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EDC amends boost-grant application to accept bank statements for nine months of operation
Summary
The EDC voted to amend small-business boost grant application requirements so businesses that have been operating for nine months but lack a filed tax return may provide nine months of business bank statements (or profit-and-loss) as alternative documentation; staff will update the application packet.
EDC staff proposed and the board approved an amendment to the small-business boost grant eligibility documentation to address applicants who have been operating nine months but have not yet filed tax returns. Staff explained the change was aimed at businesses that meet the operating-period…
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