Local news. Locally owned.

Idaho outlines guidelines for $10,000 rebound grants

Tamarack Summer
Idaho Business pres. by My 102.7

The State of Idaho outlined how its Idaho Rebound grant program for businesses will work. BoiseDev first broke word of the program last week.

The program will dole out $300 million in cash from the federal Coronavirus Relief Fund given to the state.

“(The program will) alleviate some of the impact of this pandemic, and obviously kick-starting some of the small businesses that have been affected is a good idea,” Idaho Gov. Brad Little told us last week.

The grants are available to a business that didn’t get an SBA loan via the Paycheck Protection Program unless they got a grant less than $10,000.

A number of business types are eligible, including sole proprietorships, partnerships, C-corps, S-corps, LLCS, nonprofits, and tribal businesses.

- Story continues below ads -
Regence Blue Shield of Idaho
Tamarack: Thrill, Grill, Chill

To qualify, the guidelines say a business must have “suffered a qualified business interruption.” The state says a business must show reduced sales, suspended operations, increased costs or disrupted supply.

The guidelines say businesses can use the cash for personal protective equipment, inventory, equipment, rent or utilities.

One group of businesses left out? Solo entrepreneurs. To qualify, a business must have between one and 50 employees – and the owner can’t count as an employee. The state instead points solo entrepreneurs to its unemployment program. It also excludes business with 51 or more employees.

Businesses can apply online – the state will accept applications in two waves. Entities with one to 19 employees can start appluing on May 11th. Businesses up to 50 employees can start the applicaiton process on May 18th – so long as funds remain available.

The state will make a list of all the businesses that receive a grant available online. The information will include names, industry category, and amount awarded.

Love our stories? Get them delivered straight to your inbox each afternoon. Plus, support BoiseDev's independent journalism.

Festival’s cancellation leads to likely loss of millions in tourism spending

The annual Sun Valley event the Trailing of the Sheep Festival brings in thousands of tourists. Now, with the event canceled by...

Econnmerce, clothing, RVs and more: Dozens of Idaho businesses hit ‘fastest-growing’ list

Inc. Magazine released its lists of the top 5,000 fastest-growing private companies in the country. A total of 27 Idaho-based businesses...

COVID-19 task force promotes prevention and provides resources

When COVID-19 reached Idaho, people in Valley County knew they had limited medical facilities. With intentions to limit the spread, the idea...

West Valley will now let you call a nurse – free

Have a medical question but don't want to go to the doctor's office or emergency room? West Valley Medical Center has launched...

Popular

With drive-thrus booming, closed ice cream & burger stand will reopen in Boise

Freddy's Frozen Custard & Steakburgers opened a store on Broadway Ave. in Boise. Less than two years later, shut it down.

Another record for Boise-area home sales; median price nears $400,000

If it seems like we're a broken record on broken records - we are. The real estate market in...

Big road project will remake winding, dangerous part of Boise-McCall route

Drive between McCall and Boise often? Get ready for the orange barrels. And delays. Years of them.

Large tenant backs out of lease of old Shopko warehouse

Turns out the old Shopko distribution center in Boise won't be so lit. We told you last year that...

Portion of Boise’s 8th Street will get a makeover: bikes, sidewalks, patios

Capital City Development Corporation (CCDC) began construction this week on 8th Street between Bannock Street and State Street in Downtown Boise.

You asked: Here’s what is going into former Toys ‘R’ Us space in Village at Meridian

While two big box retailers will leave the Village at Meridian in coming weeks, the shopping center will add one back.

Related

Boise looks to buy large piece of foothills land from governor’s family with levy funding

The City of Boise said Monday it hopes to buy about half a square mile of land in the Boise foothills, using...

Idaho doesn’t meet metrics, will remain in stage four of COVID recovery plan

By Katie Kloppenburg / Idaho News 6 The Gem State is remaining in stage...

‘A big hairy piece of ground:’ Idaho considers land swap on Payette Lake

By Kevin Richert / Idaho Ed News The state Land Board set the stage Tuesday for a detailed review of endowment...

COVID-19, where things stand: With stage 4 starting, numbers edge up, officials warn of bar “cluster”

Yesterday, Gov. Brad Little announced Idaho would move to stage four of the state's reopening plan. In a news release later...
SERVPRO of Boise

Latest

Proposal would add 20 townhomes along Federal Way rim

Two single-family homes along the Federal Way rim in Boise could soon give way to an in-fill subdivision on the Boise Bench....

Another record for Boise-area home sales; median price nears $400,000

If it seems like we're a broken record on broken records - we are. The real estate market in...

Festival’s cancellation leads to likely loss of millions in tourism spending

The annual Sun Valley event the Trailing of the Sheep Festival brings in thousands of tourists. Now, with the event canceled by...

High school students created ‘Ribbon of Jewels’ park tour to honor legacy of Boise women

Students from OneStone didn't let the pandemic stop them from celebrating their annual Empow Summit. OneStone is a student-led...

Econnmerce, clothing, RVs and more: Dozens of Idaho businesses hit ‘fastest-growing’ list

Inc. Magazine released its lists of the top 5,000 fastest-growing private companies in the country. A total of 27 Idaho-based businesses...

With drive-thrus booming, closed ice cream & burger stand will reopen in Boise

Freddy's Frozen Custard & Steakburgers opened a store on Broadway Ave. in Boise. Less than two years later, shut it down.