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Yes. Please see the IRS guidance. The City of Little Canada will be responsible for issuing a 1099 form for tax reporting purposes.
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The U.S. Department of Treasury, as authorized under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, established a $150 billion relief fund to aid states, local, and tribal governments with populations over 500,000 people in their efforts to respond to the nationwide public health emergency caused by the coronavirus pandemic and COVID-19 outbreak. Funding has been allocated from Treasury to the State of Minnesota, and, in turn, the City of Little Canada as pass-through funds. Based on eligibility, small businesses physically located within the City of Little Canada are eligible to apply for funding.
Businesses must have a physical location in the City of Little Canada. The City of Little Canada will use legal documents to verify the addresses of businesses that apply for this grant.
The Small Business Relief Grant Program provides funding to assist small businesses facing financial hardship and/or business interruption due to the COVID-19 pandemic with financial assistance for necessary expenditures. Eligible expenses include:
Applications will be reviewed on a first-come, first considered/awarded basis. Awards will be made to applicants that submit a complete application and meet the minimum programcriteria. Please note that not all applicants will be funded.