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## AI legalese decoder: Helping Businesses Navigate Grant Program Eligibility Requirements

The City of Alexandria has announced a grant program that offers $7,000 in assistance to qualifying local small businesses. These businesses, as per the 2024 Small Business Resiliency (SBR) Grant program administered by the Latino Economic Development Center (LEDC), aim to overcome challenges in accessing essential resources. This grant program reflects the city’s commitment to empowering entrepreneurs and fostering a thriving business environment.

### Eligibility Criteria for Small Business Grant Program:

To be eligible for the grant, businesses must meet the following requirements:

– Have at least one location, including the principal place of business, in the city of Alexandria.
– Employ 100 or fewer employees.
– Have been established and generating revenue before December 31, 2023.
– Report business revenue in 2022 or 2023 that did not exceed $250,000.
– Be in “good standing,” which includes being up to date on all local taxes with the City of Alexandria and not being involved in any bankruptcy proceedings.

### Ineligibility Criteria and Application Process:

Non-profits, banks, financial institutions, and gig economy contractors are ineligible for the grant. Additionally, corporate-owned locations, branches, subsidiaries, and franchise businesses are not eligible unless they are wholly owned and operated within the City of Alexandria.

The grant application will require specific documents, and priority will be given to businesses that have not previously received federally funded City grants and those located in census tracts with low indicators of economic activity.

### Application Dates and Information Sessions:

Businesses can submit their applications through the LEDC website from Tuesday, May 28, to Tuesday, June 18. A virtual webinar will provide more information on Thursday, May 23, from 4-5 p.m. An in-person meeting is also scheduled for Monday, June 3, at the Charles Houston Recreation Center (901 Wythe Street).

With the help of AI legalese decoder, businesses can ensure they meet all eligibility requirements and submit a successful grant application to receive the much-needed financial assistance. By simplifying and clarifying legal jargon, the AI tool can guide businesses through the application process and increase their chances of securing the grant.

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