MADE CDC Small Business Relief

Pay It Forward MADE Grant Program

Pay It Forward MADE Grant Program

The MADECDC formed an emergency relief funding process aiming to allocate funds to help mitigate COVID-19 related financial losses that Mason area businesses have suffered. Funding for this program has been donated by residents and businesses who support Mason and Deerfield small businesses. Additional follow up according to specific programs may be necessary.

 

Through the program, the MADE CDC seeks to make grants and funding available to Mason area small businesses to enable continuity through and/or beyond the COVID-19 pandemic. 


Eligibility Requirements

  • Must be a Mason or Deerfield business employing no more than 50 employees prior to February 29, 2020 (some programs may be specific to municipality and would exclude your business from eligibility).

  • Must be a brick and mortar business.

    • ​The business must be open to the public, or have been open to the public the week preceding Ohio’s Stand in Place Order, with regular business hours.

    • Preference will be given to for-profit, consumer-based businesses, such as those who rely on walk-in customer activity, like restaurants, salons/barbershops, retail shops and breweries/bars.

    • Preference will also be given to locally-owned businesses.

  • Must be current in all local, state and federal obligations (taxes, assessments, etc.).

  • Must be impacted by COVID-19 pandemic.

Relief Program Particulars

  • Award may not be used for capital expenses or payment of taxes or assessments. 

  • Award amount will be determined against critical need and available funding.

  • The business will aver that awarded funds will be used primarily for maintaining operations or reopening business (such as payroll, utilities, loan repayments, rent, PPE, etc.).

  • The business will aver that it is currently active, lawful, and has all necessary and required licenses and registrations.

  • The business cannot be a direct sales company (i.e. selling products directly to the consumer in a non-retail environment).

  • The business will aver to report how the funds have helped the business and to what purposes the funds were applied.

Deadline to Apply:

Round Two CLOSED: Application window open from May 12  @ 12pm - May 15, 2020 @ 11:59pm. 

Round One CLOSED: Application window open from April 23 - April 27, 2020.  

A selection committee comprised of volunteer business and community leaders will review the applications and determine the fund allocations. A copy of the NDA signed by all members affiliated with these grant programs is included here.

 

Pay It Forward Grant Funding

Should a business receive a grant through the crowd-funding campaign, "Pay it Forward MADE," the business will aver that, should it return to or maintain prosperity, it will use its best efforts to contribute to the Pay It Forward Fund in an amount equal to the grant it received. The funds will be created and administered by the MADE CDC to assist area businesses in future economic emergencies. This is a fund separate from MADE CDC general operations.

All funds raised through our crowd-funding effort will be allocated to local businesses in need, with the exception of the fees collected by PayPal and Donorbox.  The MADE CDC will not retain any of the funds raised for operations.  

City of Mason and MADE CDC

Small Business Recovery Initiative Program

Purpose

Offered in partnership with the City of Mason, this program is intended to provide up to $3,500 in cash to Mason small businesses in exchange for 50% off stimulus vouchers to that business for future use. The City of Mason has allocated $160,000 in funds for this program.  If all stimulus vouchers are fully redeemed, it will infuse an additional $160,000 into local businesses, leading to a $320,000 marketplace stimulation program.

Relief Program Particulars

Businesses who apply for this program will receive a direct cash award of up to $3,500. The amount of the award will be determined based on review of all applications and dependent on the number of applications received.  The MADECDC will produce the same value as the cash award in 50% off “stimulus vouchers”, redeemable exclusively for purchases of goods and services at your business. The City of Mason will distribute these stimulus vouchers directly to Mason residents.  As a result of your participation in this program, receipt of the maximum award of $3,500 could generate $7,000 of revenue to your business, upon redemption of the stimulus vouchers. 

Eligibility Requirements

  • No requirement to be a MADE Chamber member.

  • The business must be a small business within the City of Mason limits.

  • The business must be open to the public or have been open to the public the week preceding Ohio's Stand in Place Order, with regular business hours (March 15 for food and beverage businesses and March 19 for remaining businesses) .

  •  The business should be a direct sales, consumer-based business, such as those that rely on walk-in customer activity, such as restaurants, salons/barbershops, retail shops and breweries/bars. Program not available to corporate franchise ownership.

  • The business shall be in compliance with all City Ordinances and in good standing with the City of Mason.

  • The business shall have 50 employees or less.

Deadline to apply:
Applications Process CLOSED

A Selection Committee comprised of volunteer business and community leaders, as well as a representative from the City of Mason, will review the applications and determine the fund allocations. All members have signed a NDA form.

The City has a strong commitment to a culture of wellness and has dedicated over $2 million to the economic health and recovery of Mason’s small businesses through a number of Small Business Recovery Programs.  The City and MADECDC relief funding program is just one mechanism.  Mason’s small businesses are encouraged to check out additional programs at Reimaginemason.org

Mail

MADE Community Development Corporation

316 W Main Street

Mason, OH 45040

Online

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