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Economic Development Small Business Grants

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 small business assistance program

The City of Thousand Oaks Small Business Assistance Grant Program will provide financial assistance to eligible, locally-owned, small businesses impacted by the Coronavirus (COVID-19) to continue operations and retain employees. The grant funds intended use is for payroll and/or rent/mortgage. Applicants may receive up to $10,000 in the form of a grant that will not require repayment. As the City is utilizing $340,000 in federal Community Development Block Grant funds, all operating assistance must be compliant with federal regulations. 

Click on the following documents.

Please use the "save draft" option at the bottom of the application to save your work. You will be prompted to enter your e-mail address and create a password to access the saved form at a later time. The system will generate an e-mail with a link to your saved document. Please save that e-mail for reference. 

CDBG-CV grant applications for 2020-21 may be submitted to the City of Thousand Oaks through the On-Line Application from July 1, 2020 to July 20, 2020 at 5:00 p.m.

For additional information contact:  Lynn Oshita    EDgrants@toaks.org     805/449-2391

Businesses must meet all the following requirements to be eligible for the Grant Program: 

  • Businesses must be a for-profit business 

  • Businesses must be locally-owned (For the purposes of this Grant Program, locally-owned is defined as follows: A business with at least one business owner owning at least 20% of the business that lives in Ventura County or within 10 miles of the City of Thousand Oaks.) 

  • Business must employ at least one (1) Full-Time Equivalent (FTE) employee, excluding the owner, and up to  nine (9) total FTE, excluding the owner 

  • Business was in operation prior to February 1, 2020  

  • Business posses a current business license with the City of Thousand Oaks 

  • Business cannot be delinquent on local, state, or federal taxes 

  • Business must have or register for a DUNS Number and through the System for Award Management (SAM) at sam.gov. (City Staff are available to assist) 

  • Business must be physically located in a commercial property within Thousand Oaks city limits (Home-based businesses are not eligible for this Grant Program) 

  • Business must submit all required documents (See Required Documents Section) 

  • Business must demonstrate at least 51% of employees benefiting from job retention meet Low- to Moderate-Income (LMI) criteria 

  • Business must also demonstrate that without the grant assistance job loss would occur.  

The initial application review process will ensure applications are complete and all required supporting documents are provided. Applications will also be reviewed to ensure compliance with CDBG and other government requirements.  

If total funding requests from qualifying applicants exceed the total amount available for the program, applications will undergo an additional review process to prioritize grant funding awards using objective criteria based on information provided in the application.

Timeline

June 30th: Workshop for prospective applicants 

July 1st-20th: Application period 

End of July: Awardees to be notified  

Mid-August: Begin disbursement of funds