WHAT IS THE DEFINITION OF A MICROENTERPRISE?
A Microenterprise is defined as a commercial business that has five or fewer employees, one or more of whom owns the business. Persons developing microenterprises, meaning persons who have expressed an interest in, or who after an initial screening process, are expected to be actively working toward developing businesses, each of which is expected to be a microenterprise at the time it is formed.
WHO CAN QUALIFY FOR ASSISTANCE?
Eligible applicants are those who either have a physical business address within the City limits, or are individuals wishing to start a new business within the City limits and are a current City resident. Proof of residency will be required at the time of application.
DO I HAVE TO MEET CERTAIN INCOME CRITERIA IN ORDER TO QUALIFY TO RECEIVE SERVICES?
Yes. All microenterprise owners must be documented as meeting HUD’s low/mod income definition prior to receiving any Program services. This is in addition to meeting the “definition” of a microenterprise. An Income Self-Certification Form will be used to verify income of program applicants to receive Microenterprise Technical Assistance services.
WHAT ARE THE BENEFITS OF THE MICROENTERPRISE PROGRAM?
The benefits of the Microenterprise Assistance Program are specialized training, “one-on-one” technical assistance for help with basic business record keeping, marketing, taxes, human resources, writing a business plan, or if you just need to talk to a business specialist to receive guidance. After completion of the Technical Services, businesses can also apply to the City for the opportunity to receive small Microenterprise Loans.
HOW CAN I GET MORE INFORMATION TO SEE IF I QUALIFY?
For an Application, contact Kim Campbell at the City of Sonora 94 N. Washington Street, Sonora, CA. Phone: (209) 532-3508; Email: email@example.com; City Website: www.sonoraca.com.