer Shares Grant Program that closed on October 23. Approximately $800,000 remains to be allocated in Placer Shares Impact Grants. Eligible businesses may receive up to 2% of their 2019 revenue or $50,000, whichever amount is lower. For example: If your 2019 revenue was $1 million, you may request up to $20,000. If your 2019 revenue was $5 million, you may request up to the maximum of $50,000. Grant FundsThis is a grant program, not a loan, so small businesses and nonprofits will not need to pay any money back. The only exception is if you do not use all the funds, or if you do not use them in the manner stated on your application. Not all applications submitted will receive funding.ApplicationsAll applications must be completed online. No physical applications will be accepted (in person or via mail). DeadlineBusinesses may apply November 12-20, 2020 until 9:59 PM PST on Nov. 20th.Nonprofits may apply Nov. 16-Dec. 7, 2020.Receiving GrantsYou will be notified by email if you are to receive a grant. Check your email, including your spam folders. Emails to all applications will come from administrator@grantinterface.com. A paper check will be sent to the address on your application. Questions Visit the FAQ website If you still have questions, contact Placer Community Foundation office at 530-885-4920 for nonprofits located on the Western slope (Emigrant Gap to Roseville), or contact Tahoe Truckee Community Foundation office at 530-587-1776 for nonprofits located on the Eastern slope (Soda Springs to the eastern county border).Websites: Placer Shares - https://www.placer.ca.gov/6685/Placer-Shares Apply - https://www.placer.ca.gov/shares/apply Frequently Asked Questions (FAQ) - https://www.placer.ca.gov/shares/FAQ
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