Little announced last week that $300 million in cash grants will be made available to Idaho small businesses impacted by COVID-19. No other state in the country is putting up more money in direct cash support for small businesses. Cash grants of up to $10,000 will be directly deposited into the bank accounts for eligible businesses. More than 30,000 businesses could benefit.
The Governor’s Coronavirus Financial Advisory Committee finalized the eligibility criteria and related details. Applications will be handled in two waves:
• Eligible entities with one to 19 employees may apply starting at noon May 11 through noon May 18.
• Eligible entities with one to 50 employees may apply starting at noon May 18 through noon May 22.
All applicants must first establish a secure Taxpayer Access Point (TAP) account if they do not already have one, in order to protect their personal and business information on submitted applications.
All eligibility criteria, information on how to apply along with instructions on how to gain a TAP account are available at https://rebound.idaho.gov/idaho-rebound-cash-grants-for-small-businesses/.
Recipients of the grants will be shared at Transparent.Idaho.Gov when information is available.
