The City of McKinney, partnering with the McKinney Community Development Corporation (MCDC), established the McKinney Strong COVID-19 Small Business and Nonprofit Grant program, offering up to $1,500 grants to eligible McKinney-based small businesses and nonprofits enduring economic hardships due to COVID-19. The grant is funded by up to $1 million dollars in unallocated MCDC promotional funds, as legislative parameters allow.

Applications dates: May 1 - May 10, 2020

Eligibility requirements:

• Be a small business or nonprofit in the City of McKinney
• Employ 50 or fewer full-time equivalent employees
• Conduct business out of a commercial location in McKinney
• Demonstrate a financial hardship due to the COVID-19 pandemic

Eligible business expenses for March and April 2020:

• Rent for a commercial location
• Mortgage payment as the sole occupant for a commercial location 
• Utilities (water, gas, electric, trash)
• Communications (wireless, telephone, internet)

Financial hardship includes, but not limited to:

• Employee furloughs and layoffs
• Restricted access to capital
• Revenue decline
• Decreased or inability to serve customers
• Increased operating costs
• Limited or interrupted supply and deliveries from vendors

Grant award amount:

• Up to $1,500 will be awarded to each eligible small business or nonprofit 
• Grants are calculated based on documentation of eligible business expenses
• Approved grant amounts may be reduced if total applicants and awards exceeds program funding

Estimated timeline:

• May 1 - 10 | Applications accepted 
• May 11 - 14 | Applications reviewed
• May 15 | Qualified applicants will be notified of grant award amount
• May 18 - June 8 | Grant payments processed and payment issued