Denton County Operational Plan for Economic Normalization (OPEN)
Business Grant Program, Phase 2 $20 million available for grants
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.
Denton County Commissioners Court launched 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.
Good Faith Certification as to truth and accuracy of information provided
Submit requested information and documentation
Certify the grant request is necessary due to conditions caused by COVID-19
Agreement to audit the use of grant funds received
Agreement to claw-back provisions if funds are used for ineligible purposes
Unsworn Declaration of Owner
Types of Businesses
Single-member limited liability company (LLC)
LLC treated as a partnership
LLC – C corporation
LLC – S corporation
Eligible Uses of Grant Proceeds
Payroll costs for employees or owners draw (sole proprietors/partners)
Rent, lease or interest on mortgage payment (for real property used for business purposes, like storefront or warehouse, excluding personal residence.)
Rent, lease or purchase payment for business property (e.g., delivery vehicle; food truck; kitchen equipment; technology, payment, and communications systems and equipment)
New or expanded technology applications and Wi-Fi services
Utility payments for business properties, excluding personal residence.
Cost of critical business operations (raw materials, marketing expenses, etc. payments)
PPE and sanitation supplies and equipment
Interest on other business debt obligations incurred before March 1, 2020, excluding personal residence.
Documentation of business (Choose one of the following)
Secretary of State Texas File number; State of Texas License number; DBA, 2018 or 2019 tax return (including all schedules);
Employer Identification Number or Individual Taxpayer Identification Number, (Example: Occupational license, Sales Tax Certificate)
Drivers’ license or state-issued ID
Most recent filed business tax return, if applicable
Most recent payroll report and number of employees – 1st QTR 941 for 2020, if applicable
Bank and income statements from January 1, 2020, to May 31, 2020. (If opened between January and May 2020, provide all requested statements for the life of the business. If a new business was never opened due to COVID-19, please include all losses including, but not limited to, rent, utilities, payroll, etc.)
For Sole Proprietor, applicants provide 2018 or 2019 Schedule C
Each business will be required, as part of the application process, to attest that they are not an “Ineligible Business” as listed below.
Submit documentation for proof of fund uses by February 15, 2021, including Form W-3, Form 941, utility statements, canceled checks/receipts or bank statements
Lobbying organizations and political organizations subject to Internal Revenue Code 527
Gambling Concerns, including casinos, racing operations or other activities whose purpose involves gambling
Concerns engaged in illegal activities under federal, state or local laws
A business that is otherwise prohibited by federal or Texas law
A business that is ineligible or precluded to receive federal or State of Texas funding due to federal laws (including but not limited to the CARES Act) or Texas laws