Grants to Hospitality Businesses of up to $50,000 will be available in Allegheny County next week

Tucker Arensberg, P.C.
Contact

Tucker Arensberg, P.C.

Allegheny County announced that its COVID-19 Hospitality Industry Recovery Program (CHIRP) will begin accepting applications at noon on Monday, March 15 at https://alleghenycounty.us/CHIRP. The program allows businesses in the hospitality industry that were affected by the pandemic to receive grants of up to $50,000 to offset losses.

WHO IS ELIGIBLE?

•     Businesses that lost 25% or more in gross receipts between 2019 and 2020;

•     Businesses that operate in Allegheny County;

•     Businesses with fewer than 300 full-time equivalent employees;

•     Businesses with a maximum tangible net worth of not more than $15 million;

•     Businesses that were in operation on February 15, 2020, remain in operation now, and do not intend to permanently cease operations within one year of the date of application; 

•     Businesses that have experienced an adverse economic impact from COVID-19 that make the grant request necessary to support the ongoing operations of the business; and

•     Businesses with a 6-digit North American Industry Classification System (NAICS) code beginning with  721 (Accommodation) or 722 (Food Services and Drinking Places); this is your principal business activity code listed on Line B of your 1040 Schedule C tax return filed for 2019.

WHAT IS REQUIRED TO APPLY FOR THE GRANT?

•     IRS tax form W9 with taxpayer identification number or federal employer identification number;

•     Number of full-time equivalency employees;

•     Electronic copy of 2019 Business Tax Return, if the return exists, or gross receipts by quarter for 2019;

•     Electronic copy of 2020 Business Tax Return, if the return exists, or gross receipts by quarter for 2020;

•     Bank name, account name, account type (checking, money market, etc.), bank account number, and bank routing number;

•     Electronic copy of voided check for account to which funds will be sent (paper checks will not be issued); and

•     Operating expenses (including rent, payroll, utilities, etc.) incurred between March 1, 2020 and time of application that have NOT already been offset by other grants, reimbursements or forgivable loans.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

© Tucker Arensberg, P.C.

Written by:

Tucker Arensberg, P.C.
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Tucker Arensberg, P.C. on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide