Option A allows applicants to apply for grant funds by calculating 25% of lost revenue when comparing the period January 1 to October 31, 2020 to the period January 1 to October 31, 2019.
Option B allows for applicants to apply for grant funds based upon specific expenses incurred from March 1, 2020 through the date of the application submission related to the COVID-19 public health crisis.
Businesses must specify at time of application whether the application is under Option A or Option B. Businesses can use both Options, but the maximum award over all Options and Rounds is $25,000.
Businesses that experienced an increase in revenue during the specified period and start-up businesses must apply using Option B.
Businesses that were acquired since December 31, 2018 must use Option B, unless financial information, including tax returns, of the former business are available.