Section 691.100 Selection Process

Section 691.100  Selection Process

a)         The

Department or its Qualified Partners shall select awardees under the Program

using a competitive scoring model.  Businesses will receive a higher score if they

meet any of the following priority codes:

1)         Deemed

a smaller business;

2)         Located

with a DIA;

3)         Has

yet to qualify for state or federal assistance; or

4)         Has

been prioritized as a hard-hit industry (full list of priority industries on

Department website).

b)         For

eligible applicants selected, excluding hotels, the amount of financial

assistance made available by the Department will be based upon one-sixth of the

decline in revenue from the 2019 calendar year to the 2020 calendar year, as

supported by relevant information provided by the applicant in their federal

tax return filings. The award will be equal to one-sixth of the revenue decline

experienced by the applicant between the 2019 and 2020 calendar year, rounded

up to the nearest $5,000. Each eligible applicant may qualify for an award of

financial assistance up to $150,000. Eligible applicants who applied on behalf

of various entities owned by the applicant may receive an award for each

business. However, the total amount of funding an eligible applicant that owns

multiple eligible businesses may receive shall not exceed $300,000 in

assistance.

c)         Hotels

that annually earn gross receipts equal to or less than $35 million may qualify

for an award of financial assistance up to $250,000.  All other requirements of

subsection (b) apply to this provision.