Here is the list of Phase I business recipients for the Denton County OPEN business grants. Stay tuned for a second round for applications beginning June 22nd.
Denton County will launch Phase II of the OPEN (Operational Plan for Economic Normalization) Grant with $20 million available through grants for businesses physically operating within Denton County. The goal of this program is to help the businesses that have been negatively financially impacted by COVID-19.
If you still have questions after reading the information below, please email questions to OPENgrants@dentoncounty.gov or call 940-349-4280 from 8 a.m. to 5 p.m. Monday through Friday. The call center will be closed Friday, July 3rd due to the 4th of July holiday.
Denton County Commissioners Court is launching a small business grant program at noon on Monday, June 22, 2020, through noon on Tuesday, July 7, 2020, to provide up to $50,000 grants to qualifying Denton County businesses who have experienced a negative financial impact during the COVID-19 pandemic.
In Phase II of Denton County OPEN, for-profit businesses located in Denton County with 100 or fewer full time employees (excluding ineligible entities listed below) are eligible to apply.
The amount a business can receive will be based on the documented negative financial impact of COVID-19 between March 1, 2020 and June 20, 2020.
The eligible amount of the grant is the higher of:
The $20 million identified for the Denton County OPEN grant is a portion of the stimulus money Denton County received from the US Department of Treasury under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). Denton County is re-investing these funds into the Denton County OPEN program to benefit Denton County businesses impacted by COVID-19.
Grants awarded will be up to $50,000.
Individual grants will be awarded based on calculating the negative financial impact due to COVID-19. This may include not only lost revenue due to COVID-19, but also expenses related to implementing new equipment and protocols in your business to meet the CDC guidelines for safety.
Chapter 381 of the Local Government Code allows counties to administer and develop a program to make grants of public money to promote state or local economic development and to stimulate, encourage and develop business location and commercial activity in the county.