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Lebanon council agrees on revised small-business grant guidelines, sets $10,000 cap
Summary
Council Member Scott J. Gilmer presented revisions to the Small Business Grant Program requiring a one-to-one documented match (receipts only), business operations to begin within 90 days, a $10,000 per-business cap, and notification to council of applicants; council retained authority to approve awards above the cap on a case-by-case basis.
Council Member Scott J. Gilmer presented proposed revisions to the Town of Lebanon’s Small Business Grant Program during the June 15 council meeting.
The revisions agreed by the council require a one-to-one match documented by receipts that cannot consist of payroll expenses, mandate that businesses receiving grant funds be opened and operational within 90 days, and set a maximum grant award of $10,000 per business. Council Member M. Elijah Leonard asked that the council retain the authority to approve grants above $10,000 on a case-by-case basis and requested that council members be notified of all applicants; the council agreed to incorporate those requests into the final guidelines.
Applicants must be in good standing with the Town and possess a valid Town Business License. The minutes record council consensus to adopt the revised guidelines; staff were instructed to incorporate Council’s suggested changes into the program documents for implementation.
The record in the minutes attributes the presentation and primary recommendations to Council Member Scott J. Gilmer and records support from Council Member M. Elijah Leonard. There was no formal roll-call vote recorded specifically adopting the guidelines in ordinance form; the minutes state the council "agreed to incorporate" the suggested changes into the program guidelines.
