Restore RI | Rhode Island's COVID-19 Small Business Grant Program

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The Restore RI Grant Program is no longer accepting new applications or adjustment requests. Applications and adjustment requests that have already been received will be reviewed for eligibility and completion.

Questions about the Restore Rhode Island grant program can be sent by emailing info@commerceri.com

The RestoreRI program is no longer accepting new applications. Applications that have already been received will be reviewed for eligibility and completion.

Restore RI:  Helping small businesses & non-profits most affected by COVID-19

On October 14, it was announced maximum grant sizes are doubling from previous amounts, with awards now ranging up to $30,000. Non-profit organizations and child care businesses are also now eligible to apply.

Who is eligible?

If you answer ‘YES’ to these three questions below, we invite you to learn more and apply:

  1. Are you a small business or non-profit in Rhode Island? Businesses must have a physical location in Rhode Island and 50 or fewer full-time equivalent employees or qualifying independent contractors (no limit for restaurants and caterers). Sole proprietors, non-profit organizations, child care businesses, and businesses without employees or contractors (1099s) may now apply.
  2. Is your business or organization in an eligible industry? A full list of eligible industries can be found here
  3. Did your business or organization experience a major revenue (sales) drop due to COVID-19? Applicants must demonstrate a 30% or higher revenue (sales) drop in a month between March and July of 2020 (compared to the same month in 2019, January 2020, or February 2020) due to COVID-19.

Click here to review detailed program eligibility rules.

 

How do I apply?

To help you apply, please see a checklist here.

What Information do I need to apply?

All applicants:

  • Most recent business / organization tax return (sole proprietors must provide schedule C), ownership information, Business EIN/Tax ID
  • Revenue (sales) records for a month March to July of 2020 and for either the same month in 2019, January 2020 or February 2020.
  • DUNS number (federal requirement to receive grant funds). You may request one here. Important: when prompted to select the “Primary Reason for DUNS Number Registration,” please select “I’m a US Government Contractor or Grantee” from the dropdown menu. Selecting any other option could result in a 30 day wait for your DUNS number.
  • Records of your eligible expenses and information about state or federal funding you’ve received, including PPP, EIDL, Pandemic Unemployment Assistance, Unemployment Insurance, among others.
  • Owner info: government ID (e.g. driver’s license), SSN, and, if a business / sole proprietor, most recent tax return

Applicants with employees or independent contractors will also need:

If you need assistance scanning, saving and uploading these files to your application, please fill out this form to make an appointment with Rhode Island Commerce.

Have you already applied to the RestoreRI program but were ineligible under earlier program guidelines?  If your business is eligible under the new program rules, you do not need to submit a new application. Please contact us to discuss the next steps.

This program is facilitated by our partners at the Community Reinvestment Fund (CRF). Please look for emails from CRF staff (@crfusa.com) as you complete the application process.

Need assistance with your RestoreRI grant application?

Please join us for the following virtual training events:

  • More Commerce-led Zoom ‘office hours’ to be announced soon!

Grant Amounts

Grants of up to $30,000 are available depending on business size, industry, and revenue loss. Please use the below chart, and the grant calculator to estimate your grant amount.

 

Full-Time Equivalents
W-2 Employees or
Qualifying
Independent
Contractors
Non-profits or affected businesses in
severely impacted industries
Restaurants, caterers, accommodations, retail, arts, entertainment, recreation, personal care, travel agents, scenic/sightseeing, photographers, child care
Affected businesses in other eligible industries
Full list available here. Examples include manufacturing, construction, professional services, etc.
Owner only 5,000 3,000
1-3 9,000 5,000
4-5 13,000 9,000
6-7 17,000 13,000
8-9 21,000 17,000
10-11 25,000 21,000
12-13 29,000 25,000
14-50* 30,000

Amounts listed above are the maximum award amounts available and are limited to the amount of eligible expenses.

Businesses that have not reopened are limited to $1,000 until they reopen.

*Restaurants and caterers are not subject to the 50 FTE limit.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If I have already received a Restore RI grant, how do I request additional funds under the new program guidelines?

The deadline to submit an adjustment request was December 15, 2020 at 5:00 PM. Requests received by that deadline will be processed.

To request an increased grant, you will be asked to provide a list of eligible expenses that total the updated increased grant amount.  You may use the same expenses listed in the original grant application, new expenses, or a combination.  Future expenses are allowed.  Expenses must be between March 1, 2020 and December 1, 2020.  For example, if you received a $12,500 grant as part of your initial application and would like to request your grant be increased to $25,000, please list $25,000 of eligible expenses.

If you submitted an adjustment request prior to the deadline, a representative from the Restore RI program will contact you within 7 business days of your submission to discuss next steps. Note that you will need to provide appropriate documentation to support your grant adjustment request prior to receiving additional funds.

 

FAQs and Downloads
Helpful Resources

To assist businesses with completing the Restore Rhode Island Grant Program application, we have partnered with several community organizations. Please find their contact information and other resources below.

Commerce:

Center for Southeast Asians:

Hispanic Chamber:

  • Contact Information: 401-400-1340 or info@rihispanicchamber.org
    • In person/Zoom application assistance available M-F, 9a-5p; appointments required. Call 401-400-1340 to schedule.
  • Areas of Expertise:
    • Spanish-speaking businesses

Newport Chamber:

Multicultural Innovation Center

  • Contact Information: Click here or call (401) 757-0055
  • Areas of Expertise:
    • Minority- and women-owned businesses
    • English & Spanish

Rhode Island Black Business Association:

  • Contact Information: Click here or call 401-383-1179
  • Areas of Expertise:
    • Black-owned businesses

Rhode Island Hospitality Association:

  • Contact Information: 401-223-1120
    • In-person assistance available, appointments required. Call 401-223-1120
    • Areas of Expertise:
      • Hospitality industry
      • Restaurants, hotels, tourism-related businesses

RISCPA/Rhode Island Society of Certified Public Accountants

  • Areas of expertise:
    • FREE training, assistance and resources for businesses
    • Financial -grant and loan application assistance
    • Legal (compliance/entity positioning) credit/cash flow, strategic & business plan creation
    • HR (paid leave, employee handbook updates) and ZOOM training

RI SCORE:

  • Contact Information: Schedule a mentor request
  • Areas of Expertise:
    • Technical questions
    • Business entity questions
    • One on one support

RI Small Business Development Center (SBDC)

  • Contact information: Register for counseling here.
  • Areas of expertise:
    • Technical and financial questions
    • Business entity questions
    • Business continuity evaluation and planning
    • One on one support

Social Enterprise Greenhouse 

Contact

Businesses that require assistance may contact the Rhode Island Commerce Small Business Hotline by clicking here.

 

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