Small Business Assistance Program
ABOUT THE GRANT PROGRAM
Rebound Royal Oak Small Business Assistance Program
To help local businesses recover from the impact of the COVID-19 Pandemic
In an effort to maintain property values and prevent economic deterioration, the Royal Oak Downtown Development Authority has established the Rebound Royal Oak Small Business Recovery Program. The program is intended to help eligible businesses in the downtown development district affected by the state of emergency, subsequent executive orders, and economic disaster following the coronavirus pandemic.
The program is intended to assist eligible businesses that have business-related expenses, such as rent, payroll, or other business-relevant activities.
Applications are now closed.
ELIGIBILITY TO APPLY
Are you eligible?
The program will assist small businesses that have been specifically or effectively closed by executive order, who are either salons, restaurants, retailers, coffee shops, or entertainment venues, and who have no more than 50 employees, and are located within the Royal Oak Downtown Development District.
To be considered for assistance, qualified businesses must complete an application and provide information about their general financial circumstances, including copies of their last three rent or mortgage payments, the length of their leases or mortgages, and documentation of payroll hours.