Overland Park received $3 million in funding from the American Rescue Plan Act of 2021. After robust engagement with the business community, the city chose CCF to administer three grant programs.
The three grant programs.
Applications have closed and funding has begun.
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ABOUT
Businesses meeting the eligibility criteria set under the Department of the Treasury’s Final Rule for American Rescue Plan Act (ARPA) funding support are invited to apply to the “Small Business Rescue Fund”. Community Capital Fund will administer this ARPA fund, with a maximum grant award of $50,000 per applicant. Funding for the program is limited and an application does not guarantee an award.
Eligible business types include for-profit businesses, non-profit organizations, home-based, and internet-based businesses located within the boundaries of Overland Park, KS.
USE OF FUNDS
1. Payroll
2. Rent or Mortgage Assistance (except for home-based and internet-based businesses)
3. Offsetting economic losses
4. Employee childcare support
5. Business improvement needs (e.g., energy efficiency and upgrades)
6. Workforce development and training
7. Other funding requests may be made on a case-by-case basis but will need pre-approval by CCF and the City of Overland Park, KS
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ABOUT
Businesses meeting the eligibility criteria set under the Department of the Treasury’s Final Rule for ARPA funding support are invited to apply to the “Impacted Industries Fund”. Community Capital Fund will administer this ARPA fund, with a maximum grant award of $50,000 per applicant. Funding for the program is limited and an application does not guarantee an award.
Eligible business types for this fund include industries that experienced job loss of more than eight percent due to the COVID-19 pandemic, identified below. Businesses must be located within the boundaries of Overland Park, KS.
1. Utilities
2. Management of Companies and Enterprises
3. Information
4. Education Services
5. Mining, Quarrying, Oil and Gas Extraction
6. Accommodation and Food Services (Hospitality, Travel and Tourism)
7. Creative Industries (Advertising + Marketing/ Architecture, Crafts, Design: Product, Graphic Design, Fashion, Film/TV/Radio/Photography, Publishing, Music, Performing & Visual Arts)
USE OF FUNDS
1. Payroll
2. Rent or Mortgage Assistance (except for home-based and internet-based businesses)
3. Offsetting economic losses
4. Employee childcare support
5. Business improvement needs (e.g., energy efficiency and upgrades)
6. Workforce development and training
7. Other funding requests may be made on a case-by-case basis but will need pre-approval by CCF and the City of Overland Park, KS
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ABOUT
Hotel businesses in Overland Park, KS have been particularly impacted by COVID-19 but often their annual revenue exceeds the cap for the Impacted Industries ARPA Fund. To provide support, Community Capital Fund (CCF) will administer a separate fund, with a maximum grant award of $50,000 for hotel businesses.
USE OF FUNDS
1. Payroll
2. Rent or Mortgage Assistance (except for home-based and internet-based businesses)
3. Offsetting economic losses
4. Employee childcare support
5. Business improvement needs (e.g.,., energy efficiency and upgrades)
6. Workforce development and training
7. Other funding requests may be made on a case-by-case basis but will need pre-approval by CCF and the City of Overland Park, KS
The funding for these three programs comes from the American Rescue Plan Act (ARPA) of 2021. To learn more about ARPA, click here.
All three grant programs seek to meet needs that were expressed by the business community and stakeholders during engagement sessions held in January of 2022.
Community Capital Fund hosted these sessions and compiled the data which was presented to Overland Park the following March. The presentation was held at a public meeting with the Finance, Administration and Economic Development Committee and may be viewed online.