The City of McKinney and McKinney Economic Development Corporation launched a $5 million dollar grant program to support small businesses negatively impacted by the COVID-19 pandemic. The Tri-City Collin County Small Business Grant Program (SBGP) is a collaboration between the City of Frisco, the City of Allen, and the City of McKinney designed for businesses operating in these cities and within Collin County. Funding for the program is provided by Collin County as part of the CARES Act.

McKinney Tri-City SBGP Guidelines - PDF

McKinney Tri-City SBGP FAQs - PDF

Applications accepted starting on June 24 at Noon

Eligibility Requirements*

• Businesses started before March 1, 2019 
• Must be one of the following types:
  • Corporation
  • Individual
  • Sole proprietorship
  • Single-member limited liability company (LLC)
  • LLC treated as a partnership, C corporation or S corporation
  • Partnership
  • Franchise
• 100 or fewer employees per business location
• Business storefront or office must be within the incorporated boundaries of McKinney in Collin County
• Gross Annual Revenue of $15 Million or less per business location
• If an owner has more than one business, the owner is eligible to apply for up to three businesses within McKinney city limits.
• Ownership is defined as at least 20% and all persons or entities that own 20% or more of the affected business must be disclosed
• Elected City officials and any relation within the second degree by consanguinity or the second degree by affinity to any member of the city council are not eligible to receive grant funds.

*See list of Ineligible Businesses

Grant Award Amounts

• Up to $25,000 will be awarded to eligible applicants based on three months of estimated expenses for payroll and fixed costs from March 1 – May 31, 2020.
• Grants will be awarded based on need, eligibility, number of employees, loss due to partial or full shutdown and availability of funds.

Eligible Expenses

• Payroll costs for employees or owners draw (sole proprietors / partners)
• Contract labor
• Supplier payments
• Rent, lease or interest on mortgage payment for real property used for business purposes, like storefront or warehouse, excluding personal residence. 
• Rent, lease or purchase payment for business property (e.g., delivery vehicle; food truck; kitchen equipment; furniture, technology, payment, and communications systems and equipment)
• Insurance: Health, Payroll, Property \ General Liability
• New or expanded technology applications and Wi-Fi services
• Utility payments to include municipal utilities (water, sewer, trash) for business properties, excluding personal residence
• Cost of critical business operations (raw materials, marketing expenses, etc. payments)
• Person Protection Equipment (PPE) and sanitation supplies and equipment
• Interest on other business debt obligations incurred before March 1, 2020, excluding personal residence

Estimated Timeline

• June 24 to July 8, 2020 | Application accepted
• July 9 to July 21, 2020 | Application review
• July 22 to July 27, 2020 | Qualified applicants will be notified of grant award amount; grant award dispersal

Questions or concerns? 

• Email: ntxsmallbiz@ndconline.org 
• Call: 1-833-696-0804 | Monday - Friday, 8 a.m. - 5 p.m.