Economic Development2022-09-02T08:33:37-05:00

Economic Development.

Economic Development.

The Economic Development staff are here to connect you with resources and programs to expand or locate your business in the City of Elkhart. The Economic Development Department is responsible for the administration of several economic development incentives and programs, including:
  • Tax Phase-ins for real and personal property
  • Providing support letters for Riverfront Development District licenses
  • Small business loan funds through the Aurora Capital Development Corporation (ACDC)
  • Providing staff support for the Economic Development Corporation
Downtown Elkhart

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574-294-5471 EXT 1027

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574-294-5471

The Economic Development staff are here to connect you with resources and programs to expand or locate your business in the City of Elkhart. The Economic Development Department is responsible for the administration of several economic development incentives and programs, including:
  • Tax Phase-ins for real and personal property
  • Providing support letters for Riverfront Development District licenses
  • Small business loan funds through the Aurora Capital Development Corporation (ACDC)
  • Providing staff support for the Economic Development Corporation
Downtown Elkhart

.

574-294-5471 EXT 1027

.

574-294-5471

Notifications.

COE Economic Development Resources

Small Business Awards up to $25,000.00

City of Elkhart We THRIVE!

Coming Soon

Recent News.

Notifications.

COE Economic Development Resources

Small Business Awards up to $25,000.00

City of Elkhart We THRIVE!

Coming Soon

Recent News.

Incentives

Elkhart takes the initiative to invest in its future by offering competitive incentives to companies who are creating jobs and driving innovation in Elkhart.

Aurora Capital
Loan Fund

VIEW MORE

Gateway Mile
Loan Fund

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Incentives

Elkhart takes the initiative to invest in its future by offering competitive incentives to companies who are creating jobs and driving innovation in Elkhart.

Aurora Capital
Loan Fund

VIEW MORE

Gateway Mile
Loan Fund

VIEW MORE

Riverfront

Development District.

The Elkhart Municipal Riverfront Development District is a tool to encourage the revitalization of Downtown Elkhart and the surrounding area.

VIEW MORE
Business and Economic Development

Riverfront

Development District.

The Elkhart Municipal Riverfront Development District is a tool to encourage the revitalization of Downtown Elkhart and the surrounding area.

VIEW MORE

Recent News.

Elkhart

Urban Enterprise Assoc.

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574 294-5471 x 1027

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About.

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The Elkhart Urban Enterprise Association (EUEA) oversees the Elkhart Urban Enterprise Zone (EUEZ) and its programs that address the two-fold mission of the EUEA:
  • Increase the number of jobs in the EUEZ by the retention and expansion of existing businesses, and the attraction and development of new businesses.
  • Improve the quality of life of Zone residents, improve Zone residents’ employability and fill Zone jobs with Zone residents.
The Elkhart Urban Enterprise Zone (EUEZ) is an area of the community that is targeted for physical revitalization, job creation and improvements in social and economic conditions. The designated area includes downtown Elkhart and its nearby neighborhoods, as well as the residential and industrial areas located on the southwest portion of the community.

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The EUEA Board & Officers

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James Gardner, President

Therese Geise, Vice President

Bill Lavery, Treasurer

Kevin Bullard, City Council Representative

Arvis Dawson, Zone Resident Representative

Kristine Smole, Economic Development

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The EUEA Staff

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Sherry Weber, Clerical Services

Tax

Incentives.

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The Elkhart Urban Enterprise Association (EUEA) oversees the Enterprise Zone, an area of the urban community targeted for physical revitalization, job creation, and improvements in social and economic conditions. In Elkhart, the Enterprise Zone includes the downtown and its surrounding neighborhoods, as well as its southwest residential and industrial areas.

Property Tax Investments

This refers to the increased value of an Enterprise Zone business property due to
real and/or personal property investment. The added valuation may be deducted for
up to 10 years. Qualified investments include: purchase of an existing building,
repair/rehab/modernization of an existing building, construction of a new building,
onsite infrastructure improvements, purchase of new manufacturing or production
equipment, or retooling of existing equipment.

Investment Cost Credit

Purchasers of ownership interest in a business located in the Zone may be
eligible for credit against their state tax liability. The allowable credit percentage —
of up to 30% — depends on the type of investment, the type of business and the
number of jobs created. This credit may be applied against individual or
corporate Adjusted Gross Income Tax liability. The Indiana Economic
Development Corporation determines the qualification and the credit percentage
allowed — prior to the purchase.

Employment Expense Credit

Enterprise Zone employers can earn tax credits for employing Zone residents. The
credit is the lesser of 10% of the increase in wages paid to qualified employees or
$1,500 multiplied by the number of those employees. The credit may be applied
against Individual or Adjusted Gross Income Tax, Financial Institutions Tax or
Insurance Premiums Tax liabilities.

Lenders associated with the Enterprise Zone may be eligible for loan interest credit. An individual or business that pays taxes in Indiana is entitled to a tax credit on interest income earned from a loan that directly benefits an Enterprise Zone business, increases Enterprise Zone property values or is used to rehab/repair/improve a Zone residence. The credit is equal to 5% of the loan interest received during the year. This credit may be applied against the individual or corporate Adjusted Gross Income Tax, Financial Institutions Tax or the Insurance Premiums Tax. Note: To receive those tax incentives, the lender need not to be located in the Enterprise Zone.

Residents who both live and work in Elkhart’s Enterprise Zone (EZ) may also benefit from potential tax-savings. They are qualified if they live in the EZ, they work at least 50% of the time within the EZ and at least 90% of their services as an EZ employee are directly related to the facility where they work within the EZ. If eligible, they may deduct half of their adjusted gross income earned during the year, up to a maximum deduction of $7,500. This could result in an annual tax savings for each resident of up to $255 if they are qualified and if their earnings within the EZ equal or exceed $15,000.

Indiana

Tax Forms.

.

.

Business

Property Tax Investment Deduction:  Form EZ-2 (Indiana State Form 52501). To qualify for the Investment Cost Credit and prior to purchase of a property, a taxpayer must request the Indiana Economic Development Corporation determine whether a purchase of ownership in a business located in an Enterprise Zone is a qualified investment and the credit percentage to be allowed.

Employment Expense Credit :  Schedule EZ 1, 2, 3 (Indiana State Form 49178)

Lenders

Loan Interest Credit: Schedule LIC (Indiana State Form 21926)

Employees

Enterprise Zone Qualified Employee Deduction: Schedule IT-40QEC (Indiana State Form 21928)

To learn more or to download the Indiana State tax forms, go online: www.in.gov/dor (Department of Revenue).

Grant

Programs.

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The Elkhart Urban Enterprise Association (EUEA) offers a Neighborhood Grant Program to neighborhood associations within the Elkhart Urban Enterprise Zone (EUEZ) to assist them with costs associated with neighborhood-sponsored projects and programs. The award amount will be based on the overall financial need of the project up to a $500 amount. Eligible grants include but are not limited to:

  • Newsletter publications
  • Neighborhood block parties and/or other events
  • Clean-up and/or beautification activities (landscaping improvements, community gardens, etc.)
  • Public art programs and beautification projects

Grants must be used in the year they are awarded.  Any unused grant funds will not carry over into the next year. Grant payments are made directly to vendors upon receipt of invoices or reimbursement can be made to the neighborhood after receipts showing payment are presented.

Click here for the Neighborhood Grant application.

The Elkhart Urban Enterprise Association (EUEA) offers an Emergency Relief Fund to locally owned, small businesses within the Elkhart Urban Enterprise Zone (EUEZ) that have been economically impacted by COVID-19 related to loss of revenue. This is a grant and requires no repayment of the awarded funds.  Eligible grants include but are not limited to:

  • Rent
  • Mortgage payments
  • Utility payments
  • Subscriptions

The deadline to apply is 5:00 p.m. Thursday, April 15, 2021. 

Click here for the Emergency Relief Fund Application.

Association

Scholarship.

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The Elkhart Urban Enterprise Association (EUEA) offers an Enterprise Zone Scholarship as a part of its mission to improve the quality of life for Zone residents.

Applicants must live and/or work in the Elkhart Enterprise Zone and have received a high school diploma or equivalent (GED) prior to the start of the degree program chosen. The EUEA scholarship program is available to traditional and non-traditional students at an Indiana institution. Students of apprenticeship programs, vocational training programs, trade schools, technical schools, colleges and universities are eligible. Both part-time and full-time students are eligible.

Scholarship finalists will be required to attend a EUEA board meeting and make an informal presentation.

Eligibility

  • Must live or work in the Elkhart Urban Enterprise Zone
  • Must have a high school diploma or equivalent (GED) prior to the start of the fall semester
  • Must be enrolled or accepted to an Indiana institution
  • Be considered at least a part-time student by school or training program
  • Must submit transcript after each semester

Requirements

  • Submit the completed application
  • Write a 500 word essay how the scholarship would help you achieve your educational/career goal(s)
  • Provide Official School or Program Transcript
  • If available, submit a resume
  • Attend an EUEA Board meeting and make an informal presentation
  • Provide proof of enrollment, tuition and book costs
  • If already attending, have at least a 2.0 (C) Grade Point Average
  • If you fall below a 2.0 Grade Point Average, no further funds will be awarded

Guidelines

  • Scholarships are up to $1,000 per academic year, with a lifetime maximum cap of $4,000
  • Scholarships are made payable to the school or training program
  • All documentation must be submitted before an application will be considered

Application and all required materials due to the Elkhart Urban Enterprise Association

by May 7, 2021, at 5:00 pm

2021 Application

*The EUEA reserves the right to reject any and all applications

Zone

Map.

.

.

Find out if you live, work, or both in the Enterprise Zone!

Elkhart

Urban Enterprise Assoc.

.

574 294-5471 x 1027

.

About.

.

.

.

The Elkhart Urban Enterprise Association (EUEA) oversees the Elkhart Urban Enterprise Zone (EUEZ) and its programs that address the two-fold mission of the EUEA:
  • Increase the number of jobs in the EUEZ by the retention and expansion of existing businesses, and the attraction and development of new businesses.
  • Improve the quality of life of Zone residents, improve Zone residents’ employability and fill Zone jobs with Zone residents.
The Elkhart Urban Enterprise Zone (EUEZ) is an area of the community that is targeted for physical revitalization, job creation and improvements in social and economic conditions. The designated area includes downtown Elkhart and its nearby neighborhoods, as well as the residential and industrial areas located on the southwest portion of the community.

.

The EUEA Board & Officers

.

James Gardner, President

Therese Geise, Vice President

Bill Lavery, Treasurer

Kevin Bullard, City Council Representative

Arvis Dawson, Zone Resident Representative

Kristine Smole, Economic Development

.

Tax

Incentives.

.

.

The Elkhart Urban Enterprise Association (EUEA) oversees the Enterprise Zone, an area of the urban community targeted for physical revitalization, job creation, and improvements in social and economic conditions. In Elkhart, the Enterprise Zone includes the downtown and its surrounding neighborhoods, as well as its southwest residential and industrial areas.

Property Tax Investments

This refers to the increased value of an Enterprise Zone business property due to
real and/or personal property investment. The added valuation may be deducted for
up to 10 years. Qualified investments include: purchase of an existing building,
repair/rehab/modernization of an existing building, construction of a new building,
onsite infrastructure improvements, purchase of new manufacturing or production
equipment, or retooling of existing equipment.

Investment Cost Credit

Purchasers of ownership interest in a business located in the Zone may be
eligible for credit against their state tax liability. The allowable credit percentage —
of up to 30% — depends on the type of investment, the type of business and the
number of jobs created. This credit may be applied against individual or
corporate Adjusted Gross Income Tax liability. The Indiana Economic
Development Corporation determines the qualification and the credit percentage
allowed — prior to the purchase.

Employment Expense Credit

Enterprise Zone employers can earn tax credits for employing Zone residents. The
credit is the lesser of 10% of the increase in wages paid to qualified employees or
$1,500 multiplied by the number of those employees. The credit may be applied
against Individual or Adjusted Gross Income Tax, Financial Institutions Tax or
Insurance Premiums Tax liabilities.

Lenders associated with the Enterprise Zone may be eligible for loan interest credit. An individual or business that pays taxes in Indiana is entitled to a tax credit on interest income earned from a loan that directly benefits an Enterprise Zone business, increases Enterprise Zone property values or is used to rehab/repair/improve a Zone residence. The credit is equal to 5% of the loan interest received during the year. This credit may be applied against the individual or corporate Adjusted Gross Income Tax, Financial Institutions Tax or the Insurance Premiums Tax. Note: To receive those tax incentives, the lender need not to be located in the Enterprise Zone.

Residents who both live and work in Elkhart’s Enterprise Zone (EZ) may also benefit from potential tax-savings. They are qualified if they live in the EZ, they work at least 50% of the time within the EZ and at least 90% of their services as an EZ employee are directly related to the facility where they work within the EZ. If eligible, they may deduct half of their adjusted gross income earned during the year, up to a maximum deduction of $7,500. This could result in an annual tax savings for each resident of up to $255 if they are qualified and if their earnings within the EZ equal or exceed $15,000.

Indiana

Tax Forms.

.

.

Business

Property Tax Investment Deduction:  Form EZ-2 (Indiana State Form 52501). To qualify for the Investment Cost Credit and prior to purchase of a property, a taxpayer must request the Indiana Economic Development Corporation determine whether a purchase of ownership in a business located in an Enterprise Zone is a qualified investment and the credit percentage to be allowed.

Employment Expense Credit :  Schedule EZ 1, 2, 3 (Indiana State Form 49178)

Lenders

Loan Interest Credit: Schedule LIC (Indiana State Form 21926)

Employees

Enterprise Zone Qualified Employee Deduction: Schedule IT-40QEC (Indiana State Form 21928)

To learn more or to download the Indiana State tax forms, go online: www.in.gov/dor (Department of Revenue).

Grant

Program.

.

.

The Elkhart Urban Enterprise Association (EUEA) offers a Neighborhood Grant Program to neighborhood associations within the Elkhart Urban Enterprise Zone (EUEZ) to assist them with costs associated with neighborhood-sponsored projects and programs. The award amount will be based on the overall financial need of the project up to a $500 amount. Eligible grants include but are not limited to:

  • Newsletter publications
  • Neighborhood block parties and/or other events
  • Clean-up and/or beautification activities (landscaping improvements, community gardens, etc.)
  • Public art programs and beautification projects

Grants must be used in the year they are awarded.  Any unused grant funds will not carry over into the next year. Grant payments are made directly to vendors upon receipt of invoices or reimbursement can be made to the neighborhood after receipts showing payment are presented.

Click here for a grant application.

Association

Scholarship.

.

.

The Elkhart Urban Enterprise Association (EUEA) offers an Enterprise Zone Scholarship as a part of its mission to improve the quality of life for Zone residents.

Applicants must live and/or work in the Elkhart Enterprise Zone and have received a high school diploma or equivalent (GED) prior to the start of the degree program chosen. The EUEA scholarship program is available to traditional and non-traditional students at an Indiana institution. Students of apprenticeship programs, vocational training programs, trade schools, technical schools, colleges and universities are eligible. Both part-time and full-time students are eligible.

Scholarship finalists will be required to attend a EUEA board meeting and make an informal presentation.

Eligibility

  • Must live or work in the Elkhart Urban Enterprise Zone
  • Must have a high school diploma or equivalent (GED) prior to the start of the fall semester
  • Must be enrolled or accepted to an Indiana institution
  • Be considered at least a part-time student by school or training program
  • Must submit transcript after each semester

Requirements

  • Submit the completed application
  • Write a 500 word essay how the scholarship would help you achieve your educational/career goal(s)
  • Provide Official School or Program Transcript
  • If available, submit a resume
  • Attend an EUEA Board meeting and make an informal presentation
  • Provide proof of enrollment, tuition and book costs
  • If already attending, have at least a 2.0 (C) Grade Point Average
  • If you fall below a 2.0 Grade Point Average, no further funds will be awarded

Guidelines

  • Scholarships are up to $1,000 per academic year, with a lifetime maximum cap of $4,000
  • Scholarships are made payable to the school or training program
  • All documentation must be submitted before an application will be considered

Application and all required materials due to the Elkhart Urban Enterprise Association

by May 1, 2020, at 5:00 pm

*The EUEA reserves the right to reject any and all applications

Zone

Map.

.

.

Find out if you live, work, or both in the Enterprise Zone!

River

District.

Elkhart’s Downtown Main Street has made major improvements in recent years, including sustaining more active restaurants, retail, art galleries, and market-rate housing available above downtown merchants.  For such downtown development to be deemed successful, the market must respond by actively redeveloping the neighborhoods surrounding downtown Main Street.

River

District.

Elkhart’s Downtown Main Street has made major improvements in recent years, including sustaining more active restaurants, retail, art galleries, and market rate housing available above downtown merchants.  For such downtown development to be deemed successful, the market must respond by actively redeveloping the neighborhoods surrounding a downtown Main Street.

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.

Small Business Continuity Program.

Elkhart is home to several thousand businesses, representing several industrial sectors, ranging in size from less than 10 employees to several hundred. Over a thousand of these businesses are small (less than 25 employees) and are critical components of the local and state supply chain. The recent pandemic negatively impacted many viable and thriving businesses, making their success more vulnerable.

The City of Elkhart values our small business community as a key component to a healthy local economy. Many of our small businesses have been challenged throughout the COVID-19 pandemic with closings, supply-chain disruptions, labor shortages and more. This has increased the vulnerability of small businesses who often do not have the cash reserves or technical assistance to weather these unexpected disruptions, sometimes leading to permanent closings. The Small Business Continuity Program is designed to create a more resilient small business community by providing the funding to relieve some immediate needs and/or for tools that build capacity to better position businesses to overcome the unexpected challenges brought on by the COVID-19 pandemic.

The City of Elkhart has appropriated $400,000 of American Rescue Plan Act dollars to fund the Small Business Continuity Program. Over $200,000.00 has been awarded to Elkhart’s Small Businesses. Due to remaining funds from the first two rounds, the City of Elkhart is offering another opportunity for small business owners to apply for the grant.

There are two primary goals of the program. The first is to provide relief where needed for immediate routine expenses like rent/mortgage and utilities. The second is to help small businesses build the capacity needed to adjust and rebound from unexpected challenges. Examples of permissible uses for capacity building are technology upgrades, training, technical assistance, signage or façade upgrades, supply change diversification, space expansion or reconfiguration, and marketing.

The maximum award amount for any business is 10% of your total revenue from 2019 up to $25,000. If the business did not exist for the full year of 2019, the maximum a business may receive is 10% of your total revenue from 2020 up to $25,000. While businesses may submit an application for both rounds, a business will not be awarded more than one grant.

We expect the amount of requests will exceed the amount of funding available. Therefore, submission of a qualifying application does not guarantee that a business will be awarded funds. Eligibility and selection criteria are outlined below.

Please note as a part of the application process, you will be asked to upload proof of negative business impact as a consequence of the COVID-19 pandemic. Please carefully review the list of required documentation and Frequently Asked Questions before completing your application. Failure to provide all of the required documentation could lead to the elimination of your application. Applications won’t be considered complete until all documentation is provided. Please contact Trina Harris at 574-596-7947 if you have questions about the application or the required documentation.

.

.

Small Business Continuity Program.

Elkhart is home to several thousand businesses, representing several industrial sectors, ranging in size from less than 10 employees to several hundred. Over a thousand of these businesses are small (less than 25 employees) and are critical components of the local and state supply chain. The recent pandemic negatively impacted many viable and thriving businesses, making their success more vulnerable.

The City of Elkhart values our small business community as a key component to a healthy local economy. Many of our small businesses have been challenged throughout the COVID-19 pandemic with closings, supply-chain disruptions, labor shortages and more. This has increased the vulnerability of small businesses who often do not have the cash reserves or technical assistance to weather these unexpected disruptions, sometimes leading to permanent closings. The Small Business Continuity Program is designed to create a more resilient small business community by providing the funding to relieve some immediate needs and/or for tools that build capacity to better position businesses to overcome the unexpected challenges brought on by the COVID-19 pandemic.

The City of Elkhart has appropriated $400,000 of American Rescue Plan Act dollars to fund the Small Business Continuity Program. Over $200,000.00 has been awarded to Elkhart’s Small Businesses. Due to remaining funds from the first two rounds, the City of Elkhart is offering another opportunity for small business owners to apply for the grant.

There are two primary goals of the program. The first is to provide relief where needed for immediate routine expenses like rent/mortgage and utilities. The second is to help small businesses build the capacity needed to adjust and rebound from unexpected challenges. Examples of permissible uses for capacity building are technology upgrades, training, technical assistance, signage or façade upgrades, supply change diversification, space expansion or reconfiguration, and marketing.

The maximum award amount for any business is 10% of your total revenue from 2019 up to $25,000. If the business did not exist for the full year of 2019, the maximum a business may receive is 10% of your total revenue from 2020 up to $25,000. While businesses may submit an application for both rounds, a business will not be awarded more than one grant.

We expect the amount of requests will exceed the amount of funding available. Therefore, submission of a qualifying application does not guarantee that a business will be awarded funds. Eligibility and selection criteria are outlined below.

Please note as a part of the application process, you will be asked to upload proof of negative business impact as a consequence of the COVID-19 pandemic. Please carefully review the list of required documentation and Frequently Asked Questions before completing your application. Failure to provide all of the required documentation could lead to the elimination of your application. Applications won’t be considered complete until all documentation is provided. Please contact Trina Harris at 574-596-7947 if you have questions about the application or the required documentation.

Eligibility and Selection Criteria

Small businesses within the City of Elkhart that have been negatively impacted by the COVID-19 pandemic are encouraged to apply. Applicants may request funds up to 10% of total revenue from 2019. If the business was not open a full year in 2019, you may use 2020. Requested funds may not exceed $25,000. In order to be eligible for the Small Business Continuity Program a businesses must:

    • Have a physical location within the City of Elkhart
    • Currently have on-going business activity
    • Have $500,000 or less in annual revenue
    • Employ 25 or fewer employees
    • Be able to demonstrate financial harm due to the COVID-19 pandemic. Examples include:The business being forced to close for a week or more due to a consequence of the pandemic like public health requirements, supply chain disruption, or labor shortages
    • Decrease in profit/increase in losses in 2020 and/or 2021 due to the pandemic
    • Submit all required reports
    • Required reporting include but may not be limited to 2019 and 2020 tax returns (only 2020 if you were not open in 2019)
    • Payroll documents to demonstrate payroll levels (ex W-3 or 941)
    • Estimates from vendors
    • Other documents that may demonstrate economic harm as requested

Please note that negative economic impact must be due to the COVID-19 pandemic to be eligible for consideration for the Small Business Continuity Program.

Preference will be given to applicants who:

    • Use Elkhart vendors
    • Best demonstrate how awarded funds will make their business more resilient to the impact of the COVID-19 pandemic
    • Provide a unique and highly sought after product or service to the surrounding community

We expect the amount of requests will exceed the amount of funds available. Therefore submitting an application does not guarantee a business will be awarded funding. All applicants will be screened to ensure they meet the eligibility requirements, including the submission of all required reports. All applicants who meet the eligibility requirements will then be ranked using the preferences stated above. Based on the ranking, funds will be awarded until they are exhausted. If you have any questions about the selection process, please contact Trina.Harris@coei.org

Allowable Uses

There are two primary goals of the program. The first is to provide relief where needed for immediate routine expenses. The second is to help small businesses build the capacity needed to adjust and rebound from unexpected challenges.
Examples of permissible uses include:

  • Rent/Mortgage
  • Utilities
  • Technology upgrades that increase resiliency
    • Website and/or App Development
    • Inventory Tracking System 
  • Training and Technical Assistance 
  • Signage or Façade Upgrades 
  • Expand or Diversify Product Offering
    • Additional Supplies and Materials 
    • Expand or Reconfigure Space
  • Marketing and Promotion

Award Amounts

Funds are limited. When determining the amount of your request, please consider the actual cost needed to make your business more resilient based on allowable uses stated above. In order to provide aid to as many impacted small businesses as possible, the City of Elkhart encourages businesses to make informed requests that are suitable for the needs of the individual business.

Applicants may request:

  • Up to 10% of total revenue from 2019 or 2020 if you were not open the entire year of 2019 but not to exceed $25,000 
  • You can request funds for a combination of any of the allowable uses

Payment of funds will be made directly to the vendor of the product or the service provider chosen by the business owner. Please note payments are subject to the City of Elkhart’s payment schedule, sometimes exceeding 30 days. Businesses are only allowed one grant award from the Small Business Continuity Program.

Eligibility and Selection Criteria

Small businesses within the City of Elkhart that have been negatively impacted by the COVID-19 pandemic are encouraged to apply. Applicants may request funds up to 10% of total revenue from 2019. If the business was not open a full year in 2019, you may use 2020. Requested funds may not exceed $25,000. In order to be eligible for the Small Business Continuity Program a businesses must:

    • Have a physical location within the City of Elkhart
    • Currently have on-going business activity
    • Have $500,000 or less in annual revenue
    • Employ 25 or fewer employees
    • Be able to demonstrate financial harm due to the COVID-19 pandemic. Examples include:The business being forced to close for a week or more due to a consequence of the pandemic like public health requirements, supply chain disruption, or labor shortages
    • Decrease in profit/increase in losses in 2020 and/or 2021 due to the pandemic
    • Submit all required reports
    • Required reporting include but may not be limited to 2019 and 2020 tax returns (only 2020 if you were not open in 2019)
    • Payroll documents to demonstrate payroll levels (ex W-3 or 941)
    • Estimates from vendors
    • Other documents that may demonstrate economic harm as requested

Please note that negative economic impact must be due to the COVID-19 pandemic to be eligible for consideration for the Small Business Continuity Program.

Preference will be given to applicants who:

    • Use Elkhart vendors
    • Best demonstrate how awarded funds will make their business more resilient to the impact of the COVID-19 pandemic
    • Provide a unique and highly sought after product or service to the surrounding community

We expect the amount of requests will exceed the amount of funds available. Therefore submitting an application does not guarantee a business will be awarded funding. All applicants will be screened to ensure they meet the eligibility requirements, including the submission of all required reports. All applicants who meet the eligibility requirements will then be ranked using the preferences stated above. Based on the ranking, funds will be awarded until they are exhausted. If you have any questions about the selection process, please contact Trina.Harris@coei.org

Allowable
Uses

There are two primary goals of the program. The first is to provide relief where needed for immediate routine expenses. The second is to help small businesses build the capacity needed to adjust and rebound from unexpected challenges.
Examples of permissible uses include:

  • Rent/Mortgage
  • Utilities
  • Technology upgrades that increase resiliency
    • Website and/or App Development
    • Inventory Tracking System 
  • Training and Technical Assistance 
  • Signage or Façade Upgrades 
  • Expand or Diversify Product Offering
    • Additional Supplies and Materials 
    • Expand or Reconfigure Space
  • Marketing and Promotion

Award
Amounts

Funds are limited. When determining the amount of your request, please consider the actual cost needed to make your business more resilient based on allowable uses stated above. In order to provide aid to as many impacted small businesses as possible, the City of Elkhart encourages businesses to make informed requests that are suitable for the needs of the individual business.

Applicants may request:

  • Up to 10% of total revenue from 2019 or 2020 if you were not open the entire year of 2019 but not to exceed $25,000 
  • You can request funds for a combination of any of the allowable uses

Payment of funds will be made directly to the vendor of the product or the service provider chosen by the business owner. Please note payments are subject to the City of Elkhart’s payment schedule, sometimes exceeding 30 days. Businesses are only allowed one grant award from the Small Business Continuity Program.

Submission and Contact.

While online applications are preferred, paper applications are available in the Development Services Department located within City Hall. For all questions and inquiries, please contact:

Development Services- Economic Development
c/o Trina Harris

.

.

Application.

    Business Information

    Is this business a franchise?

    Can the business demonstrate a negative economic impact as a result of COVID-19?

    Was the business profitable in 2019?

    Is the business in good standing with all federal, state and local regulating agencies? (ie: IRS, Indiana DOR, Indiana SOS, County Health Department, etc.)

    Applicant Information

    Within the last 5 years, for any felony involving fraud, bribery, embezzlement, or a false statement in a loan application or an application for federal financial assistance, has the Applicant (if an individual) or any owner of the Applicant 1) been convicted; 2) pleaded guilty; 3) pleaded nolo contendere; or 4) commenced any form of parole or probation (including probation before judgment)?

    Is the business or any owner of the business presently suspended, debarred, proposed for debarment, declared ineligible, voluntarily excluded from participation in this transaction by any Federal department or agency, or presently involved in any bankruptcy?

    General Questions

    Has your business received funds from any other granting organization in response to the COVID-19 pandemic?

    Please Upload All Supporting Documentation

    Form W-9
    2019 and 2020 Federal Tax Returns (or Federal Form 1040 with all Schedules if sole proprietorship)
    Profit and Loss Statement for 2021 certified by a CPA
    Proof of payroll showing less than 25 employees (Form W-3 for 2019 and 2020, 941’s for 2021 if applicable)
    Proof of loan/grant agreements if you have received funding from other assistance programs
    Vendor estimates for the product or service funds would cover if awarded

    Submission and Contact.

    While online applications are preferred, paper applications are available in the Development Services Department located within City Hall. For all questions and inquiries, please contact:

    Development Services- Economic Development
    c/o Trina Harris

    .

    .

    Application.

      Business Information

      Is this business a franchise?

      Can the business demonstrate a negative economic impact as a result of COVID-19?

      Was the business profitable in 2019?

      Is the business in good standing with all federal, state and local regulating agencies? (ie: IRS, Indiana DOR, Indiana SOS, County Health Department, etc.)

      Applicant Information

      Within the last 5 years, for any felony involving fraud, bribery, embezzlement, or a false statement in a loan application or an application for federal financial assistance, has the Applicant (if an individual) or any owner of the Applicant 1) been convicted; 2) pleaded guilty; 3) pleaded nolo contendere; or 4) commenced any form of parole or probation (including probation before judgment)?

      Is the business or any owner of the business presently suspended, debarred, proposed for debarment, declared ineligible, voluntarily excluded from participation in this transaction by any Federal department or agency, or presently involved in any bankruptcy?

      General Questions

      Has your business received funds from any other granting organization in response to the COVID-19 pandemic?

      Please Upload All Supporting Documentation

      Form W-9
      2019 and 2020 Federal Tax Returns (or Federal Form 1040 with all Schedules if sole proprietorship)
      Profit and Loss Statement for 2021 certified by a CPA
      Proof of payroll showing less than 25 employees (Form W-3 for 2019 and 2020, 941’s for 2021 if applicable)
      Proof of loan/grant agreements if you have received funding from other assistance programs
      Vendor estimates for the product or service funds would cover if awarded

      Small Business Continuity FAQ

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      General.

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      .

      Q: How is the Small Business Continuity Program funded?
      A: The program is funded by federal dollars made available through the American Rescue Plan Act (ARPA). A total of $400,000 has been made available for grant funds to benefit small businesses who have experienced a negative economic impact due to the COVID-19 pandemic. 

      Q: If I receive a grant, are the funds taxable?        
      A: Please contact your tax professional.  

      Q: If I’ve already received funding through the first round of the Small Business Continuity Program, can I apply again? 
      A: No, businesses may only be awarded one grant, but can apply for several of the allowable uses within one grant.

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      Eligibility.

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      Q: Are nonprofit organizations eligible for the Small Business Continuity Program?
      A: No, nonprofit organizations are not eligible.

      Application

      Next Steps.

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      Q: I applied. What happens next?

        • You will receive a confirmation email confirming receipt of the application.

        • If you have submitted an application and do not receive a confirmation email, please reach out to Trina.Harris@coei.org to confirm receipt. If you have questions about your application or need additional information, email Trina.Harris@coei.org.

        • If additional information is needed, you will receive an email requesting the information.

        • Grant awards will be announced during a Board of Works meeting and will be notified via email.

        • Those who are not awarded will be notified via email.

      Please check your email frequently and be sure to check your spam folder to ensure you receive the proper communications.

      Small Business Continuity FAQ

      .

      General.

      .

      .

      .

      Q: How is the Small Business Continuity Program funded?
      A: The program is funded by federal dollars made available through the American Rescue Plan Act (ARPA). A total of $400,000 has been made available for grant funds to benefit small businesses who have experienced a negative economic impact due to the COVID-19 pandemic. 

      Q: If I receive a grant, are the funds taxable?        
      A: Please contact your tax professional.  

      Q: If I’ve already received funding through the first round of the Small Business Continuity Program, can I apply again? 
      A: No, businesses may only be awarded one grant, but can apply for several of the allowable uses within one grant.

      .

      Eligibility.

      .

      .

      Q: Are nonprofit organizations eligible for the Small Business Continuity Program?
      A: No, nonprofit organizations are not eligible.

      Application

      Next Steps.

      .

      .

      Q: I applied. What happens next?

      • You will receive a confirmation email confirming receipt of the application.

      • If you have submitted an application and do not receive a confirmation email, please reach out to Trina.Harris@coei.org to confirm receipt. If you have questions about your application or need additional information, email Trina.Harris@coei.org.

      • If additional information is needed, you will receive an email requesting the information.

      • Grant awards will be announced during a Board of Works meeting and will be notified via email.

      • Those who are not awarded will be notified via email.

      Please check your email frequently and be sure to check your spam folder to ensure you receive the proper communications.

      Tax Abatement
      (Tax Phase-in)

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      Tax Abatement
      (Tax Phase-in)

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