Business Relief Programs FAQ

(Information Subject to Change)

This program provides grants to Wyoming businesses with 50 or fewer employees to help mitigate the negative impact of closure orders required by state and local governments. The program was created by the Wyoming Legislature, funded by the federal CARES Act and is administered by the Wyoming Business Council.

Applications open June 8 at 10 a.m.

Eligible businesses:

  • Can certify that actual losses were incurred due to the required closures or business interruptions
  • Were established before any relevant public-health orders were issued in Wyoming
  • Are for-profit, privately or publicly owned businesses
  • Are independently owned and operated
  • Are headquartered in Wyoming or operate principally out of Wyoming with at least 50% of the business' work happening in Wyoming
  • Have 50 or fewer employees that each work 30+ hours as of March 31, 2020

    Priority is placed on businesses that have not received Paycheck Protection Program funding or were specifically named in state public health orders; however, those that have received PPP are still permitted to apply.

No. “Required closure” is defined as a business that was ordered to close or experienced interruption of its normal business as a result of ordered closures. 

A total of $50 million is appropriated for this program. Each business can receive up to $50,000. 

 

You can use this worksheet to calculate your eligible grant amount.

This money is part of the $1.25 billion allocated to Wyoming by the Federal CARES Act. 

No, you can still qualify if you are not registered with the Secretary of State’s Office. However, your W-9 form will be helpful in filling out your application. 

Business owners do not need to provide documentation to apply, however some of the questions asked in the application will be best answered if you have your W-9 Form handy.

You can use this worksheet to calculate your eligible grant amount.  

No, this program only provides grants that will not need to be paid back. 

Yes. If your business experienced demonstrable losses.

Once processing begins, applicants should receive funding within 21 days if the application is complete and correct.

If you are a state-approved vendor and you have electronic deposit the money will be deposited via direct deposit.

Otherwise, a check will be mailed to the address provided.

You ONLY count employees that work 30 hours per week or more.

Yes sole proprietors are eligible and need to follow the same formula as all other businesses.

You can use this worksheet to calculate your eligible grant amount.  

The first step in calculating lost business revenue is to determine the revenue the business would have earned if COVID-19 had not occurred. This can be determined, for example, by using an average of prior years/months revenues and applying that average to the time frame between March 13, 2020, and the business application date.

Examples of lost revenue include, but are not limited to:

  • Substantiated declines in sales of goods/services, supply chain interruptions, membership cancellations, extending payments, contract cancellations (as long as they are between March 13, 2020, and application date), discounts, refunds, price concessions, penalties, etc.

COVID-19 related expenses include but are not limited to: cleaning products, sanitizers, personal protection equipment, other safety equipment, expenses related to screening, safety, security, cleaning and sanitizing business premises.

Contracts that have been terminated due to the COVID-19 pandemic can be included in lost revenue if the contract was in place and the work was expected to be completed between March 13, 2020, and the date of the application.

These are expenses a business avoided due to closure. For example, payroll expenses that were less due to decreased hours of operation or utility cost decreases due to shorter hours, less employees, etc.

These are any grant funds or funds from the CARES Act that may be forgiven. These may include but are not limited to EIDL Advances, PPP forgiveness or PUA.

IF IT IS MONEY THAT MUST BE REPAID, DO NOT COUNT IT AS A GRANT IN THE CALCULATION.

File a separate application for each business that has it's own EIN/SSN. You cannot put multiple businesses into one application.

Yes, this grant will be counted as income on next year's taxes.

Yes, subtract the full amount of the funds. Remember that even if your grant amount is small or zero for this program, you may qualify for additional funds via programs 2 and 3, which will be available in early July.

The Business Council is hosting informational webinars to help business owners understand the program, determine whether they qualify and begin applying. See below for dates and registration links.

Keep an eye out on our website and Facebook page, or sign up to receive news releases here.

The program provides grants of up to $300,000 for independent Wyoming businesses that employ fewer than 100 people and have experienced hardship due to public-health orders. 

We anticipate applications opening at the beginning of July.  

The Business Interruption Stipend provides grants of up to $50,000 to businesses with 50 or fewer employees, while the Business Relief Stipend provides grants of up to $300,000 to businesses with fewer than 100 employees.  

Yes, potentially. Keep in mind, however, that each program has its own application, rules and reporting requirements. Business owners will need to have a spending plan and use all the funds for coronavirus-related expenses by Dec. 30. 

Eligible businesses:

  • Can certify that actual losses were incurred due to the required closures 
  • Were established on or before March 13, 2020, the date of enactment of any order issued by the state or local government that required closures of businesses in response to the covid-19 pandemic. 
  • Are independently-owned and operated 
  • Are headquartered in Wyoming, or operate principally out of Wyoming 
  • Have 100 or fewer employees as of the date of applying 
  • Priority is placed on businesses that have not received federal funding; however, those that have received PPP or EIDL funding are still permitted to apply.

No. “Required closure” is defined as a business that was ordered to close or experienced interruption of its normal business as a result of ordered closures. 

If at least 60% of the employees or 60% of the income of the business comes from Wyoming, it is considered to be operating principally out of Wyoming.  

A total of $225 million is available in this program for grants of up to $300,000 per business. 

This money is part of the $1.25 billion allocated to Wyoming by the Federal CARES Act. 

Business owners do not need to provide documentation to apply, however some of the questions asked in the application will be best answered if you have your W-9 Form handy. 

Please ensure the business or personal name; the Employment Identification Number or Social Security Number; and the business classification you enter on the form match your latest tax return.  

No, this program only provides stipends that will not need to be paid back.  

All funding must be used by Dec. 30, 2020.

The Business Council will host a webinar at the end of June to help business owners understand the program, determine whether they qualify and begin applying. Keep an eye out on our website and Facebook page, or sign up to receive news releases here. Or, reach out to your Business Council regional director here.

The Coronavirus Mitigation Fund is a $50 million grant fund created by the Legislature to reimburse companies for the expenses of purchasing cleaning products, sanitizers, personal protective equipment, other safety equipment, hiring and paying employees necessary to implement protocols associated with screening, safety, security, cleaning and sanitizing business premises and any training necessary to implement those protocols. 

We anticipate applications opening at the beginning of July. 

A total of $50 million is available in this program for grants of up to $500,000 per business. 

Purchases made between March 1, 2020, and Dec. 1, 2020, are eligible for reimbursement. 

All funding must be used by Dec. 30, 2020. 

For more information, you can take a look at our customer service manual.

Or, reach out to your Business Council regional director here