ABOUT THE FUND
The Ventura County Rapid Response COVID-19 Business Assistance Grants Program will provide vital grant funding to local businesses and nonprofit organizations developed by the County of Ventura in consultation with the Economic Development Collaborative, Women’s Economic Ventures and the Ventura County Community Foundation.
The main features of this program include grants of $5,000 awarded to small businesses and nonprofit organizations located in Ventura County to alleviate impacts from COVID-19 for allowed uses such as payroll support, rent and lease payments, costs for personal protective equipment, purchases related to the operation of their businesses, and extraordinary business expenses for adhering to compliance protocols for reopening (e.g., cleaning services, signage, customer interface capabilities, additional security, etc.).
The City of Camarillo and the City of Moorpark will also be awarding separate grants to businesses in their areas using this same application. One application covers all programs. The application period is June 24, 2020 to July 8, 2020. Additional details will be coming soon.
HOW THIS FUND WORKS
Business Assistance Grants totaling $10 million will be funded by the County of Ventura through federal funding associated with the provision of economic support in connection with the COVID-19 public health emergency.
The funding will be awarded in two phases. For the first phase, Business Assistance Grants will be $5,000 awards to 1,000 recipients and will be available to those small businesses and nonprofit organizations that meet the following criteria (individually, “Eligible Small Businesses” and “Eligible Nonprofits”; collectively, “Eligible Small Businesses and Nonprofits”):
- The business or nonprofit organization maintains a business license in Ventura County.
- The business or nonprofit organization was in business on, or before, March 17, 2020.
- In 2019 the business or nonprofit organization had total annual gross revenue between $25,000 and $2 million. For new businesses and nonprofits created on January 1, 2020 and between March 17, 2020, total revenue between January 1, 2020 and July 8, 2020 has been between $25,000 and $2 million.
- The business or nonprofit has registered with vcreopens.com if eligible.
- The nonprofit organization is exempt from tax under Internal Revenue Code Section 501(c)(3) per an IRS determination letter.
The County of Ventura Board of Supervisors adopted the first set of priorities and guidelines, which the Special Oversight Committee will implement, on Tuesday, June 16, 2020. The Ventura County Board of Supervisors will be the final authority for all eligibility requirements. All applications will be reviewed by the Economic Development Collaborative and Women’s Economic Ventures. As unprecedented demand is anticipated for these grants, awards in the first phase of funding will be based on the groups of funding (“Selection Groups” described further below). An algorithm for each Selection Group will be developed and used by the Economic Development Collaborative and Women’s Economic Ventures when conducing their review. Following their review, applications will be recommended to the Special Oversight Committee for approval and confirmed by the Ventura County Community Foundation Board of Directors. Funds in the first phase will be distributed by the Ventura County Community Foundation.
The second phase of funding criteria will be developed after the first phase is complete. Only those who apply in the first phase but do not receive a grant will be considered for funding in the second phase.
Additional grant awards will be available by the City of Camarillo and the City of Moorpark. One application covers all Business Assistance Grants Programs.
SPECIAL OVERSIGHT COMMITTEE
The Fund will be administered by a Special Oversight Committee established by the Ventura County Community Foundation,
consisting of the following community leaders
Geoff Dean, Sheriff, Retired; Board of Directors, Ventura County Community Foundation (Co-Chair)
John Bradley, Rocketdyne, VP of Finance/CFO, Retired (Co-Chair)
Ellen Brokaw, Owner, Brokaw Nursery
Tim Hagel, Sheriff, Retired
Kathy Long, County Supervisor, Retired
Carmen Ramirez, Attorney, Mayor Pro Tem – City of Oxnard
Scott Hansen, Senior Vice President, Regional Managing Director, Wells Fargo;
Chair, Board of Directors, Ventura County Community Foundation
Tim Gallagher, Co-Owner, The 2020 Network; Secretary, Board of Directors, Ventura County Community Foundation
Kathi Van Etten, President & CEO, Simi Valley Chamber of Commerce
Dr. Gabino Aguirre, 2020 Census Region 5 Coordinator
Andrew Powers, City Manager, Thousand Oaks
Troy Brown, City Manager, Moorpark
Sim Tang-Paradis, Vice President, City National Bank
Barry Fisher, Deputy City Manager for Ventura
Paul Stamper, Deputy Executive Officer, County of Ventura
Scott Powers, Deputy Executive Officer, County of Ventura
Dr. Richard R. Rush, Immediate Past President, CSUCI (“Fund Administrator”)
Jack Edelstein, Nonprofit Consultant; Board of Directors, Ventura County Community Foundation (“Fund Administrator”)
Non-voting members that provide support and guidance to the Special Oversight Committee include:
Vanessa Bechtel, President & CEO, Ventura County Community Foundation
Bruce Stenslie, President & CEO, Economic Development Collaborative
Marni Brooks, Director of Lending, Women’s Economic Ventures
Megan Glynn, Chief Development Officer, Southeast Ventura YMCA
Mollie Zehling, Director, California Strong
Calleen O’Neall, Administrative Assistant, Ventura County Community Foundation
Tracy Tagawa, Consultant, Ventura County Community Foundation
Stephanie Bertsch-Merbach, Director of Operations, Ventura County Community Foundation
Jim Rivera, Chief Compliance Officer, Ventura County Community Foundation
Phylene Wiggins, VP of Community Investment, Ventura County Community Foundation
Bonnie Gilles, CFO, Ventura County Community Foundation
The County of Ventura, the Economic Development Collaborative, Women’s Economic Ventures, and the Ventura County Community Foundation. The Ventura County Community Foundation is also proud to partner with the City of Camarillo and the City of Moorpark.