What types of business are NOT eligible to participate in the program?

Ineligible businesses include:

  • Businesses
    that do not have a physical address within the City.
  • Businesses
    that derive income from passive investments without operational ties to
    operating businesses within the City; real estate transactions; property
    rentals or property management. 
  • Businesses
    that primarily focus in on speculative activities based on fluctuations in
    price rather than the normal course of trade.
  • Businesses
    that primarily generate income from gambling activities.
  • Businesses
    that engage in activities prohibited by law.
  • Businesses
    that have no current or historical financial statements.
  • Businesses
    that earn revenue from pyramid schemes, lending services and/or day
    trading/short term investments.
  • Businesses
    that previously received emergency funds from the city during the current round
    of funding.

Show All Answers

1. How is the Coronavirus Relief Fund (CRF) being funded?
2. What is the eligibility criteria for the Small Business Emergency Assistance Grant Program?
3. What types of business are NOT eligible to participate in the program?
4. My small business employs three or more individuals on a part-time or seasonal basis. Are we eligible to apply?
5. My small business does not have a physical location in the City of Arden Hills, but the majority of the clients/customers Arden Hills residents. Can we apply?
6. My small business only operates on a seasonal basis, not year-round. Are we eligible to apply?
7. How many employees must I employ to be eligible to apply?
8. I own multiple business locations and my IRS 941 will show more than 45 employees. Can I apply for this grant?
9. Are there limits on how the grant can be used?
10. Can I apply for more than the $5,000 award ceiling?
11. What types of expenses are ineligible for this grant program?
12. Will this grant be considered taxable income?
13. How will awardees be selected to receive funding?