2020/12/16 Council Agenda Packet

`EVERETT Project title: CARES Act Funding Agreement with Snohomish County for Round 3 of the Everett CARES Small Business Grant Program City Council Agenda Item Cover Sheet Council Bill # interoffice use Agenda dates requested: December 16, 2020 Briefing Proposed action X Consent Action Ordinance Public hearing Yes X No Budget amendment: Yes X No PowerPoint presentation: Yes X No Attachments: CARES Act Funding Agreement Department(s) involved: Economic Development Contact person: Dan Eernissee Phone number: 425-257-8681 Email. deernissee@everettwa.gov Initialed by: Department head Administration Council President Project: Round 3 of the CARES Small Business Grant Program Partner/Supplier : Snohomish County Location: If relevant Pre.ceding.action:... R. aunds..d..and..2_. of. the E.verett..CARE. ..mall...usin.ess Gran.t.Praaram......._........_ Fund: 155 Fiscal summary statement: Snohomish County in partnership with cities in the county has made available $2.5 million of funds to each city with active small business grant programs funded by CARES Act funding. Approval of this agreement allows the City of Everett to access its allocation of $641,456. Project summary statement: The additional funding from Snohomish County will provide help to small businesses, especially those dealing with the challenging conditions imposed through the State's current Stay Home Stay Healthy regulations. • • • • • Businesses with 1— 20 employees that have not received CARES Small Business Loans will receive $10,000 grants; those with 21— 50 employees will receive $20,000 grants Over 100 recipients of CARES 1 and CARES 2 small business grants will be able to receive supplemental grants of $3,000. These supplemental grants enable previously vetted businesses to react to the continued impacts of the pandemic, providing such things as new outdoor seating or maintain staff on payroll. Round 3 will likely provide needed funding to over 100 of Everett's small businesses All funding must be dispersed by December 31, 2020. Therefore, the application period for Round 3 was conducted earlier this month to allow time to vet businesses and to prepare agreement documentation for each grant. The total amount provided by the three rounds of the Everett CARES Small Business Grant program will be nearly $1.85 million. o Round 1 provided $500,000 in $10,000 grants; o Round 2 provided $700,000 in $10,000 and $20,000 grants; approximately $75,000 through vocational programs in partnership with Everett Community College and the NW Innovation Resource Center; and approximately $25,000 in outdoor dining facilities through the Everett Streatery program Recommendation (exact action requested of Council): Authorize the Mayor to sign the CARES Act Funding agreement with Snohomish County to fund Round 3 of the Everett CARES Small Business Grant Program.